Credit Approval A financing contingency allows a home buyer to terminate the purchase contract and receive a refund of their earnest money if the buyer is unable to obtain mortgage financing credit approval within a defined period of time.  The contingency period is negotiated between the buyer and seller and usually lasts between 7 and […]

 A Multiple Listing Service, commonly referred to as a MLS, is used by real estate brokers to market their listings to other real estate brokers.  A real estate broker who belongs to a MLS  submits their listings to the MLS and offers a commission to any MLS member agent that submits an acceptable offer that […]

A REALTOR is a real estate agent or real estate broker who is a member of the National Association of Realtors.  All Realtors are real estate agents or brokers, but not all real estate agents are Realtors.  Realtors agree to abide by the National Association of Realtors Code of Ethics and Standards of Practice.  Real […]

A Texas real estate broker is an experienced real estate agent with a minimum of four years experience practicing real estate.  In Texas, a real estate broker must have a four year college degree or an equivalent number of college hours and pass a comprehensive real estate brokerage exam.  Texas real estate brokers typically work as Realtors […]

A Texas real estate agent is a person licensed by the state of Texas to practice real estate.  A Texas real estate agent may assist clients in buying and selling real estate and in the management and rental of properties.  A real estate agent must work under the supervision of a Texas real estate broker.  Texas officially calls […]