EstatePass
Tx Fair Housing DtpaDtpa_consumer_protectionEASY

A seller in El Paso receives a 60-day DTPA demand letter from a buyer alleging a failure to disclose a known roof leak. The seller wants to resolve the matter without going to court. Under the DTPA, what may the seller do during the 60-day notice period?

Correct Answer

D) Make a written settlement offer to the buyer, including an offer to repair and compensate for damages

Under Texas Business & Commerce Code §17.505(b)-(d), during the 60-day notice period, the defendant may make a written offer of settlement, including an offer to repair or replace, and an amount of money to compensate for damages. If the consumer rejects a reasonable offer and later recovers less than the offer at trial, the consumer's recovery may be limited.

Answer Options
A
File a counterclaim against the buyer to prevent the lawsuit from proceeding
B
Demand that the buyer submit to binding mediation before any settlement can be offered
C
Ignore the notice because it has no legal effect until a lawsuit is filed
D
Make a written settlement offer to the buyer, including an offer to repair and compensate for damages

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Tx Fair Housing Dtpa Question

Sign up free to unlock full analysis

Background Knowledge for Tx Fair Housing Dtpa

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Tx Fair Housing Dtpa

Sign up free to unlock full analysis

Common Mistakes to Avoid on Tx Fair Housing Dtpa Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

dtpa60_day_noticesettlement_offerpre_suit

Related Concepts

Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.

FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.

A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.

Was this explanation helpful?

More Tx Fair Housing Dtpa Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing