HUD Looks to Eliminate Regulatory Barriers to Affordable Housing
The Department of Housing and Urban Development published a request for information to dig into how regulations could be creating barriers to affordable housing. The RFI is seeking public comment on federal, state, local and tribal laws, regulations, land use requirements and administrative practices that raise the cost of affordable housing and contribute to housing […]
Tips for Winterizing Your Home
Winter is coming! See below for a list of top tips for winterizing your home. CHECK THE EXTERIOR, DOORS AND WINDOWS Inspect exterior for crevice cracks and exposed entry points around pipes; seal them. Use weather stripping around doors to prevent cold air from entering the home and caulk windows. Replace cracked glass in windows […]
Important Compliance Update from TREC
Realtors Subject to New TREC Rules Prohibiting Pay-to-Play Programs Reminder: RESPA, P-53 and Anti-Rebating Statutes Remain in Effect for Title Agents and Are Enforced The Texas Real Estate Commission (TREC) recently amended their rules related to rebates and specifically highlighted the prohibition of pay-to-play arrangements in the real estate marketplace. TREC said their amended rules are intended to strengthen settlement service provider independence […]
Does Extending the Closing Date Extend a Contingency Date?
Below, please find helpful information that was posted on TexasRealEstate.com. October 30, 2019 | Texas REALTORS® Staff Members have called regarding situations where a contract is signed with an attached Addendum for Sale of Other Property by Buyer (TXR 1908) and the buyer will not obtain proceeds from the sale of her other home by […]
Texas Home Sales Continue To Increase In 3rd Quarter
Texas home sales increased 6.4%—to 100,733 sales in the third quarter of 2019—compared to the same period last year, according to the 2019 Q3 Texas Quarterly Housing Report released today by Texas REALTORS®. The statewide median home price for the quarter also increased to $245,000, a 4.3% increase over the third quarter of 2018. Of […]
Can Your Unlicensed Assistant Do That? – TexasRealtors.com
https://youtu.be/coILt05nwtw Along with setting rules for licensees, the Texas Real Estate Commission also governs what your unlicensed assistants can do on your behalf. The latest Texas REALTORS® legal explainer video tests your knowledge of what tasks your unlicensed assistant can handle and what you as the licensee need to take care of yourself. Source: www.texasrealtors.com
After Closing Reminders For Sellers
Your house has sold and the deal is closed. Now what do you do? Here are some reminders for you as the seller: Cancel your homeowners insurance with your insurance agent once the transaction has closed, funded and your personal items have been removed from the home. There may be a prorated refund of your […]
Updated Seller’s Disclosure Notice Effective September 1st
The Texas Real Estate Commission has released an updated Seller’s Disclosure Notice for mandatory use Sept. 1. It’s available for voluntary use immediately. As of Sept. 1, 2019, the new Seller’s Disclosure Notice has questions in paragraphs 6, 7 and 8 relative to floodplains, and includes definitions of the various categories according to FEMA. In […]
Effective September 1, 2019: Texas Title Rate and Rule Revisions
Please note that beginning September 1, 2019, there will be a change to the basic premium rate for title insurance including an overall adjustment of -4.9 percent. Changes made in 2019 affect 2020 Texas title rates. The Texas Commissioner of Insurance has issued an order adjusting the basic premium rate for title insurance and amending […]
14 First-Time Homebuyer Mistakes To Avoid
Here is some great advice for the first-time homebuyer. Buying your first home comes with many big decisions, and it can be as scary as it is exciting. It’s easy to get swept up in the whirlwind of home shopping and make mistakes that could leave you with buyer’s remorse later. If this is your […]
