Living the Real Estate Life

CLASS: VOICE ACTIVATING REAL ESTATE #39400

Amazon turns ON Sidewalk June 8, 2021

Amazon will be turning on a new feature for their Alexa and third party devices on June 8, 2021. This new feature is called Sidewalk. According to the Amazon Sidewalk Privacy and Security Whitepaper: ” Customers with a Sidewalk gateway are able to contribute a small portion of their internet bandwidth, which is pooled together to create a network that benefits all Sidewalk-enabled devices in a community. This can include experience ranging from finding pets or valuables that may be lost and improving reliability for devices like leak sensors or smart lighting, to diagnostics for appliances and power tools.”

Here is how to get to the Sidewalk setting. Open the Alexa app. Click the “MORE” tab (it should be on the bottom right). Click “SETTINGS”. Click “ACCOUNT SETTINGS”. Click “Amazon Sidewalk”. On June 8th all Amazon Alexa enabled devices will have the toggle button in the “ENABLED” position.

Here’s the bottom line Amazon will turn on this feature AUTOMATICALLY on June 8th for all Alexa enabled devices. I think you should do your own research and decide if you want this feature on or off. June 8th it will AUTOMATICALLY be turned on.

Helping you to …

Live Life to the Fullest,

Scott

In Person Class coming soon

Texas residential Real Estate Agents, take another look at the AMENDMENT

I was talking to a real estate education friend of mine and she pointed out something that I think you will find interesting. Take a look at the Amendment to contract. Now look at the last revision date. The last revision was in 2015. I think it is really interesting that almost all of the main contracts…ONE TO FOUR FAMILY RESIDNETIAL CONTRACT (resale), and other contracts had numerous changes that went live on April 1st, but the supporting document, the document that is designed to update the contract had ZERO changes. This answers the question as to why some paragraphs were not renumbered… in order to keep other forms like this one from having a forced revision. But here is were it gets interesting.

We are talking about the ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (resale). The termination option fee was moved from the back of the contract to page two. The new procedure that is stated on this page is that the termination option fee is to be paid to the title company. The termination option fee can be included in the same check as the earnest money. No changes to the timelines but the timelines were explained better when it comes to holidays and weekends. That’s the backstory here’s the rest of the story.

As I said in the first paragraph the Amendment, TREC 39-8, has not changed. Bullet point (6) addresses the termination option: “Buyer has paid Seller an additional Option Fee of $ for an extension of the unrestricted right to terminate the contract on or before 5:00 p.m. on _______________, 20__ . This additional Option Fee [ ] will [ ] will not be credited to the Sales Price.”  So your initial termination option fee goes to the title company, but if there is an additional option fee the title company WILL NOT be accepting it, BUT they will have to know that it happened so that it can be credited to the Sales Price. So the seller is not completely at the mercy of the Texas contract, they will directly be receiving any additional termination options. Interesting, very interesting, and yes I have more to say but that’s all for now.

Helping you to…
Live the Real Estate Life,
Scott

Clearing up the M.U.D. in Harris County

Let me first say that you can NEVER stop learning, however I think that I am close to mastery on this topic.  I have been researching Municipal Utility Districts for over two years now in order to get a clear understanding of The Texas water Code as it relates specifically to selling a One to Four Family Residential home in Texas.  I am writing this to bring sellers, buyers and real estate agents up to speed on my latest findings.  This is not an all-inclusive article.  In other words you will have to have a basic knowledge of how Municipal Utility Districts work in Texas in order for a lot of this to make sense. If you are a buyer or seller you can reach out to me directly.  If you are a Texas real estate salesperson or broker I would direct you to my website www.Livingtherealestate.com so that you can access my calendar and see when I am teaching the M.U.D. topic next.

            Here is the revelation for this article both the why and where.  Remember this is not all inclusive information.  Harris County is an extremely large county and if you are practicing real estate in the Houston area you will more than likely be working in Harris County at some point in time.  Harris County has two Municipal Water Districts that you need to be aware of—1) Harris County Flood Control District 2) Port of Houston Authority.  Both of these encompass all of Harris County.  This is the why, why you do NOT need to present the statutory notice.  Now for the where….Where did I get this information?  I am glad you asked, according to the Texas Water Code SUBCHAPTER M, Section 49.452. “…and which districts includes less than all the territory in at least one county…” This is a really long sentence so I am only referencing the part for this article.  The key word is less, “less than all the territory in at least one county.”  So you do not have to provide a statutory notice for the Harris County Flood Control District or Port of Houston Authority because they encompass the ENTIRE COUNTY.  Yes it is that simple, you now have the why and the where.

