Mortgage Interest Deduction & NAR
Wednesday, May 03, 2017
Written By: Kent Prickett

A majority of Americans believe they pay too much in taxes. Currently, Ways and Means Committee of the United States House of Representatives is discussing ways to overhaul the U.S. tax system. The current speaker of the house, Paul Ryan, and fellow house republicans have put together a blueprint for their idea of tax reform.

Their blueprint, titled, A Better Way, has three basic principles

  • It reduces the number of tax brackets to four
  • eliminates all but two itemized deductions – the Mortgage Interest Deduction (MID) & the charitable giving deduction
  • it increases the standard deduction

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Williamson County home sales and prices increase in March
Thursday, April 13, 2017
Written By: Kent Prickett

Round Rock, Texas – 12 April 2017 – Home sales in Williamson County increased 3.8 % in March 2017. Additionally, home prices increased 0.9% (when compared year over year), according to the March 2017 Williamson County housing market report released today by the Williamson County Association of REALTORS®.

According to the report, 908 homes were sold in Williamson County during March 2017, a 3.8% increase from the year prior. The median price for Williamson County homes increased only 0.9% year-over-year to $260,874 during the same period.

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Updates from the 3/9/2017 Cedar Park City Council Meeting
Friday, March 10, 2017
Written By: Kent Prickett

Last night the Association attended the Cedar Park City Council meeting to speak out against the section in their sign ordinance policy banning temporary signs off premises!

If you remember two weeks ago, the Association spoke out against multiple items on the proposed changes to the city’s sign ordinance. Due to the actions of Christy Gessler two weeks ago, the city changed time frames for stakes and wood signs which affected the ability to place a for sale sign on property. The City Council unanimously passed the proposed changes on that section.

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Status Options in Central Texas MLS
Monday, February 27, 2017
Written By: Kent Prickett

Belonging to two MLS systems is not a new business practice for most REALTORS.  Prior to the creation of the Central Texas MLS Regional, many of our members belonged to two, three, or even four MLSs. This new consolidation of data has been extremely effective in helping agents market their properties to a wider pool of agents.  But with consolidation comes confusion about what certain fields mean in the new CTXMLS system.

Over the past couple of weeks, we have had many questions on what the different statuses in CTXMLS mean and how to use them correctly. In addition, we’ve even had some agents who have had issues closing out a listing because of the status codes.

CTXMLS has 8 status codes, and each of them represents a different array of data. The current codes are A, B, O, T, W, U, S, and X.  The descriptions of each are listed below, including how to make some of the codes available in the Listing Input & Edit Screen.

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Despite low rates, market is tough on first-time buyers
Monday, July 11, 2016
Written By: Kent Prickett

Many prospective homebuyers are feeling frustrated. They love the super low interest rates of today’s mortgages, but the rising prices and related qualification requirements are preventing them from making a purchase.

This dilemma was recently addressed in a report from the National Association of Realtors.

“Home sales will grow modestly this year, but a continuing inventory shortage will keep upward pressure on prices and make it hard for many people to buy, even though interest rates remain low. That’s according to NAR chief economist Lawrence Yun.

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Safety Checklist for Showings - Before the Appointment
Tuesday, September 08, 2015
Written By: Kent Prickett

September is REALTOR® Safety month at NAR. Within the past year, we have heard horrific stories of malicious people targeting REALTORS®, both male and female. NAR has released many safety tips that WCREALTORS will be sharing with you throughout the month of September. This week, we will focus on things you can do before a showing appointment to help you be safer!

First and foremost, no deal is ever so important that you should drop everything you are doing to meet a stranger at a property, especially a vacant property. Always stress to the potential client that you always meet in a public place first. This could be your office, a local coffee shop, etc. When there, get information about this person. Don’t be afraid to take a photo copy - or snap a photo with your cell phone - of their driver’s license. Send this info to someone you trust.

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HUD Final Rule on Affirmatively Furthering Fair Housing
Friday, July 10, 2015
Written By: Kent Prickett

This week, the US Department of Housing and Urban Development (HUD) announced its final rule regarding Affirmatively Furthering Fair Housing.  The rule is expected to be published in the Federal Register the week of July 13th and will take effect 30 days after its publication date.

Bottom Line: The rule lays out requirements based on Section 808 (e)(5) of the Fair Housing Act which requires the Secretary of HUD to administer the Department’s housing and urban development programs in a manner to “affirmatively further fair housing (AFFH).

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Will Your Name Get You In Trouble With TREC?
Monday, May 05, 2014
Written By: Kent Prickett

Your name is your business in Real Estate. Referrals, leads, commissions, etc. are all paid to YOU and your name. The biggest question is are you compliant with TREC’s guidelines on your name?

If you use a nickname that isn’t filed with TREC on your signs or on any marketing materials, then you are more than likey not in compliance and can be fined. For example, if the name on your TREC record is James William Smith…

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