An article from the May issue of the magazine explained what agents should know in the event their broker passes away. But a key takeaway from the article was actually for brokers: Make sure your brokerage has a succession plan in place. Warren Ivey agreed, and recommends brokers who want to learn more attend the Texas REALTORS® Conference in San Antonio on September 8.
“If you’ve ever thought about the next chapter of your career, you won’t want to miss the session on real-estate-brokerage succession planning,” Ivey said. “Real estate attorney Rick Albers and broker Mike Mengden will discuss legal and business details to consider before selling or transferring your business. Thank you TAR for staying a step ahead.”
A blog post about TREC’s proposed draft for a new release of earnest money form garnered a lot of discussion about whether it’s worthwhile. While the Texas REALTORS® doesn’t oppose a TREC release of earnest money form, it does advocate for continued use of its form, or TREC adopting the TAR form’s language. More than 60 commenters, including Tom Allen and Claude Humbert, agreed with TAR’s position. “If TREC wants to have a form available for use by everybody, they should use the TAR form which has been used obviously successfully for 20 years,” said Humbert. The public comment period for the form closed last month, but you can always contact email@example.com when you have feedback about TREC forms.
In a poll, we asked Texas REALTORS® if smart-home technology attracts buyers. Eighteen percent of respondents say smart-home tech is very important, 37% say it’s somewhat important, and 45% say it’s not important. Susan Patterson said she’d rather buyers decide what type of smart-home technology they want, because she’s seen how built-in smart-home features become obsolete. “A couple of years back, iPhone and iPod docks were being built in the walls,” she said. “Apple changed the connector, making them look outdated as opposed to being cool tech. Prospective buyers become distracted by trying to figure out how to remove or update. Anyone have buyers who laugh at those retro, huge, all-house intercoms with the built-in AM/FM stereo and cassette deck?”