Sec. 161.237.  EXEMPTION FROM CERTAIN REAL ESTATE TRANSACTION LAWS.  (a)  Unless the statute specifically states that the statute applies to the board, the following statutes do not apply to the board:
(1)  a statute that would require the board to provide a notice or disclosure to a buyer of real property; and
(2)  a statute relating to the sale, purchase, or financing of real property by an executory contract, including a contract for deed or other similar sale.
(b)  This section does not affect the application of a statute described by Subsection (a)(2) to a party involved in a transaction with the board.
Added by Acts 2007, 80th Leg., R.S., Ch. 234 (H.B. 1853), Sec. 3, eff. May 25, 2007.