News You Can Use 06.03.2024

Central Hill Country Board of REALTORS®

NEWS YOU CAN USE - June 3, 2024

Affiliate members, please call 830.997.4758 to register.

Speaker: JIM MIKULA, Fredericksburg Chamber of Commerce President & CEO

***2024 CHCBR SCHOLARSHIP WINNERS RECOGNIZED***

NAR

WHEN WILL THE PRACTICE CHANGES FOLLOWING NAR'S PROPOED SETTLEMENT AGREEMENT TAKE EFFECT?... On Aug. 17, NAR's mandatory MLS policy changes, which implement the settlement's required practice changes, will take effect. The settlement requires NAR to implement the practice changes no later than the date of class notice. Aug. 17 is the earliest date of class notice.

Additionally, to comply with NAR's mandatory national MLS policies, REALTOR® MLSs must implement the practice changes by Aug. 17. Get more facts about NAR's proposed settlement agreement at facts.realtor . SUMMARY OF POLICY CHANGES

MULTIPLE LISTING SERVICE

DATA INTEGRITY.... Maintaining data integrity is crucial in any database system, especially in the real estate industry where accuracy is paramount. Adhering to CHCBR MLS Rules & Regulations helps ensure that the data remains accurate and reliable for real estate professionals and consumers alike. By following these rules and regulations, CHCBR MLS can provide a trustworthy platform that benefits everyone involved in the real estate market, from agents and appraisers to buyers and sellers. Find out how you can do your part HERE.

TEXAS REALTORS®

TEXAS REALTORS® WEBSITE TO USE NAR LOGIN.... When logging in to Texas REALTORS®' website, texasrealestate.com, you now use your NAR login credentials.

TEXAS REALTORS®' DISASTER RELIEF FUND.... Your fellow Texans are suffering.

Wildfires, flooding, tornadoes, and other severe weather have recently affected many parts of Texas. You can help them recover. Donate to the Texas REALTORS® Disaster Relief Fund for Texans. 100% of the funds collected will go to help Texans affected by these and other natural disasters. DONATE HERE.

CHANGES IN LEASING & PROPERTY MANAGEMENT FORMS ADOPTED.... The Texas REALTORS® Legal Department, with input from the Leasing and Property Management Forms Task Force, adopted changes to several Texas REALTORS® forms, adopted new forms, and removed forms. Learn more HERE

TEXAS REALTORS® UPDATES FORMS LIBRARY.... Texas REALTORS® is updating its forms library in light of the NAR settlement. Revised and new forms will be available June 24. These updates will ensure you comply with MLS policy changes when using Texas REALTORS® forms, increase transparency and clarity regarding broker compensation, and provide flexibility for use with various business and compensation models. MORE

TREC

SUMMARY OF MAY TREC MEETING.... No new rules were adopted, but important items were discussed, including: BROKER SUCCESSION & POSSIBLE FORMS CHANGES.

The agenda and materials for the full meeting are available HERE

THE FUTURE OF WHAT IT TAKES TO BE A BROKER....Texas Broker Responsibility Advisory Committee (BRAC) Meeting Recap HERE.

WATCH OUT FOR RENTAL FRAUD SCAMS IN TEXAS.... They are still happening: Real estate leasing scams continue to pose a threat to property owners in Texas, prompting TREC to issue warnings. Read more HERE.

HOA INFORMATION AND SEARCH TOOL.... HERE.

MISSION STATEMENT:

The Central Hill Country Board of REALTORS® protects private property rights and serves its members by providing valuable services which promote professionalism and ethical standards.