All Forum Posts by: Account Closed

eXp Realty, LLC and Keller Williams both have revenue share models. Agents are compensated through revenue share intensives as they add additional agents to their down line.

Big Country Title is hands down the smoothest title company to work here in Abilene, Texas. 

@Eric James I would visit those brokerages around your area and ask the secretary how much walk-in business they receive. I used to be the first in - last out of the office to catch walk-in business and scoop up floor time when those agents didn't show up for duty. During those 8 months I only caught one walk in and it was on a Saturday when the doors were locked. 

Big Country Title - Misty Lowery 

Security Title - Val Smith 

These two have always had every answer to every question myself or my clients have had. They are very responsive and easy to work with. I am unable to provide contact information on this post so if you private message me I can give you their direct lines. 

Regards, 

Lisa Boyce

Chase Gamble

Krista Wilson

Between these three you shouldn't have a problem getting ALL of your bases covered... 

Just passed my State and National exam here in the great state of Texas yesterday. The #1 thing that helped me pass these tests was to actually go through the process of purchasing a primary residence, and asking the realtor questions along the way. Studying the contracts was another huge help. I printed the contracts and found YouTube videos of a Texas Broker who went line by line explaining them. 

The last piece of advice is to take your time and do not stress while taking the exams. I went back over each test three times cause I had so much remaining time. 

@Jason Hirko

As they say "Learning has occurred". And we are all coming out the other side wiser for it. 

@Jason Hirko

http://www.lonestarlandlaw.com/Seller-Disclosure.h...

Penalty

If the seller does not give the Seller’s Disclosure as required, Property Code section 5.008(f) permits the buyer to “terminate the contract for any reason within seven days after receiving the notice.” The statute does address the legal consequences of the seller never giving the Seller’s Disclosure at all. However, if the failure to give the notice is coupled with fraud or failure to disclose defects, then other laws and penalties may (and likely will) arise pursuant to the Deceptive Trade Practices Act and/or the Statutory Fraud Act (see below).

@Jim Adrian

https://www.epa.gov/lead/real-estate-disclosure#ag... reads as follows: 

Real estate agents must:

• Inform the seller of his or her obligations under the Real Estate Notification and Disclosure Rule. In addition, the agent is responsible if the seller or lessor fails to comply; unless the failure involves specific lead-based paint or lead-based paint hazard information that the seller or lessor did not disclose to the agent. Read the regulations that includes these requirements.
• Provide, as part of the contract process, an EPA-approved information pamphlet on identifying and controlling lead-based paint hazards titled Protect Your Family From Lead In Your Home (PDF). Attach to contract, or insert language in the contract, a "Lead Warning Statement" and confirmation that you have complied with all notification requirements.
  • Sample Seller’s Disclosure of Information English (PDF) and in Spanish (PDF)
• Provide a 10-day period to conduct a paint inspection or risk assessment for lead-based paint or lead-based paint hazards. Parties may mutually agree, in writing, to lengthen or shorten the time period for inspection. Homebuyers may waive this inspection opportunity.

Per the language, the agent should have provided the pamphlet and warning during the contract process, as opposed to sending me the pamphlet and warning two days after the contract and earnest money had been in the hands of the title company. 

@Anthony Gayden

I was born in Omaha, NE. I made the trip out last year and boy have some changes been made over the last twenty years! 

I was under the impression that the lead-based paint document would need to be produced and signed by the buyer prior to contact but according to my agent's broker, it does not. She is saying that as long as the seller wrote (NO) on the SDN that is good enough. 

One to four family residential contract (Resale) Form TREC NO. 20-13 reads the following - 

7. Property Condition: C. SELLER'S DISCLOSURE OF LEAD-BASED-PAINT AND LEAD-BASED PAINT HAZARDS is required by federal law for a residential dwelling constructed prior to 1978. 

There is an N marked next to lead-based paint in the seller disclosure notice.