Texas Real Estate License Act. This Section 9.3 only applies to the Parktown Townhouse Property, the Westway Village Property and the Xxxxx of Inverness Property. The Texas Real Estate License Act requires written notice to Purchaser from any licensed real estate broker or salesman who is to receive a commission, that Purchaser should have any attorney of its own selection examine an abstract of title to the property being acquired or that Purchaser should be furnished with or should obtain a title insurance policy. Purchaser should not rely upon any oral representations about the Property from any source. Each Broker is not qualified to render property inspections, surveys, engineering studies, environmental assessments, or inspections to determine compliance with zoning, governmental regulations, or laws. Purchaser should seek experts to render such services. Selection of inspectors and repairmen is the responsibility of the Purchaser and not the Broker.
Appears in 5 contracts
Samples: Purchase and Sale Contract, Purchase and Sale Contract (Shelter Properties Ii LTD Partnership), Purchase and Sale Contract (Consolidated Capital Properties Iv)
