Which best describes the Texas Property Code?

The Texas Property Code is fundamentally a comprehensive set of legislation that governs real estate transactions within the state of Texas. It encompasses a wide range of legal provisions that outline the rights and responsibilities of parties involved in real estate dealings, including purchases, leases, and sales of both residential and commercial properties. This code serves to standardize and clarify legal expectations for all parties, ensuring that transactions comply with state laws.

While it is true that Texas real estate laws may also touch on aspects related to residential and commercial properties, the defining feature of the Texas Property Code is its overarching role in regulating real estate transactions specifically. It is distinct from tax laws, which may come into play regarding property ownership but are not a primary focus of the Property Code. Thus, this choice accurately captures the essence of the Texas Property Code as it relates to real estate.