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The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
If the buy-side agent no longer is paid from the listing commission, then that means the buyer is responsible for paying their agent directly — a sum that would average about $10,000, based on a ...
The residential real estate industry in Texas is unique in that the real estate sales contract forms used in most transactions in the state are developed through a state agency, the Texas Real Estate Commission (TREC). TREC's Broker-Lawyer Committee develops standard contract forms and addenda which are promulgated by the Commission.
(So, for a 5 percent commission, each agent would earn 2.5 percent.) On a $400,000 transaction, which is around the median sale price nationwide , the 5 percent fee amounts to $20,000.
The Toronto Regional Real Estate Board ( TRREB ), formerly the Toronto Real Estate Board ( TREB ), is a non-profit professional association of registered real estate brokers and salespeople in and about the Greater Toronto Area. [1] TRREB's Toronto office is located at 1400 Don Mills Road. [2]
Tennessee was admitted to the Union on June 1, 1796. Its United States Senate seats were declared vacant in March 1862 owing to its secession from the Union. They were again filled from July 1866. Tennessee's current senators are Republicans Marsha Blackburn and Bill Hagerty. Kenneth McKellar was Tennessee's longest-serving senator (1917–1953).
A 5 percent real estate commission on that price would come to $12,500. But in San Francisco, where the median was a considerably higher $1.37 million, a 5 percent commission would come to $68,500.
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