How Does the Addendum for "Back-up" Contract Work?

Some buyers may not know what happens after signing a backup contract on a property. The Addendum fo...

Who Decides Ownership of Water Rights in Texas?

On March 24, the Texas Supreme Court will hear oral arguments in a case posing the question of who d...

Earnest Money and Terminating a Contract

My buyer clients and the sellers agreed to and signed a contract on a property. However, my clients ...

Understanding the Request for Mortgage Information Form

Your seller clients may use the Request for Mortgage Information (TXR 1413) when asking lienholders ...

When Contract Deadlines Fall on Holidays

When calculating deadlines, TREC and Texas REALTORS® contracts use calendar days, not business days...

Fact or Fiction: Do Inspectors Have to Determine the Presence of Mold?

A real estate inspector is not required to determine the presence or risk of mold. Fact. The Texa...

New Texas REALTORS® Form: Addendum Regarding Rental Flood Disclosure

During the 87th Texas Legislature, a change in law passed that requires landlords to give notice to ...

Being Sued? The Legal Fund May Provide Financial Help

REALTORS® who have been sued or need to bring legal action may receive financial or other legal ass...

From the Legal Hotline: Must You Include the Designated Broker’s Name in Advertisements?

Agents who are sponsored by business entity brokerages have called to ask if they must include the d...

Do You Know the Rules for Coming Soon Listings?

You may call them coming-soon listings, pocket listings, or something else, but many in the real est...

Do You Know These Exceptions to the $10,000 Cap on Deductions?

The 2017 Tax Cuts and Jobs Act included a controversial change: a $10,000 cap on an individual's ite...

Where to Send the Fee to Extend the Termination Option

Although the initial option fee should be sent to the title company, the fee to extend the terminati...

How Solar Panels Affect Transactions

Judy Jones listed a property with solar panels in Kennadale for a seller who had to move out of stat...

From the Legal Hotline: Don’t Get Creative When Using Forms

This hot market is leading to members getting creative with using forms. Remember that TREC Rule 537...

Fact or Fiction: Do Buyers Need a Reason For Using the Termination Option?

Buyers do not have to give a reason for terminating a contract under the termination option. Fact...

Answers to Your Questions About the Third Party and Appraisal Addenda

The hot seller’s market in Texas has created confusing situations involving financing and appraisa...

Lenders Can Shorten Temporary Leases

Congratulations! Your seller clients have sold their home, and the buyers are ready to take possessi...

What Fees are Covered in Paragraph C of HOA Addendum?

Association fees, deposits for reserves, and all other charges associated with transfer of a propert...

Will Home Warranties Cover Pre-Existing Conditions?

Will a residential service contract (sometimes referred to as a home warranty) cover known pre-exist...

Don’t Get Stumped on Tree Laws

If a tree crosses a property boundary in the state of Texas, whose responsibility is it: your client...