Hello fellow REALTORS® and Affiliate members!
As the weather cools, and we begin to take our fall wardrobes out of storage, I would like to ask all of you to keep in mind the impact you are having on your community. The REALTOR® family can play a vital role in the community, and it is up to each of us to make sure we do our part.
Presently, we are heading into our busiest time of year. Not only are we making sure our children have everything they need to begin the school year off right, we are responsible for making sure our board bylaws are up to date with the needs of our members; for electing and installing strong new leadership to spearhead the work we’ll do in the year to come; and connecting with our communities to make sure the Texas REALTORS® are first and foremost in the minds of the citizens for their real estate needs. So, pull on your work boots and let’s get to it.
Below are some of the highlights of our industry:
We are happy to welcome Kinski Moss,
the new Director of Board Services for the Texas Association of REALTORS®. Kinski will join Nicci in providing support and outstanding service to the MBM Boards. She has been with the Association for 8 years and was formerly the Deputy General Counsel for the Texas Association of REALTORS®. Kinski is a native Texan, originally from El Paso, Texas. She enjoys spending time with her family and her (now-walking) 15-month-old daughter, Harper.
From Advice for Texas REALTORS® - How to Extend an Option Period
It’s the last day of my buyer’s option period. The buyer and seller are still negotiating repairs and want to extend the option period.
Q: How do we do that?
A: Use TREC’s Amendment to the contract (TAR 1903, TREC 39-8) and fill in an amount acceptable to both parties in Paragraph 6. There must be an amount included in Paragraph 6. For instance, putting “$0” in the blank may risk the extension being held unenforceable.
Visit Advice for REALTORS® at TexasRealEstate.com to see the full article.
Leslie Rouda Smith
Announces Candidacy for NAR 2020 First Vice President
Texas Association of REALTORS® 2016 Chairman Leslie Rouda Smith knows this is a pivotal time for real estate. She believes our association cannot settle for reacting to change—we must be the force creating it.
She wants to lead the National Association of REALTORS® and has launched her campaign for NAR 2020 first vice president.
Visit lesliefornar.com to:
- Get to know Leslie Rouda Smith
- Learn about her experience serving the REALTOR® organization
- See her vision for the National Association of REALTORS®
- Listen to REALTORS® across the country who have endorsed her
TAR will hold a campaign reception on Thursday, November 1 from 2-3:30PM during the NAR Annual Conference in Boston. Everyone is welcome to attend. Visit LeslieforNAR.com for more information on this event.
Brokers: The Broker Involvement Program is a quick and effective way to rally your agents on critical legislative issues affecting the real estate industry. By becoming involved in the program, your agents help us all to bring a strong and united REALTOR® voice to Capitol Hill, increase our calls for action responses, and best of all, it shows the rest of the U.S. the might of the Texas REALTOR®!
Don’t let your agents remain silent on the issues.
Make plans now to attend
REBarCamp Texas is coming to Austin on September 28. This unstructured conference is perfect for anyone interested in learning and sharing tips and tools about your business in a casual environment. Whether you've been a REALTOR® for 25 years or you just got your license last week, you're guaranteed to walk away with tips and tools you can apply to your business the next day. All it takes is $15 to secure your spot, which includes admission, lunch, and drinks at happy hour. Register now.
International home sales activity continues to be one of the strongest sectors in Texas real estate.
International homebuyers added $10.9 billion to the Texas economy from April 2017 to March 2018, according to the Texas International Homebuyers Report by the Texas Association of Realtors (TAR).
Texas ranked third in international home sales volume behind Florida and California. In 2017, the Lone Star State ranked second.
“International home sales activity continues to be one of the strongest sectors in Texas real estate, spurring strong growth in the Texas economy,” said TAR Chairman Kaki Lybbert. “Despite the slight drop in international homebuyers compared with the previous period, Texas remains an international hub and top destination for people from across the world to live, work, and conduct business.”
Texas accounted for 9 percent of all homes purchased by international homebuyers in the United States from April 2017 to March 2018, with 24,012 home sales out of 266,800 nationwide.
Six Texas metros are in the top 50 nationwide for immigration, according to the latest Yearbook of Immigration Statistics from the Department of Homeland Security. They are:
- No. 6 Houston-The Woodlands-Sugar Land;
- No. 8 Dallas-Fort Worth-Arlington;
- No. 26 Austin-Round Rock;
- No. 33 El Paso; and
- No. 48 McAllen-Edinburg-Mission