Amend CSHB 8 (house committee printing) as follows:

(1) On page 6, between lines 5 and 6, add the following:

Sec. 5.2025. EXCEPTION; WAIVER. (a) This section applies only to a private transfer fee obligation created on or after the effective date of this Act.

(b) A private transfer fee obligation is binding and enforceable and is not void under Section 5.202 provided that, before a person is obligated to pay the private transfer fee, the person:

(1) consults with an attorney licensed to practice law in this state or a licensed real estate broker or salesperson regarding the private transfer fee obligation; and

(2) acknowledges in writing that the person:

(A) has complied with Subdivision (1);

(B) understands and agrees to comply with the private transfer fee obligation; and

(2) On page 8, line 21, strike "VOID".

(3) On page 8, line 22, between "void" and the period, insert ", except as provided by Section 5.2025".