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Using Powers of Attorney in Real Estate Transactions

Powers of attorney are used frequently in real estate transactions. However, there is a general lack of understanding of the proper use of powers of attorney which often results in attempts to use them incorrectly or improperly. This can result in delays in closing and much angst and frayed nerves. …

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ACTRIS Bulletin Fourth Quarter 2007

Read the ACTRIS Bulletin Fourth Quarter 2007 to learn about how the MLXchange transition is postponed, tips for a smooth transition to MLXchange, advice on understanding estimated taxes in Realist, and more.

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Issues to Consider in Negotiating Rights of First Refusal

A right of first refusal (“RFR”) to purchase property is, in essence, an option to purchase property which is triggered by some event, usually the receipt by the owner of the property of an acceptable, bona fide third party offer to purchase the property. The terms of a purchase under …

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October 2007 Market Report: Central Texas Home Sales Sluggish in October

Single family home sales saw a decline in October, according to the latest Multiple Listing Service (MLS) report from the Austin Board of REALTORS®. Year-to-date home sales for October mark a six percent decrease from one year ago. October’s 1,772 home sales represent a 15 percent decline from 2006. The …

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