The Addendum Regarding Brokers' Fees (TXR 2406) is used with TREC residential sales contracts (i.e., the One to Four Family Residential Contract, Unimproved Property, and New Home contracts). This form documents the payment of brokers’ fees in the transaction, including from a listing broker or seller to a buyer’s broker.

2024年6月18日 · • Use TXR 2701 on August 17 to update any representation agreements that are on pre June 24 versions to ensure compliance with the new requirements. • TREC contracts are not changing at this time.

As of December 16, 2024, the Addendum Regarding Brokers Fees (TXR 2406) and the Amendment to Representation Agreement (TXR 2701) will no longer be available for use on the Texas REALTORS website or through approved form vendors. These forms filled gaps during the transition to the new NAR MLS rules regarding broker compensation.

2023年8月30日 · Legislation passed by the 88th Texas Legislature requires the Texas Real Estate Commission to update two frequently used forms: the Consumer Protection Notice and the Seller’s Disclosure Notice. What changed? It no longer references the real estate inspection recovery fund, which was repealed this session. Who does this affect?

7;5 ˇ ˇ 3DJH RI $''(1'805 (*$5',1*%52.(56¶) ((6 TO CONTRACT CONCERNING THE PROPERTY AT: _____ (Address of Property)

2024年9月30日 · When using the Addendum Regarding Brokers’ Fees (TXR 2406), what box do we check if the seller agrees to pay the buyer’s broker fee? First, check the box next to Paragraph D (2) which states, “ Seller shall pay.”

2024年6月27日 · Paragraph D(2)(a) and D(2)(b) of Addendum Regarding Brokers’ Fees (TXR 2406) allow the parties to agree that the seller will pay an amount specifically for buyer’s broker’s fees. This is a separate obligation from paying buyer’s expenses under Paragraph 12.

2024年11月20日 · The recent changes introduced by TXR 2406 have far-reaching effects on how brokers charge their fees, creating a significant shift in traditional practices. With the aim of enhancing transparency and protecting consumers, this addendum mandates clear disclosures regarding broker fees at the onset of a real estate transaction .

Check box D(2)(a) if the seller has signed a separate compensation agreement with the buyer’s broker, such as the Compensation Agreement Between Broker and Owner (TXR 2401). Insert the amount of the agreed upon payment. The amount inserted in Paragraph D(2)(a) does not change the amount agreed to in the separate compensation agreement.

This cheat sheet is your guide to effortlessly navigating the vital Texas TXR Forms. Our goal is to make understanding these new forms a breeze by providing clear summaries of their importance and purpose. With this knowledge, you can confidently transact in this new environment!