Sec. 161.237. EXEMPTION FROM CERTAIN REAL ESTATE TRANSACTION LAWS

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(a) Unless the statute specifically states that the statute applies to the board, the following statutes do not apply to the board:
(1) a statute that would require the board to provide a notice or disclosure to a buyer of real property; and
(2) a statute relating to the sale, purchase, or financing of real property by an executory contract, including a contract for deed or other similar sale.
(b) This section does not affect the application of a statute described by Subsection (a)(2) to a party involved in a transaction with the board.

Added by Acts 2007, 80th Leg., R.S., Ch. 234 , Sec. 3, eff. May 25, 2007.

                    
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