Tag Archives: Legal

Commission dispute? Here’s what you need to figure out

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

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Who should be the point of contact for notices?

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

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Has it happened to you? Tell us if you’ve been a victim of online scams

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 general.counsel@texasrealtors.com so TAR can continue developing resources that … Continue reading

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How well do you know your TAR forms?

There are 126 forms available exclusively to members of the Texas Association of REALTORS®. Take our true-or-false quiz about the proper use of TAR forms to test your knowledge and refresh your memory. Find explanations of the answers in the … Continue reading

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Who gets the security deposit if you don’t manage the property anymore?

As a property manager, I maintain a trust account for tenants’ security deposits. The landlord terminated our management agreement effective today, and a tenant in the property notified me that he wouldn’t be renewing his lease when it expires next … Continue reading

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TREC to emphasize enforcement of Information About Brokerage Services form rules

Is your IABS form filled out and posted to all your business websites? “We’re emphasizing IABS rules because far too many license holders are still not in compliance,” says Texas Real Estate Commission Chairman Avis Wukasch. “Also, now that the … Continue reading

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How to handle multiple offers

Help your client respond to multiple offers without making counteroffers with advice from this 45-second video. Then get more advice about multiple-offer situations in the July Texas REALTOR® magazine.  

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