Bill Text: TX SB985 | 2013-2014 | 83rd Legislature | Enrolled
Bill Title: Relating to authorizing broker agreements for the sale of real property by certain municipalities.
Spectrum: Bipartisan Bill
Status: (Passed) 2013-06-14 - Effective immediately [SB985 Detail]
Download: Texas-2013-SB985-Enrolled.html
| S.B. No. 985 | ||
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| relating to authorizing broker agreements for the sale of real | ||
| property by certain municipalities. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 253, Local Government Code, is amended | ||
| by adding Section 253.014 to read as follows: | ||
| Sec. 253.014. BROKER AGREEMENTS AND FEES FOR SALE OF REAL | ||
| PROPERTY BY HOME-RULE MUNICIPALITY. (a) In this section, "broker" | ||
| means a person licensed as a broker under Chapter 1101, Occupations | ||
| Code. | ||
| (b) The governing body of a home-rule municipality may | ||
| contract with a broker to sell a tract of real property that is | ||
| owned by the municipality. | ||
| (c) The governing body may pay a fee if a broker produces a | ||
| ready, willing, and able buyer to purchase a tract of real property. | ||
| (d) If a contract is made under Subsection (b) with a broker | ||
| to list the tract of real property for sale for at least 30 days with | ||
| a multiple-listing service, the governing body on or after the 30th | ||
| day after the date the property is listed may sell the tract of real | ||
| property to a ready, willing, and able buyer who is produced by any | ||
| broker using the multiple-listing service and who submits the | ||
| highest cash offer. | ||
| (e) The governing body may sell a tract of real property | ||
| under this section without complying with the public auction | ||
| requirements prescribed by Section 253.008 or other law or the | ||
| notice and bidding requirements prescribed by Section 272.001 or | ||
| other law. | ||
| SECTION 2. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2013. | ||
| ______________________________ | ______________________________ | |
| President of the Senate | Speaker of the House | |
| I hereby certify that S.B. No. 985 passed the Senate on | ||
| April 18, 2013, by the following vote: Yeas 31, Nays 0. | ||
| ______________________________ | ||
| Secretary of the Senate | ||
| I hereby certify that S.B. No. 985 passed the House on | ||
| May 14, 2013, by the following vote: Yeas 143, Nays 0, two | ||
| present not voting. | ||
| ______________________________ | ||
| Chief Clerk of the House | ||
| Approved: | ||
| ______________________________ | ||
| Date | ||
| ______________________________ | ||
| Governor | ||
