Tag Archives: Legal

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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Can my unlicensed assistant unlock the door for potential buyers if I’m running late?

No. TREC Rule 535.4(c) states that a person must be licensed as a broker or sales agent to show a property. “Show” includes causing or permitting a property to be viewed by a prospective buyer or tenant, unlocking or providing … Continue reading

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Stay away from antitrust issues

Though the real estate industry is built on cooperation, it’s possible to go too far. See if you know how to avoid potential antitrust violations by taking the quiz below.

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What do you think of these proposed new and revised forms?

The residential and property management forms task forces, led by your fellow REALTORS®, have been working with the Texas Association of REALTORS® Legal Department to update forms and create new ones. Revisions have been proposed for the following forms: View … Continue reading

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Can a landlord require a photo ID with rental applications?

The landlord for the property I manage wants all potential tenants to submit a photo ID with their lease application. Can I require that? Yes, but you should only use an applicant’s photo ID to verify his or her identity … Continue reading

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Deadline for DMCA online registration is coming

If you used a paper form to register a Digital Millennium Copyright Act (DMCA) designated agent for your website, you must re-register online by December 31 to maintain your “safe harbor” defense. Not sure what any of this means? Read … Continue reading

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