Author: Administrator

ABoR: Inventory remains critically low for most price classes

AUSTIN, TX–The Austin-area housing market’s declining inventory and robust sales trends are creating an increasingly competitive housing market across all price classes, according to the latest Central Texas Housing Market Report from the Austin Board of REALTORS® (ABoR). “In the Austin-Round Rock MSA, price classes across the board are seeing an increase in demand with a decrease in inventory,” Steve Crorey, 2018 president of the Austin Board of REALTORS®, said. “While new listings are up year-over-year, homes are selling faster than they can be listed on the market. This has led to a smaller number of active listings and...

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TAR: Referral Fees to Unlicensed Individuals

From the Texas Association of Realtors An unlicensed person referred business to me. Can I pay him a fee in return? You may give an unlicensed person a non-cash gift worth $50 or less in exchange for a referral and not violate the The Real Estate License Act (TRELA) or Texas Real Estate Commission rules. According to TRELA, if a referral is made with the expectation of receiving valuable consideration, the person making the referral must be licensed under the act. Under Section 535.20 of TREC rules, gifts of merchandise having a value of $50 or less do not...

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Scam Notice from TREC!

TREC has been made aware of a scam requesting information from license holders. The request is sent by email by someone posing as the Texas Real Estate Commission and asks that information be provided to them and provides a link to follow (see example emails). Please disregard emails asking you to provide information to TREC, especially anything linking to a third party website.  If you have a question about a request for payment from TREC, you can contact us at: information@trec.texas.gov with “SCAM Notice” in the subject line. Below is an example of this SCAM Email: Robert Miller, Your payroll details need updating, please click below to start...

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ABoR: Central Texas housing market ends quarter with strong sales

Download Austin-Area Infographic AUSTIN, TX–The Austin housing market continues to show increased demand, with double-digit percent increases in sales in March 2018 according to the Austin Board of REALTORS® (ABoR). The Austin-Round Rock Metropolitan Statistical Area (MSA) experienced a 10.5 percent increase in sales compared to the same time last year, the March 2018 Central Texas Housing Market Report found. “Last month, 2,714 single-family homes were sold in the five-county Central Texas region, which is more sales than any March we’ve seen on record,” Steve Crorey, 2018 president of the Austin Board of REALTORS®, said. “This type of growth early in...

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Associates in Progress: Chicago Title

By Katie Agness Chicago Title provides title insurance and closing and settlement services for the commercial and residential real estate and mortgage industries. With roots dating back to 1847 as Chicago’s first land title abstract company, Chicago Title has evolved and grown over the course of its history. “By 1920, the scope of the company’s business extended beyond Chicago and soon reached beyond the state of Illinois,” says Charlie Valdes, president of Chicago Title Austin. “The company continued to grow nationally, and in 2000 Chicago Title merged with Fidelity National Financial, Inc., creating the pre-eminent company in the title...

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