Tuesday, October 28, 2014

Who Can Sell Your House for You

According to The Real Estate License Act, only an owner or a licensed broker can sell residential property with few exceptions (see exemptions below).

A gentleman to whom I was showing a house told me he was going to sell his aunt's house for her. Selling property for a relative or a friend requires a real estate license - http://www.dumanlaw.com/newscol/reallic.html

"Practicing real estate without an active license is a criminal offense, specifically, a Class A misdemeanor punishable by confinement of up to one year in a county jail and a fine of up to $4,000.00. [TRELA §1101.756] TREC can also pursue administrative penalties not to exceed $5,000 for each violation. Each day a violation continues can be considered a separate violation for imposition of the administrative penalties.
[§1101.702 of the License Act] The Commission may also issue a “cease and desist” order. [§1101.759 of the License Act] Finally, as a State Agency represented in civil court proceedings, TREC can obtain injunctive relief, including court costs and attorneys fees incurred in obtaining such relief. [TRELA §1101.751]" - Texas Real Estate commission Web site.

Exemptions:
an attorney at law licensed in this state or in an other state
an attorney in fact under a duly-executed power of attorney
a public official in the conduct of that person's official duties
an auctionier
a person acting under a court order

Call a licensed broker to sell your house. Call me at 512-589-7988. Robin Scott, Broker

1015 Dogwood Trail for Sale in Cedar Park for only $249,900.
A one-story with a 3-car garage! Open floorplan with an MIL for kids. Tons of upgrades plus refrigerator conveys. Master features dual vanity, garden tub, separate shower and walk-in closet. Near end of street with no through traffic, light and bright with a full sprinkler system and a covered patio. 1916 sq.ft. CAD, built in 2011. MLS# 6793386
http://www.tourfactory.com/1243018

Search for homes through Austin MLS.

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Buying or selling? Hire an experienced professional. Call Robin Scott, Broker at 512.589.7988.

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