Tex. Occ. Code § 1201.511

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1201.511 - Prohibited Real Estate Transaction

(a) This section applies to a transaction in which a manufactured home is sold as personal property.

(b) A retailer may not sell, represent for sale, or offer for sale real property in conjunction with the sale of a manufactured home except as authorized by the department consistent with Chapter 1101.

(c) A retailer, broker, or salesperson or a person acting on behalf of a retailer or broker may not receive or accept compensation or consideration of any kind from the seller of the real property or a person acting on the seller's behalf. No part of the down payment on the purchase of the manufactured home or any fees, points, or other charges or "buy-downs" may be paid from money from the seller of the real property or a person acting on the seller's behalf.

Tex. Occ. Code § 1201.511

Amended By Acts 2003, 78th Leg., ch. 1276, Sec. 14A.260(a), eff. 9/1/2003.

Amended by Acts 2003, 78th Leg., ch. 338, Sec. 37, eff. 6/18/2003

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. 6/1/2003.