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Ernest Enriquez
Aug 27, 20231 min read
Can You Collect Fees From Both Parties in a Transaction?
Yes, but The Real Estate License Act states that, as a license holder, you may only receive compensation from more than one party in a...
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Ernest Enriquez
Aug 17, 20231 min read
When Should the Option Fee Be Released to the Seller?
We often get asked about when the option fee should be released to the seller when using the One to Four Family Residential Contract...
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Ernest Enriquez
Aug 10, 20231 min read
Reduce Risk in Your Business
Earning the Texas Risk Reduction Specialist certification will help you identify—and avoid—potential liabilities in your transactions....
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Ernest Enriquez
Aug 1, 20231 min read
A New Threat to Your Business and Clients
Want to keep you and your clients safe from fraud? Register for the August 8 webinar where you’ll learn about the increasing threat of...
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Ernest Enriquez
Jul 27, 20231 min read
Understanding Fractions of Mineral Ownership
When does 1/2 of 1/8 not equal 1/16? This isn’t a trick question; it’s the subject of a recent Texas Supreme Court ruling that explores...
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Ernest Enriquez
Jul 23, 20232 min read
Legal FAQ: MUD and Buyer Special Notices
I’ve heard that a seller whose home is located in a municipal utility district, or MUD, is required to give a buyer special notices. What...
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Ernest Enriquez
Jul 16, 20231 min read
What Is a Variable-Rate Commission?
The REALTOR® Code of Ethics defines a variable-rate commission arrangement as a listing in which one amount of commission is payable if...
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Ernest Enriquez
Jul 13, 20232 min read
Practice Real Estate, Not Law
You may think you’re just being helpful, but if you’re not careful, your advice could fall outside the scope of your real estate license....
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Ernest Enriquez
Jul 6, 20231 min read
Fact or Fiction: Spending Limit on a Closing Gift?
A closing gift you give to a client must not exceed $50 in value. Fiction. There is no Texas Real Estate Commission rule restricting the...
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Ernest Enriquez
Jun 29, 20231 min read
Legal FAQ: How Quickly Must You Remove a Listing?
The Real Estate License Act, TREC rules, and NAR’s Code of Ethics prohibit any misleading or false advertisements. TREC Rule 535.155 (d)...
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Ernest Enriquez
Jun 8, 20231 min read
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 assistance from the Texas REALTORS® Legal...
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Ernest Enriquez
May 30, 20231 min read
What You Can’t Say About Your Commissions
In my marketing and when talking to prospective clients, I say that I charge the standard commission for my city. Is that OK? No. There...
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Ernest Enriquez
May 25, 20231 min read
Fact or Fiction: Must I report sales prices to the MLS?
Since Texas is a non-disclosure state, a listing broker does not have to report a client’s sales price to the MLS. Fiction. MLS rules...
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Ernest Enriquez
May 21, 20231 min read
Can a Contract Be Terminated Over Proposed Amendments?
No. Even though a buyer or seller can propose an amendment to the contract at any time, merely proposing an amendment to a contract–or...
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Ernest Enriquez
May 16, 20231 min read
Can You Sell a Manufactured Home Without a License?
I’m a licensed real estate sales agent, and I’m working with a client who wants to sell his manufactured home. Do I need to be licensed...
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Ernest Enriquez
Apr 27, 20231 min read
NAR Asks FHFA to Reconsider Changes to Fees
In January 2023, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to change their loan level pricing...
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Ernest Enriquez
Apr 25, 20231 min read
Understanding the Texas Uniform Condominium Act
Did you know that your clients can be forced to sell their condominium because other unit owners agree to sell the condominium building?...
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Ernest Enriquez
Apr 18, 20231 min read
How to Prevent Disability Discrimination and Promote Fair Housing
Allegations of disability discrimination were more than half of all fair housing complaints in 2021, mostly because such discrimination...
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Ernest Enriquez
Apr 16, 20233 min read
Fair Housing and Tenants’ Requests
The federal Fair Housing Act allows tenants with disabilities to request changes to the structures of their premises and the rules that...
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Ernest Enriquez
Mar 28, 20231 min read
What Does My Client Do With These Checkboxes?
The Texas Real Estate Commission in November 2022 added checkboxes to the Seller’s Disclosures paragraph of the Unimproved Property...
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