85R9912 DMS-F
By: VanDeaver H.B. No. 2611
A BILL TO BE ENTITLED
AN ACT
relating to broker agreements for the sale of real property by
school districts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.154, Education Code, is amended by
adding Subsections (d) and (e) to read as follows:
(d) If a contract is made under Subsection (c) with a
licensed real estate broker to list the tract of real property for
sale for at least 30 days with a multiple-listing service, the board
of trustees 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 board of trustees may sell a tract of real property
under this section without complying with the notice and bidding
requirements prescribed by Section 272.001(a), Local Government
Code, 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, 2017.