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House Bill 3: A New Texas Business Tax

The Texas Legislature passed and Governor Perry signed House Bill 3 (HB3) in May 2006. This bill changed the existing Texas franchise tax by expanding the number of businesses that are subject to the tax and basing the tax on revenue rather than on profits and capital. Read House Bill 3: …

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Representing Buyers in Custom Construction Transactions

New home construction transactions fall into two basic categories: the purchase of what is commonly called a “spec house” from a builder or the construction of a home on property owned by your client. The latter is commonly referred to as “custom construction.”  Read Representing Buyers in Custom Construction Transactions to …

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Survey Issues with New TREC Contract Forms

The contract forms promulgated by the Texas Real Estate Commission (TREC), which became mandatory for use on May 1, 2006, contain several changes relating to surveys. Paragraph 6C(1) of these forms seems to be causing some confusion among REALTORS®. Don't be confused--read Survey Issues with New TREC Contract Forms to stay …

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