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Updates to TREC forms and explanations of what the changes mean
The Texas Real Estate Commission adopted two new forms and revised six others at its February meeting. Use of these forms is voluntary...
Ernest Enriquez
Mar 5, 20181 min read
What you should know about advertising your team
The Texas Real Estate Commission in November revised its advertising rules, which go into effect May 15. The January/February issue of...
Ernest Enriquez
Feb 26, 20181 min read
TREC reconsiders restricting term “realty” in team advertising
The Texas Real Estate Commission is now publicizing that it intends to propose a change to recently adopted advertising rules. The...
Ernest Enriquez
Feb 22, 20181 min read
Fact or fiction? Your social media accounts must link to consumer notices
Fact or fiction? If you use your social media accounts for real estate business, the Texas Real Estate Commission requires you to have a...
Ernest Enriquez
Feb 20, 20181 min read
TREC clarifies exceptions to mandatory use of contract forms
In November, the Texas Real Estate Commission adopted changes to Section 537.11 of its rules, Use of Standard Contract Forms, which takes...
Ernest Enriquez
Feb 2, 20182 min read
1 of these 2 words must be in your team name starting May 15
The Texas Real Estate Commission’s revised advertising rules go into effect May 15, and that means new requirements for team names. The...
Ernest Enriquez
Jan 31, 20181 min read
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...
Ernest Enriquez
Jan 29, 20181 min read
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...
Ernest Enriquez
Jan 16, 20181 min read
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...
Ernest Enriquez
Jan 15, 20181 min read
Hiring someone for drone photography and videography? Ask if they’re insured.
If a drone you were using in conjunction with your real estate business does damage that results in a lawsuit, the plaintiff will...
Ernest Enriquez
Jan 12, 20181 min read
Do you have to be a member of a board to access its MLS?
I’m a principal REALTOR® member of my local board, but I also want access to MLS services from a neighboring board. Do I need to become a...
Ernest Enriquez
Jan 11, 20181 min read
Does a landlord waive other rights by willingly accepting late rent payments?
The Texas Supreme Court recently decided that a landlord still maintains the right to evict a tenant even if that tenant paid rent late...
Ernest Enriquez
Jan 10, 20182 min read
When can buyers exercise their termination option in a backup contract?
If your buyers have a backup contract with a termination option, Paragraph D of the Addendum for “Back-Up” Contract (TAR 1909, TREC 11-7)...
Ernest Enriquez
Jan 8, 20181 min read
Does granting a commercial buyer’s feasibility study period and inspection rights obligate a seller
My client submitted an offer for a commercial property using the Commercial Contract—Improved Property (TAR 1801) with a request for a...
Ernest Enriquez
Jan 3, 20181 min read
How to reference mineral and royalty interests in TREC forms
How are mineral and royalty interests addressed in the TREC contract forms and the TAR commercial contract forms? The TREC residential...
Ernest Enriquez
Dec 27, 20171 min read
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...
Ernest Enriquez
Dec 22, 20171 min read
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 REALTORS® Legal...
Ernest Enriquez
Dec 21, 20171 min read
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?...
Ernest Enriquez
Dec 18, 20171 min read
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...
Ernest Enriquez
Dec 15, 20171 min read
What’s the difference between the Buyer Approval and Property Approval paragraphs?
What’s the difference between the Buyer Approval and Property Approval paragraphs in the Third Party Financing Addendum (TAR 1901)? If a...
Ernest Enriquez
Dec 12, 20171 min read
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