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Market Perspectives Blog Post

Understanding the Required Compliance Forms for Homebuyers in Austin

At Adam Timothy Group, we believe that transparency and education are key parts of the homebuying process. If you’re buying a home in Austin—or anywhere in Texas—there are several standard compliance forms we provide to make sure you’re informed and protected throughout the process. Here’s a brief explanation of each one you’ll come across as a buyer:


1. Information About Brokerage Services
These forms explain the types of working relationships available in Texas real estate transactions. By law, we must provide this form at the first substantive conversation. It outlines how Adam and Timothy, as licensed agents, may represent buyers, sellers, or both, and clarifies your rights when working with a broker.


3. TXR 1501 – Residential Buyer/Tenant Representation Agreement
This agreement officially establishes our working relationship with you as your real estate representatives. It outlines the responsibilities we have to you, the scope of services provided, how we get paid, and how long the agreement lasts. It’s an important document that ensures we’re on the same team, working toward your goals.


4. TXR 1506 – General Information and Notice to Buyers and Sellers
Think of this as a helpful primer. It covers common real estate terms, explains the process of buying and selling in Texas, and includes practical advice about inspections, surveys, property condition, and more. It’s not legally binding but helps you navigate the process with more clarity.


5. TXR 1928 – For Your Protection: Get a Home Inspection
This form emphasizes the importance of getting a professional home inspection before you close on a home. It reminds you that as the buyer, you are responsible for assessing the home’s condition—and that inspections are one of the best ways to protect yourself from costly surprises.


6. TXR 2511 – Protect Your Family From Lead In Your Home
Federal law requires this disclosure for homes built before 1978, as they may contain lead-based paint. This form includes a helpful EPA pamphlet and explains the risks of lead exposure. Even if you’re not buying an older home, it’s good to understand the rules and risks.


7. TXR 2517 – Wire Fraud Warning (Buyer)
This form warns about the increasing threat of wire fraud in real estate transactions. It educates you on how to protect your money—especially during closing—by verifying wiring instructions through trusted communication channels.


These forms may seem like a lot at first, but each one serves to inform and protect you at different points in the process. We walk through all of them together, making sure you understand what you’re signing and why it matters.

If you have questions about any of these forms—or want to start your search with a team who puts transparency first—we’re always here to help.

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We don’t just buy and sell homes. We build community by helping clients find their place in the world.

Timothy Powles and Adam Stanley work together on the Adam Timothy Group at Compass RA and manage AT Real Estate Group LLC, a rental and vacation property investment business. We are about building community. We believe a real estate transaction is an important and extremely significant event but relationships last a lifetime. Our clients, partners, and friends trust us to get to know their story and what is most important to them.  And we work tirelessly to retain that trust.

INFORMATION ABOUT BROKERAGE SERVICES
INFORMATION ABOUT BROKERAGE SERVICES

TEXAS REAL ESTATE COMMISSION CONSUMER PROTECTION NOTICE

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