Texas Real Estate Commission
Sale of Equitable Interests in Real Estate Clarified
Governor Abbott Has Signed SB 2212
SB 2212 amends Chapter 1101 to codify the clarifying changes to TREC rules regarding sale of certain equitable interests in real property.
Just like the rule, this statutory change clarifies that a person selling or offering to sell an option or assigning an interest in a contract to purchase real property must accurately disclose to potential buyers the nature of the interest offered. If a person offers a property for sale when the person does not own the property, that person is engaged in brokerage and must be licensed to do so. This is the current law.
If a person offers to sell an option or assign an interest in a contract on a property, the person must accurately describe the interest being offered. The same requirement for accuracy is added in the Property Code. The practice of “wholesaling” remains legal if these “truth in advertising” rules are adhered to.
If your are a UN-Licensed wholesaler you are breaking the law and have been with every assignment or contract you have sold, look out you could easily be liable for any past transactions! If you have not found an expert REAL ESTATE BROKER who understands this and can help you stay in business you can call E-Team Austin Realty Today! 512-554-8554. If you are about to or thinking of buying from a wholesaler STOP! It is imperative you call us before you find yourself on the hook for a home without the proper disclosures and notices. Call and ask for Michael @ 512-554-8554
Vacation golf community ideally located less than 10 minutes’ drive to Disney World – one of the best golf course communities in the Orlando vacation homes area with three courses and tons of amenities.
Located next to the Omni Champions Gate Golf Resort, are vacations townhomes with prices starting from the high $200s – including many extras that cost more with most builders. Resort-style amenities in an upscale and welcoming gated community. Town homes will range from four to five bedrooms and three to four baths.
Offering short or long-term vacation rental homes, owners will be able to use the extensive amenities at including 84,000 square feet of deck space with lazy river pool, children’s splash pad, sand volleyball, large “quiet” pool, tiki bar and spa. Enjoy a full-service restaurant and bar, business center, fitness center, movie theater, kids’ arcade room, aerobics room and yoga studio. Spend the day at one of seven tennis courts or at the golf pavilion offering a putting green and driving range
Located off 1-4 and only minutes from the Walt Disney World Resort, the ideal location for your vacation home. Several major highways link to the surrounding areas for easy accessibility to major outlet shopping centers, Orlando’s International Drive and area airports.
- Granite countertops
- 18″ tile throughout living areas
- Paver driveways and walkways
- Rounded corners
- Steel appliances
- Screened swimming pools with pool heaters.
- Double glazed throughout.
- On-site clubhouse with restaurant.
- Pricing from the high $200s to low $300s
- Square footage from 1,914 to 2,128
- Bedrooms from 4 to 5
- Bathrooms from 3 to 4
Resort-style single family homes in Davenport from the high $200s!
Crofton Springs at Providence is a resort vacation destination in itself! Park Square Homes is proud to feature our NEW Resort Series of homes, offering 4 to 10 bedrooms. Generous open living areas and elegant features add to Crofton Springs feeling of true exclusivity in one of the most luxurious Orlando resorts.
Experience a vacation like no other in your very own retreat in Crofton Springs at Providence Resort!
- Gated Entrance
- Recreational, Green and Common Areas
- Luxury Clubhouse
- Restaurant / Lounge
- Resort Pool
- Tennis Courts
- Fitness Center and Volleyball Court
- Children’s Playground and Picnic Area
- Michael Dasher designed 18-hole Championship Golf Course
Nestled on 20 acres of pristine Florida nature, The Retreat offers residents an escape from the everyday.
The Retreat is part of the Dream resort, an eco-friendly resort style community located in the heart of the vacation capital of the world, the Four Corners region of greater Orlando, Florida.
The Retreat offers 88 Eco-Friendly vacation homes complete with calming views and distinctive features throughout. A secluded natural setting adds a special ambience to these 21st century properties all within minutes of major Orlando attractions. Each one shares The Retreat ECO-CLUB.
FLOORPLANS & SPECS:
- 2,153 total sq foot
- 200 sq metres
- 3 bedrooms
- 3 bathrooms
- Private pool
- Open plan kitchen and living area
- Sun deck
Resort-style single family homes in Kissimmee from the Mid $300s!
BellaVida Resort offers private, peaceful living in the heart of one of the most desirable destinations in the world. BellaVida proudly introduces our new Pacific Collection of homes, showcasing the latest in design trends. These exquisite home designs range from 1,939 square feet up to 4.219 square offering 4 to 10 bedrooms! This stylish community is mere minutes from World-famous shopping and attractions, yet secluded enough to provide a truly serene sanctuary.
Enjoy a vacation community like no other in BellaVida Resort by Park Square Homes!
- Pools Included with Each Home
- 25-ft. Entry Waterfall
- Gated Entrance
- Walking Trails
- Formal Garden Areas
- Close to Shopping
- 6700-sq.-ft. Clubhouse
- Spacious Lounge
- Movie Theatre
- Cyber Cafe
- Fitness Center
- Basketball Court
- Sand Volleyball Court
- Resort Pool and Spa
- Tot Lot