The bill, H.B. No. 1524, amends the Texas Fair Housing Act by introducing new definitions to enhance clarity and enforceability. Specifically, it adds a new definition for "bona fide offer," which is described as an offer made in good faith without deceitful motives and that is legally binding on the parties involved. This definition also encompasses lump sum offers and earnest money deposits. Additionally, the definition of "dwelling" is updated to specify that it includes any structure intended for residential occupancy that has received a certificate of occupancy, along with vacant land offered for sale or lease for the construction of such a structure.

These changes aim to provide clearer guidelines for real estate transactions and housing practices in Texas, ensuring that both buyers and sellers have a mutual understanding of what constitutes a legitimate offer and the criteria for a dwelling. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Property Code 301.003 (Property Code 301)