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  89R11069 RAL-F     By: Middleton S.B. No. 1970       A BILL TO BE ENTITLED   AN ACT   relating to the duties of a real estate broker or sales agent who   lists real estate for sale.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter L, Chapter 1101, Occupations Code, is   amended by adding Section 1101.562 to read as follows:           Sec.   1101.562.     DUTIES OF LICENSE HOLDER LISTING REAL ESTATE   FOR SALE. (a) A license holder who enters into a listing contract   with a seller of real estate shall:                 (1)     share information regarding the real estate with   and respond to any inquiry from a license holder representing a   prospective buyer;                 (2)     at the seller's direction, show the property to   prospective buyers; and                 (3)     except as provided by Subsection (b), not later   than the first business day after the start date of the listing   contract, publicly advertise or market the real estate in or on a   publication, platform, or Internet website that is broadly   accessible to the public and any license holder representing   prospective buyers.           (b)     Subsection (a)(3) does not apply if the seller in   writing waives the requirement to publicly advertise or market the   real estate. The commission shall adopt a form for a waiver under   this subsection.   The form must state that the seller acknowledges   that the failure to publicly advertise or market the real estate   could result in:                 (1)     license holders and prospective buyers not being   aware that the real estate is for sale or of the terms under which   the real estate is being offered for sale;                 (2)     the real estate not being displayed on platforms   or Internet websites used by the public to search for property   listings;                 (3)  fewer offers to purchase the real estate; and                 (4)     a negative impact on the seller's ability to sell   the real estate at terms favorable to the seller.          SECTION 2.  This Act takes effect September 1, 2025.