Texas Real Estate State Practice Exam

When must a seller's disclosure be given to a buyer?

1. At the closing

2. After the offer is signed

3. Before the buyer signs an offer

4. After the inspection

The correct answer is: Before the buyer signs an offer

The correct answer indicates that a seller's disclosure must be provided to a buyer before the buyer signs an offer. In Texas, the law requires that the seller notify potential buyers about the property's condition and any known issues prior to the buyer making a formal offer. This ensures that buyers are fully informed about the property, which can significantly influence their decision-making process. Providing the disclosure early in the transaction allows prospective buyers to assess any risks or concerns, potentially saving them from surprises later in the transaction process. The intent is to foster transparency and promote informed decision-making. By receiving this information upfront, buyers can evaluate whether they still want to proceed with an offer based on the condition of the property. The timing of the seller's disclosure is an important aspect of the real estate transaction process, aimed at protecting the interests of both parties involved. It encourages trust and fairness in the real estate market, preventing disputes that might arise from undisclosed issues.