How to Use Addendum Regarding Brokers' Fees (TXR 2406)
The new Addendum Regarding Brokers' Fees is used with TREC residential sales contracts (i.e., the On...
How To Use Residential Buyer/Tenant Representation Agreement–Short Form (TXR 1507)
The new Residential Buyer/Tenant Representation Agreement –Short Form is essentially two forms in ...
Additional Updates to Buyer Rep Agreement & Amendment
Texas REALTORS® this week modified provisions related to bonuses and other compensation in the Resi...
Can You Negotiate Commission With a Client Without Your Broker’s Knowledge?
No. Commission negotiations should occur only with a sales agent's broker’s knowledge and consent....
See Drafts of New & Updated Forms
To comply with NAR’s upcoming MLS rules changes, the Texas REALTORS® Legal Department and Residen...
Form Updates Due to NAR Settlement
Texas REALTORS® is updating its forms library in light of the NAR settlement. Revised and new forms...
Summary of May TREC Meeting
The Texas Real Estate Commission held its May meeting in Irving, attracting over 300 audience member...
What is Required of Buyers in a Transaction With Foreign Sellers?
The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) requires buyers in certain transact...
Your Lawsuit Questions Answered
The proposed NAR settlement has generated many questions from members of Texas REALTORS® about pote...
Litigation Update: Preliminary Approval by the Court, Action Required to Participate
Preliminary approval of the proposed settlement of the Sitzer/Burnett case was granted by the federa...
A SCOTUS Win For Property Rights
In November 2023, Texas REALTORS® joined the National Association of REALTORS® and American Proper...
Fair Housing Scenarios Relevant to Your Business
In a recent webinar, the Texas Workforce Commission Civil Rights Division discussed important fair h...
Examining the Settlement and Other Expenses Paragraph of TREC Contracts
The Settlement and Other Expenses Paragraph of TREC contracts contains a provision for the seller to...
What Goes in Your Office Privacy Policy?
The Residential Lease Application (TXR 2003) states that our company must make our office privacy po...
Selling a Condominium? Use This Form to Provide Information on It
Sellers of new condominiums may use the Condominium Information Statement (TXR 1934) to inform buyer...
What Information is Required in Your Advertisements?
All license holders’ advertisements must include the license holder’s name or team name. Ads als...
New Data-Privacy Law Will Apply to Some Real Estate Businesses
The Texas Data Privacy and Security Act, which goes into effect July 1, 2024, imposes restrictions o...
How Your Client Can Qualify for a Tax Exclusion
My client bought a home a few years ago. Now my client wants to sell it and take advantage of the ta...
Which Tenant Gets the Security Deposit?
Residential Lease (TXR 2001) When multiple tenants are listed on a lease, there can be confusion ...
Beware of Buyer "Love Letters"
Your clients fall in love with a home and want to send a letter saying how much the house will mean ...