Industry News

Attorney General to weigh in on realty brokerage rule

Plan may settle years of dispute in Texas

The Texas Real Estate Commission Monday debated a proposed rule that could have put an end to the way Sandra Haverlah and her husband chose to sell their Austin home.   Haverlah, who's also president of the Texas Consumer Association, recently paid a low flat fee to a real estate broker in exchange for a lockbox, a for-sale yard sign and inclusion of her home in the local multiple listing service. She and her husband will handle marketing and acceptance of offers on the home. The practice, known as "discount" or "limited services" brokerage enables home sellers to choose and pay for only the specific services they want.   "For an investment of $1,000, we'll save about $18,000," Haverlah said.   The rule the Texas commissioners discussed would require real estate brokers in the state to provide home sellers a minimum level of service. The rule was proposed by the Texas Association of Realtors.   The commissioners voted to revise the language in the Realtor group's p...

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