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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.
Category Archives: Legal
Many tenants believe that landlords are responsible for paying the cost of all repairs, but tenants must foot the bill in some instances. Paragraph 18D(2) of the TAR Residential Lease specifies the circumstances where the tenant is responsible for the cost of … Continue reading
If you and another REALTOR® disagree about who earned the commission in a sale, the decision of an arbitration panel will turn on which REALTOR® was the procuring cause for the sale. NAR defines procuring cause as “the uninterrupted series … Continue reading
The Texas Real Estate Commission met on Monday and adopted amendments to existing rules and proposed several more. View the meeting materials packet, which provides more details about all the changes, on TREC’s website. Here’s a breakdown of the adoption … Continue reading
The termination option in Paragraph 23 of the One to Four Family Residential Contract (Resale) can be a useful safety net for you clients. It’s also a source of potential confusion and generates a number of calls to the TAR … Continue reading
Whose contact information should be written in Paragraph 21 of TREC contracts to receive notices? There isn’t one correct answer to that question. However, you could consider using the buyers’ and sellers’ contact information. Why? Because time is of the … Continue reading
If you, your clients, or agents in your brokerage have been targeted in a wire fraud scam, Texas Association of REALTORS® staff members want to hear from you. Send an email to firstname.lastname@example.org so TAR can continue developing resources that … Continue reading
What happens when a buyer doesn’t pay the earnest money and/or termination option fee in a residential contract? If the contract has been properly executed by all parties, there is still a binding contract even when the buyer hasn’t deposited … Continue reading