Sec. 1103.004. EFFECT OF CHAPTER

Latest version.

(a) Repealed by Acts 2005, 79th Leg., Ch. 703, Sec. 22, eff. September 1, 2005.
(b) This chapter does not prohibit:
(1) a person authorized by law from performing an evaluation of real property for or providing an evaluation of real property to another person; or
(2) a real estate broker licensed under Chapter 1101 or a salesperson acting under the authority of a sponsoring broker from providing to another person a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:
(A) is not referred to as an appraisal;
(B) is given in the ordinary course of the broker's or salesperson's business; and
(C) is related to the actual or potential acquisition, disposition, encumbrance, or management of an interest in real property.

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 703 , Sec. 22, eff. September 1, 2005. Acts 2011, 82nd Leg., R.S., Ch. 131 , Sec. 3, eff. May 27, 2011.

                    
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