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Texas Property Code DisclosuresHoa_disclosuresMEDIUM

Under Texas law, an HOA may charge a fee for providing the resale certificate. What is the maximum fee an HOA may charge for this document?

Correct Answer

D) $375 as set by statute, subject to adjustments

Under Texas Property Code §207.003, the HOA may charge a reasonable fee for the resale certificate, subject to statutory limits. The maximum has been established by statute and may be adjusted periodically.

Answer Options
A
There is no statutory maximum; the HOA may charge any amount
B
The HOA must provide the resale certificate free of charge
C
$100 flat fee regardless of the property value
D
$375 as set by statute, subject to adjustments

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Related Topics & Key Terms

Key Terms:

HOAresale_certificatefeestatutory_maximum

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