Texas Real Estate Forms: What's New with Consumer Protection & Seller's Disclosure Updates in 2023?

Starting September 1, 2023, two key forms, the Consumer Protection Notice and the Seller’s Disclosure Notice, will have significant updates due to recent legislation by the 88th Texas Legislature.

Consumer Protection Notice

Form: Consumer Protection Notice (TREC No. CN 1-3)

What’s Changed?

The form no longer mentions the real estate inspection recovery fund, as it was repealed this session.

Impact on Licensees

All real estate brokers, sales agents, inspectors, and ERW agents must display the updated Consumer Protection Notice prominently online and at their business locations.

Action Steps

  1. Access and review the updated form on TREC’s website.
  2. If you link directly to the TREC website for this form, ensure the link remains active.
  3. For those using a PDF or hosting the form independently, update to the new form by September 1.
  4. Print and display the updated form at your place of business.

Seller’s Disclosure Notice

Form: Seller’s Disclosure Notice (TREC No. OP-H)

What’s Changed?

The new requirement is for sellers to disclose the type of gas supply piping - black iron pipe, copper, or CSST.

Impact on Licensees

This change necessitates additional information from sellers, which might be listed as ‘unknown’. Licensees should be aware of the inspection reports since 2022, which include this information.

Action Steps

  1. Familiarize yourself with the updated Seller’s Disclosure Notice.
  2. Guide sellers in identifying the type of gas piping, or advise them to mark ‘unknown’ if unsure.
  3. Use the updated form for contracts executed on or after September 1, 2023.

Staying Ahead

For a deeper understanding and more information, check out TREC’s official update page or TREC’s article covering these changes.

Important Notice: Hello Texas real estate experts! This article is part of our effort to keep you in the loop with the latest industry developments, including vital form and regulation updates. For a deeper dive and personalized advice on how these changes impact your business, we encourage you to chat with your broker. We’re here to assist with transaction coordination services that adapt to these updates, ensuring you’re always ahead of the curve.

Elissa Kirchner
Written by

Elissa Kirchner

“Buy land, they’re not making it anymore.” - Mark Twain

Hi! I’m Elissa, a licensed Texas Real Estate agent since early 2020. In a short period, I’ve handled more transactions than many agents do over much longer careers. Beyond just buying and selling, I’m deeply involved in the transaction coordination process. This role allows me to ensure that when you work with me, your experience will be smooth and successful. I believe in being the welcome wagon for every client, guiding you from contract to close with expertise and care. My approach is thorough, leveraging my real estate knowledge to benefit each client uniquely.