Need a Change in Texas Law- Real Estate Agents Do Not have to disclose location of nearby drilling rigsSomervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

Need a Change in Texas Law- Real Estate Agents Do Not have to disclose location of nearby drilling rigs
 


30 March 2007 at 10:24:05 PM
salon

unless, maybe, they're next door. In any case, people are thinking now not just of mineral rights but also property values.

As for drilling, real estate agents don't always know the location of wells – nor are they obligated to collect and disclose that information, Mr. Morgan said.

"If I have a buyer who is looking for a house in a nice, quiet neighborhood and I know that a drilling rig will be creating a noisy disturbance next door 24 hours a day, I have to disclose that," he said. "But if a well is going to be drilled two miles away, a Realtor may not know that nor does he or she have to."

Experts recommend that anyone trying to buy or sell a house in an area targeted for drilling should consult a lawyer. The same is true when dealing with mineral leases.

How close might homes be to a gas well?

Mr. Hogan said he would like stronger laws to protect unsuspecting consumers from buying too close to wells. While serving on the Fort Worth task force, he said, he learned that some new homes will be built closer than the 600-foot buffer required by the city ordinance.


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Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








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