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AN ACT
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relating to authorizing broker agreements for the sale of real |
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property by certain municipalities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 253, Local Government Code, is amended |
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by adding Section 253.014 to read as follows: |
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Sec. 253.014. BROKER AGREEMENTS AND FEES FOR SALE OF REAL |
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PROPERTY BY HOME-RULE MUNICIPALITY. (a) In this section, "broker" |
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means a person licensed as a broker under Chapter 1101, Occupations |
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Code. |
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(b) The governing body of a home-rule municipality may |
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contract with a broker to sell a tract of real property that is |
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owned by the municipality. |
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(c) The governing body may pay a fee if a broker produces a |
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ready, willing, and able buyer to purchase a tract of real property. |
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(d) If a contract is made under Subsection (b) with a broker |
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to list the tract of real property for sale for at least 30 days with |
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a multiple-listing service, the governing body on or after the 30th |
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day after the date the property is listed may sell the tract of real |
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property to a ready, willing, and able buyer who is produced by any |
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broker using the multiple-listing service and who submits the |
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highest cash offer. |
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(e) The governing body may sell a tract of real property |
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under this section without complying with the public auction |
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requirements prescribed by Section 253.008 or other law or the |
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notice and bidding requirements prescribed by Section 272.001 or |
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other law. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2013. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 985 passed the Senate on |
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April 18, 2013, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 985 passed the House on |
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May 14, 2013, by the following vote: Yeas 143, Nays 0, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |