|Q1:||What is TREPAC and why must I invest?|
|TREPAC is an acronym for Texas Real Estate Political Action Committee. All major associations and industries have political action committees. Elected officials and regulatory bodies are targets of severe lobbying on a daily basis to change public policy. Every legislative or regulatory change has a positive or negative affect on someone or some industry.
The real estate industry is one most heavily regulated industries in this country. It is essential that REALTORS® as a voluntary organized association be organized and be proactive to advise elected officials and influence public policy in order to protect private property rights, the real estate licensee, and the home buyer. A well-intentioned law can have unintended consequences on a REALTOR®.
Your minimum voluntary investment of $45 is one of the most effective ways to raise funds to support candidates, elected officials, and issues that promote the interests of the consumer and the REALTOR®. A voluntary $45 investment is on your annual ABoR dues billing. We call it an investment because you are investing in your profession, the principles of private property rights, and a market driven economy. Your investment finances political campaigns of endorsed candidates, advocacy programs, and activities that inform the public and the political leadership of who we are and how we are contributing to the community and the economy.
|Q2:||Does ABoR support a specific political party or agenda?|
|The short answer is no. The Austin Board of REALTORS®, as well as many REALTOR® organizations, is issue oriented and driven. We offer all political parties and candidates the opportunity to promote the REALTOR® agenda. ABoR supports candidates and legislation favorable to REALTORS®, homeowners, and the local economy. Partisan politics has no place for an association that exists to support its members in delivering the best products and services for a client to achieve the American dream.|
|Q3:||Why isn't ABoR more involved in certain issues important to me?|
|ABoR, just like the Texas Association of REALTORS® and the National Association of REALTORS®, monitors the political and economic environment for trends and issues that will have an impact on our profession and the home-buying public. We have limited resources and time so we examine issues that will benefit the entire membership and the consumer. The issues we choose usually will have a long-term impact on the profession as well as the consumer.|
|Q4:||What are the most recent changes to the ECAD ordinance?|
|As of May 2, 2011, agents must inform single-family home owners and potential buyers that ECAD audit results must be disclosed no later than three days prior to the end of the option period.|
|Q5:||If there is no option period, when should ECAD audit results be disclosed?|
|If there is no option period, audit results must be disclosed to a potential buyer before the sales contract is executed.|
|Q6:||Does the ECAD ordinance apply to townhouses?|
|Yes. The owner of the townhouse has control of the insulation, HVAC system and weatherization, which are the energy efficiency items the audit addresses.|
|Q7:||Does the ECAD ordinance apply to condominiums?|
|Yes. If the condominium is a stand-alone unit, whether or not it shares a common wall, it is considered a single-family residence because the unit has a separate HVAC system. Condominium structures with one to four units are subject to the single-family requirements as of May 2, 2011; those with five or more units are subject to the multifamily requirements in the ordinance.|
|Q8:||Where can I get a copy of the ECAD ordinance?|
|Download a copy of the ECAD ordinance here.|