Category Archives: Legal

Fact or fiction? Your social media accounts must link to consumer notices

Fact or fiction? If you use your social media accounts for real estate business, the Texas Real Estate Commission requires you to have a link from those accounts to the Consumer Protection Notice and the Information About Brokerage Services notice. Fact. TREC … Continue reading

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Updates to residential and property management forms now online

The Texas Association of REALTORS® residential and property management forms task forces in December proposed updated forms and new forms. After feedback from members like you, the below revised and new forms have been adopted. These association forms have been … Continue reading

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TREC clarifies exceptions to mandatory use of contract forms

In November, the Texas Real Estate Commission adopted changes to Section 537.11 of its rules, Use of Standard Contract Forms, which takes effect May 15. Here’s what the changes mean for you.  When a license holder is negotiating contracts for the … Continue reading

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1 of these 2 words must be in your team name starting May 15

The Texas Real Estate Commission’s revised advertising rules go into effect May 15, and that means new requirements for team names. The latest Texas REALTOR® Magazine Minute covers what words must be included in a team name and what’s prohibited. Read … Continue reading

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What brokers should know about branch-office licenses

I sponsor several agents who work out of their homes. I have a license for the main office, but another broker told me that I’m required to also have a branch-office license for every agent’s home. Is that true? It … Continue reading

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From the Hotline: When the seller wants to accept a second offer

Members sometimes call the hotline when a seller is under contract but wants to accept a second offer that is higher. However, accepting the second offer is problematic. Doing so can bind the seller to two contracts to sell his … Continue reading

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Are REALTORS® required to disclose prior flooding from a property condition to potential tenants?

When you’re marketing a property for lease that had previous flooding from a property condition, REALTORS® should consider the Code of Ethics. Keep in mind that Article 2 says REALTORS® should avoid exaggeration, misrepresentation, or concealment of pertinent facts relating … Continue reading

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