Which of the following statements is TRUE about the seller's disclosure notice?

The seller's disclosure notice in Texas is a crucial document that provides buyers with information about the condition of the property. The requirement that the notice must be accurate to the seller's best knowledge is grounded in the principle of good faith and fair dealing in real estate transactions. Sellers are obligated to disclose known material defects and issues concerning the property that could affect the buyer's decision. This ensures that the buyer can make an informed choice regarding the purchase.

While there are various rules surrounding the disclosures and their use, ensuring accuracy to the seller's best knowledge is paramount. A seller cannot knowingly provide false information; if they do, they could face legal consequences, such as claims for misrepresentation or fraud. Therefore, the statement emphasizing the necessity of accuracy in the seller's knowledge is true and reflects the seller's duty under Texas law.

The other statements do not accurately reflect the requirements: a licensed real estate agent is not required to complete the notice; a waiver does not provide a blanket removal of the disclosure obligation; and the disclosure notice is necessary regardless of the property's sale price, including those below $300,000. These aspects underscore the importance of the accurate completion of the seller's disclosure notice as a protective measure for both parties involved in the transaction.