            This brings me to my next point.  The website https://www.tceq.texas.gov/ has a map viewer with filters that show ALL of the Municipal Utility Districts for a specific property.  Yes you can have more than one M.U.D. for a property.  Using the TCEQ map viewer you can type in a property address and it will show you each boundary that the home is located in, so you can clearly see that the Port of Houston Authority covers all of Harris County and therefore you would not be required to present a statutory notice.

            That’s it short and sweet, I didn’t want to overwhelm you with information.  I hope you found this useful in your journey to….

Live Life to the Fullest,

Scott

The New One to Four Family Residential Contract (BY THE NUMBERS)

Think outside the box!? There’s a box?

The new form TREC 20-15 is now available for real estate agents in Texas to start using. I have adjusted my offer worksheet to match the new contract and you can find it below, but before we get to that here is some interesting numbers. This revision bring with it 6,388 words, 33,477 characters without spaces, 39,803 characters with spaces and 772 lines. For those keeping score at home that and increase of 399 words, 2,459 characters without spaces, 3,001 characters with spaces and 51 lines. All those increases and we now have 23 paragraphs versus 24 on the old version. That’s right somehow we lost a paragraph and yet we managed to pick up an extra page. This one is easy to explain because the FINAL ACCEPTANCE now has it’s own page, yet somehow the STATUTORY TAX DISTRICTS (6. C. (3)) got split between pages 3 and 4. This section (6. C. (3)) is incredibly important for any seller OR buyer of property located in a STATUTORY TAX DISTRICT, aka M.U.D.. That’s enough for now. Enjoy the Buyer’s offer worksheet. Mandatory use of TREC 20-15 is APRIL 1, 2021.

Helping you to…Live the Real Estate Life, Scott

Consumer Protection Notice (new vs. old)

No dialog to follow. I am posting the NEW T.R.E.C. Consumer Protection Notice and the old one so you can see the differences for yourself.

Here is the NEW form.

This is the OLD form.

Helping you to…
LIVE the Real Estate Life

JOIN ME FOR A Real Estate C.E. GETAWAY

That’s right–take your real estate continuing education classes in a tropical location. Click here for more information.

Start planning your C.E. adventure now and you will be….


LIVING the Real Estate Life!!!

Coming Soon: Voice Activating Real Estate: Intro CLASS #39400

That’s right I have a very high energy class called Voice Activating Real Estate: INTRO #39400 (3 Hours T.R.E.C. Continuing Education) Learn how Voice Assistant Technology works and how it can work with your real estate business.  Learn from an Alexa Voice Skill award winner and creator of the first Alexa voice Skill for Real Estate in The Woodlands, Texas.  This is the perquisite for the second class in my Voice Technology Series.  Authored & Taught by Scott Culberson, Provider Living the Real Estate Life #10445

Wednesday, November 4, 2020 9:00am-Noon.

Click the link to register : https://livingtherealestatelife.com/class/voice-activating-real-estate-intro-39400/

Did I mention their MIGHT be a drawing? Yes, if we have 30 or more students to take the class I will draw a name and someone will win a 3rd Generation Amazon Echo Dot $50 value.

Voice Technology for Real Estate: Phase 1 #39370

I have been working Alexa’s circuits over time in preparation for the class I wrote for Texas REALTORS.  That’s right I wrote a 3 hour real estate continuing education class dedicated to VOICE ASSISTANTS and she who may not be named.  If your a real estate agent you do not want to miss this opportunity to understand what VOICE is all about and some tips on how you might incorporated it in your business NOW.   The class is Monday, July 13th so it IS NOT TO LATE.

You can register for the class on the Texas Realtors website under education.  Click here

This is your first opportunity, but it WON’T BE your last.  Jump on board and ride the VOICE wave with me.

This class WILL help you to…

Live the Real Estate Life,
Scott