Sec. 2175.188. PURCHASER'S FEE

Latest version.

(a) For property that is sold under Section 2175.186 or 2175.187, the commission shall collect a fee from the purchaser.
(b) The commission shall set the fee at an amount that is:
(1) sufficient to recover costs associated with the sale; and
(2) at least two percent but not more than 12 percent of sale proceeds.

Added by Acts 2001, 77th Leg., ch. 1422, Sec. 11.03, eff. Jan. 1, 2002.

                    
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