Posted on September 17,2024 in Real Estate

A homeowner who recently sold a Miami mansion for $79 million is suing the realtor for failing to disclose that the buyer was billionaire Jeff Bezos. The owner had originally listed the price at $85 million and said he would not have slashed $6 million off the asking price had he known that the Amazon founder was writing the check.

It is common for billionaires, politicians, and celebrities to use trusts and other legal tools to maintain privacy when purchasing real estate. But is it legal to hide this information from the seller? Can a property owner in Texas take legal action if the identity of the buyer is not disclosed?

This article will explore the answers to those questions, as well as how to contact a Texas real estate attorney for more details.

What Are the Responsibilities of a Realtor?

To understand whether a realtor must disclose the identity of the buyer, it is important to first understand the responsibilities of a real estate agent. They are regulated by the Texas Real Estate License Act and enforced by the Texas Real Estate Commission.

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 Posted on September 09,2024 in Real Estate

Real estate transactions typically involve a lot of paperwork, time, and attention to detail. This can be cumbersome for the parties involved, especially if they are unable to be present. A buyer, for example, may be trying to purchase an estate overseas, or a seller may be involved in multiple real estate transactions at the same time.

In such cases, it is relatively common for either party to use a power of attorney. This means that the buyer or seller authorizes someone else — called an "agent" — to act on his or her behalf. This might allow the agent to make decisions and sign papers for the party, referred to as the "principal."

However, there are several types of power of attorney, and not all of them may be appropriate to use in a real estate transaction. The best way to determine which power of attorney you should use is to consult a Texas estate planning lawyer who can advise you. In this article, we will explore each kind of power of attorney so you can get a preliminary understanding of which might be the best fit.

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 Posted on August 29,2024 in Estate Planning and Probate

If you have never thought much about estate planning, you are not alone. Many people put off creating an estate plan because they believe it is something only the wealthy need or that it can wait until later in life. However, an estate plan is important for everyone, regardless of the size of their assets. 

An estate plan is a set of legal documents that give very specific details about how your belongings will be distributed after you pass away and who will make decisions for you if you cannot. For first-time planners, the process might seem overwhelming, but an experienced Texas estate planning attorney can guide you through each step, ensuring that your plan reflects your wishes and provides security for your loved ones. 

What Does a Typical Estate Plan Include?

For people with uncomplicated estates, especially those in the upper middle class, a typical estate plan includes several important documents:

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 Posted on August 22,2024 in Business Law

Starting a car dealership in Texas is an exciting venture, but choosing the right business structure is vital for your long-term success. This decision affects your taxes, liability, and daily operations. A Texas business lawyer can help you understand the main options and help you make an informed choice.

Potential Business Structure Options

The most common business structures for car dealerships in Texas are:

• Sole Proprietorship: While easy to set up, advisors generally discourage the use of a sole proprietorship for businesses with significant liabilities, such as a car dealership, because it lacks personal liability protection.

• Partnership: General partnerships, like sole proprietorships, offer no personal liability protection, meaning partners’ personal assets can be at risk. Limited partnerships provide liability protection to limited partners but not to general partners, who remain fully liable.

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 Posted on August 16,2024 in Real Estate

As a landlord in Texas, dealing with a tenant who refuses to leave after receiving an eviction notice can be frustrating. However, there are legal steps you can take to regain possession of your property. A Texas lawyer can help guide you through the process and provide insights on handling this challenging situation.

The Eviction Process

Before taking action, make sure you have followed the proper eviction procedures. The process begins with serving a valid written notice to vacate to your tenant. If the tenant does not comply, you must file an eviction lawsuit. You must attend the eviction hearing and obtain a judgment in your favor. Should the tenant still refuse to leave after the judgment, you can request a Writ of Possession. This document authorizes law enforcement to remove the tenant from your property. You can proceed with further action only after you have completed these steps and the tenant remains on the property.

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 Posted on August 09,2024 in Real Estate

Construction projects are often challenging endeavors that require careful planning and execution. Despite best efforts, delays can occur, increasing costs and potential legal disputes. A Texas real estate lawyer can help explore effective legal strategies to minimize the risk of construction delays and protect your interests.

First, You Should Understand the Root Causes of Delays

Before diving into solutions, it is vital to identify common causes of construction delays. These often include inadequate planning and scheduling, poor communication between stakeholders, unforeseen site conditions, weather-related issues, labor shortages or disputes, material supply chain disruptions, and permit and regulatory compliance issues. By recognizing these potential setbacks, you can proactively address them before they escalate into significant problems.

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 Posted on July 30,2024 in Real Estate

For sale by owner (FSBO) transactions are popular in Texas where the law does not state that you need a real estate agent to handle the selling of your home. There are several benefits to an FSBO transaction when you sell your home, though it is important to have the legal guidance of a skilled Texas FSBO real estate attorney to protect your interests throughout this process.

How FSBO Can Benefit You

Deciding to sell your property is a big decision, and you may want to choose an FSBO transaction for many reasons. There are two main benefits to an FSBO transaction, however, and the primary benefit is that you save money on real estate agent fees and commissions. You will still need to pay the buyer’s agent commission, but in cases where you are selling a home directly to a family member, you may not even need to pay this.

Additionally, an FSBO transaction can give you complete control over the selling process. This is beneficial if you know exactly what you want out of selling your home, you are interested in marketing your home yourself, and you know the exact type of offer that you want to receive.

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 Posted on July 25,2024 in Business Law

Advanced medical directives are part of a comprehensive estate plan. These legal documents are important in ensuring you receive the care you want and need should you be unconscious or terminally ill. Ensuring you have advanced medical directives in place helps you prepare for the future and can give you peace of mind that your care wishes will be followed.

An experienced Texas advanced medical directives lawyer can further answer your questions about advanced directives. 

What Is an Advanced Medical Directive?

An advanced medical directive is a document that outlines your wishes and expectations for end-of-life care, care in the case you are unconscious or incapacitated, or your wishes should you be terminally ill. These legal documents typically only apply when you are not able to speak or otherwise convey your choices to a doctor, family member, or loved one, and they help those around you make the correct choices for the type of medical care you receive.

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 Posted on July 12,2024 in Real Estate

When renting a residential space to tenants, landlords need to be aware of the possibility of conflicts and the best ways to avoid disputes with their tenants. Texas landlords who take steps to minimize the potential for disputes can benefit from fewer complex legal issues and challenges when managing their property. The advice of a Texas residential landlord lawyer can further benefit you by protecting your interests and your property when tenant conflicts do arise.

Common Texas Landlord and Tenant Conflicts

Common conflicts that landlords experience with tenants include:

• Lease disputes, including conflict over the length of the lease, renewal options, and whether or not utilities are included

• Accusations from tenants of discrimination, failure to maintain the property, or failure to disclose hazards

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 Posted on July 06,2024 in Business Law

Business contracts are legally binding documents that protect the rights of every party involved in an agreement. However, when one party fails to uphold its end of a contract, that party may be in breach of contract.

Breaching a business contract can have serious consequences, including the potential for a lawsuit to recover damages. An experienced Texas business law attorney can help you explore your options if you are involved in a contract dispute.

Types of Contract Breaches

There are a few different types of contract breaches, including:

• Minor breach – This occurs if a party breaches only one small part of the contract in a way that does not affect the other contract terms. 

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