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Bill

HB 622

Relating to mandatory sales price disclosure in commercial and industrial real property sales; providing a civil penalty.

89th Legislature (2025) Introduced by Diego Bernal

Texas bill mandates public disclosure of commercial and industrial property sale prices with civil penalties for non-compliance, increasing real estate market transparency.

Referred to Trade, Workforce & Economic Development
#attorneygeneral(v2811) #countygovernment--general(i0096) #courts--prosecutingattorneys(i0165) #economic&industrialdevelopment--general(i0214) #propertyinterests--realproperty(i0595)
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Bill Summary · HB 622

Legislative bill overview

HB 622 would require sellers of commercial and industrial real property in Texas to publicly disclose the sale price within a specified timeframe. The bill establishes civil penalties for non-compliance with these mandatory disclosure requirements.

Why is this important

Commercial real estate market transparency affects business investment decisions, economic development planning, and market valuation benchmarks. Currently, commercial property sales prices are often kept confidential, making it difficult for businesses, developers, and policymakers to understand true market conditions and comparable values.

Potential points of contention

  • Privacy concerns: Property owners may resist mandatory price disclosure as an invasion of business privacy and competitive information
  • Market impact uncertainty: Disclosure requirements could affect negotiating leverage and may disadvantage sellers or alter pricing strategies in ways stakeholders debate
  • Implementation complexity: Questions remain about enforcement mechanisms, timeframes for disclosure, exemptions for sensitive transactions, and which agencies handle penalties
  • Consistency with industry practice: Commercial real estate traditionally operates differently than residential markets, where MLS disclosure is standard—this represents a significant shift in norms

Compiled from official sources — confirm details with the bill’s official record.

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