Several changes to Texas state laws that affect real estate professionals, property owners, and tenants went into effect Jan. 1, 2012.Â If you live in Texas, you may want to know about them.
1.Â Real Estate Brokers Licence - if you are a Realtor who is currently planning to get your Brokers License, you need to know that the qualifications have changed.Â There are new education requirements as well as experience requirements.Â To find out more, visit www.texasrealtors.com.
2.Â Title Policies in Texas - if you are a home buyer or a home seller in Texas, you may want to know that the rules about title insurance have changed...specifically regarding mineral rights.Â To find out more about how this may affect you, check with the Texas Department of Insurance at 1-800-252-3439 or www.tdi.state.tx.us.
3.Â HOA Resale Certificates - if you are a home buyer in Texas, and you plan to purchase a home that belongs to a mandatory home owner association (HOA), you will have the ability to order a resale certificate directly from the HOA company (or you can have your title company order it for you).Â A copy of the purchase contract will beÂ required. Â All resale certificates will be good for 60-days, but can be updated if necessary.Â Previously it was customary for a home seller to pay for the resale certificate, but after January 1, 2012 the buyer will be responsible for this fee.
There are several other changes to our industry that have occured recently.Â For more information, please feel free to email me and I would be happy to send you a copy of an article outlining all of these important changes.
Have a happy & blessed 2012!
The North Texas Top Team Realtors serves the communities surrounding Plano ISD, Wylie ISD, and Lovejoy ISD.Â For more information about living in Plano, Murphy, Wylie, Sachse, Parker, Lucas, Princeton, Farmersville, McKinney,Â and the surrounding areas, check out our website at:Â http://www.NorthTexasTopTeam.com.Â You may also want to follow me on Twitter, Facebook, LinkedIn, and Active Rain.Â Our professional real estate agents live here and work here, and we are here to serve our communities.