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Tx Fair Housing DtpaDtpa_consumer_protectionEASY

A Texas homebuyer purchases a property and later discovers that the seller knowingly concealed a major foundation defect. The buyer wants to pursue legal remedies. Under which Texas law can the buyer seek treble damages for deceptive practices in a real estate transaction?

Correct Answer

D) Texas Deceptive Trade Practices Act (DTPA), Business & Commerce Code Chapter 17

The Texas Deceptive Trade Practices Act (Texas Business & Commerce Code Chapter 17) is the primary consumer protection statute that allows consumers to recover treble damages (up to three times actual damages) when a seller or service provider engages in knowing or intentional deceptive practices, including concealing material defects in real estate transactions.

Answer Options
A
Texas Real Estate License Act (TRELA)
B
Texas Property Code Chapter 5 (Seller's Disclosure)
C
Texas Occupations Code Chapter 1101
D
Texas Deceptive Trade Practices Act (DTPA), Business & Commerce Code Chapter 17

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Related Topics & Key Terms

Key Terms:

dtpatreble_damagesconsumer_protectiondeceptive_practices

Related Concepts

A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.

A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.

Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.

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