Seller Adams is selling a property in Corpus Christi, Texas. The property has a valid WPI-8 certificate for windstorm insurance eligibility. Under Texas law, what must Adams disclose about the WPI-8?
Correct Answer
C) The existence of the WPI-8 certificate and provide a copy to the buyer as it affects insurability
The seller should disclose the existence of the WPI-8 certificate and provide a copy to the buyer. The WPI-8 is essential for the buyer to obtain windstorm insurance through TWIA and is a material document affecting the property's insurability.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
More Texas Property Code Disclosures Questions
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- → The Texas Seller's Disclosure Notice requires disclosure of all of the following items EXCEPT:
- → Under Texas Property Code §5.008, all of the following sellers must provide a Seller's Disclosure Notice EXCEPT:
- → Under Texas Property Code §5.008, which of the following items is NOT required to be disclosed on the Seller's Disclosure Notice?
- → Seller Quinn knows that the property experienced flooding during a major storm 8 years ago. The damage was repaired, and Quinn believes the problem was resolved. On the Seller's Disclosure Notice, Quinn checks 'No' for 'Previous flooding.' Under Texas law, has Quinn made a misrepresentation?
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- → Seller Adams is a builder selling a newly constructed home. Under Texas Property Code §5.008, must Adams provide a Seller's Disclosure Notice for the new construction?
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- → A Texas seller is completing the Seller’s Disclosure Notice after the property had prior structural repairs and termite treatment. Which condition must be addressed on the notice?
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