Commission Estate Real Texas
DOJ/Antitrust: Comments
Texas Real Estate Commission ... Comments on Potential Unlicensed Practice of Law Opinion Regarding Real Estate Closing Activity (3/20/2003) ... Comments on Proposed Opinion Prohibiting Real Estate Closings By Non-Attorneys (09/10/1997) ... [Read More]
Real estate brokers and sales agents
Real estate agents usually are independent sales workers who provide their services to a licensed real estate broker on a contract basis. In return, the broker pays the agent a portion of the commission earned from the agent’s sale of the property. Brokers are independent businesspeople who sell real estate owned by others; they also may rent or manage properties for a fee. When selling real estate, brokers arrange for title searches and for meetings between buyers and sellers wherein details of the transactions are agreed upon and the new owners take possession of the property. A broker may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale. In some cases, brokers and agents assume primary responsibility for closing sales; in others, lawyers or lenders do so. Brokers supervise agents who may have many of the same job duties. Brokers also manage their own offices, advertise propert ... [Read More]
LITIGATION RELEASE NO. 16276 / September 10, 1999
The Commission announced that on September 9, 1999, Judge Jerry Buchmeyer, United States District Judge for the Northern District of Texas, granted the Commission's request for a preliminary injunction halting a fraudulent investment scheme targeting senior citizens that has been ongoing since 1992. The Commission's Complaint charges that approximately 100 elderly individuals were fleeced of some $2.5 million in the scheme. Under the guise of providing estate and financial planning services, the defendants solicited information about the senior citizens' assets and investments. Upon obtaining this information, the defendants encouraged the senior citizens to liquidate their legitimate investments, including bank certificates of deposit and other safe investments, and to invest the proceeds in phony promissory notes promising higher rates of return. In fact, according to the Commission's complaint, the issuers of the notes had no real business or did not exist and the defendants misapp ... [Read More]
Commission Actions for April 2005
Federal Trade Commission and United States Department of Justice Letter to Loretta R. DeHay, General Counsel, Texas Real Estate Commission, Commenting on Proposed Amendments to The Texas Administrative Code, Noting That Prohibiting Core Limited Service Brokerage Options Is Likely to Harm Texas Consumers By Reducing Their Choices and Likely Raising Prices Without Providing Any Countervailing Benefits (April 21, 2005) ( V050007 ) ... Federal Trade Commission, Plaintiff, v. Network Services Depot, Inc.; Network Marketing, LLC, dba Network Services Marketing; Net Depot, Inc.: Network Services Distribution, Inc.; Sunbelt Marketing, Inc.; Charles V. Castro; Elizabeth L. Castro; and Gregory High; Defendants; and Phyllis Watson, Relief Defendant., Federal Trade Commission, United States District Court, District of Nevada , FTC File No. 042-3188, Civil Action No. CVS 050440 LDGLRL ... [Read More]
Federal Trade Commission And Department of Justice Urge Texas Real Estate Commission to Continue To Allow Flexibility in Brokerage Services
The Federal Trade Commission and Department of Justice (DOJ) have issued a letter urging the state-created Texas Real Estate Commission to reject a proposed regulation that would change current rules by imposing new restrictions on the ability of Texas real estate professionals to offer flexibility in brokerage services. The agencies expressed concern that the proposed regulation would not only cause Texas consumers to pay more for real estate services, but also would reduce consumer choice by restricting the ability of real estate brokers to provide services tailored to customer needs. ... [Read More]
Kentucky Real Estate Commission
She is a broker with Star One Real Estate in Alexandria, Kentucky. She received her sales license in 1966 and her broker's license in 1971. Mrs. Teegarden has served as a Director of the Kentucky Association of REALTORS® and was REALTOR® of the Year in 1989. She currently serves on the Education and Standards and the Legal and Professional Conduct Committees and was a former Director of the Southern District of the Association of Real Estate License Law Officials. She was also the Commission's representative on the Agency Law Task Force. She lives in Alexandria with her husband Jay and they have three children and six grandchildren. ... [Read More]
#205: 04-21-05 DEPARTMENT OF JUSTICE AND FEDERAL TRADE COMMISSION URGE TEXAS REAL ESTATE COMMISSION TO CONTINUE TO ALLOW FLEXIBILITY IN BROKERAGE SERVICES
WASHINGTON, D.C. - The Department of Justice and the Federal Trade Commission (FTC) issued a joint letter urging the state-created Texas Real Estate Commission to reject a proposed regulation that would change current rules by imposing new restrictions on the ability of Texas real estate professionals to offer flexibility in brokerage services. The agencies expressed concern that the proposed regulation would not only cause Texas consumers to pay more for real estate services, but also would reduce consumer choice by restricting the ability of real estate brokers to provide services tailored to customer needs. ... [Read More]
Advocacy Fillings
Real Estate Closing Activity: Federal Trade Commission and Department of Justice Comments to The State Bar of Georgia About The Performance of Certain Real Estate Closing-Related Activities By Non-Lawyers ... Federal Trade Commission and United States Department of Justice Letter to The Honorable Matt Blunt, Governor of the State of Missouri, Opposing Missouri House Bill 174 Because It Likely Will Cause Some Missouri Home Sellers to Pay Higher Real Estate Commissions. (V050010) ... [Read More]
IREC Library Directory--Web Sites
An organization that works with local Boards/Associations of REALTORS® and the National Association of REALTORS® to serve our members by providing and promoting programs, products and services which enhance members' freedoms and ability to conduct their individual real estate related business with integrity, competency, and security and to promote and preserve private property rights. ... The Idaho Real Estate Commission is in no way endorsing the products or services on this ... [Read More]
Bio Diana Mclver
Diana McIver of Austin, Texas is owner and President of Diana McIver & Associates, Inc. (DMA), a real estate consulting firm specializing in providing assistance to nonprofit organizations that are developing affordable housing and special needs housing. DMA provides development and financial consulting services to a national clientele. Since 1979, DMA has assisted nonprofit housing developers in 41 states obtain more than $600 million in funding commitments for affordable housing designed to serve low-income families, the elderly, and persons with disabilities primarily through federal and state grants, loans, and mortgage insurance programs. Ms. McIver also owns DMA Development Company, LLC, a real estate development company she founded in 1998 for the purpose of developing affordable housing under the Low-Income Housing Tax Credit program. DMA Development Company specializes in meeting housing needs in rural areas and has successfully completed construction on three affordable famil ... [Read More]
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