TREC CE Course: Advanced Farm & Ranch Practice Update: 2019
Date(s) - 11/21/2019
8:30 am - 6:00 pm
Inn on Barons Creek
Advanced Farm & Ranch Practice Update: 2019
A TREC Continuing Education Course # 37948
Course Authors: Dr. Charles Porter, Texas Real Estate Broker and Jason T. Hill, Attorney at Law
www.charlesporter.com & https://www.jthill.com
Offered Exclusively By: Texas Alliance of Land Brokers
The 2019 Farm and Ranch/Water Rights and other issues update class is an 8-hour TREC continuing education credit class with up-to-the-minute information about significant changes mandated by the last session of the Texas legislature and the rapidly changing marketplace.
This is much more than just an update and repeat of our two previous classes.
Date: Thursday, November 21, 2019
Time: 8:30 am sharp to 6:00 pm, with lunch from 12:00 to 1:00
Place: Inn on Barons Creek, 308 S Washington St, Fredericksburg, TX 78624
Rooms are available. Call: (830) 990-9202
Cost: $395 for TALB & TLBN members
$495 for non-TALB or non-TLBN members
Refunds will only be given with 24 hours’ notice. No refunds for partial completion. Class must be attended in its entirety to be eligible for course credit.
Many thanks to the following sponsors:
The Texas 1031 Exchange Co.
Capital Farm Credit
Garner Abstract & Land Co.
Texas Farm Credit
Hill Country Titles
Hondo National Bank
Please visit: https://texaslandbrokers.org/advanced-farm-ranch to register for this fine course.
The last session of the legislature resulted in the most significant changes in the real estate brokerage industry since 1976. Our update class is designed to prepare all our brokers to meet the challenges of the statutory changes effective since September 1, 2019.
This class is divided into four (4) major segments:
1. Farm and Ranch practice update
Promulgated purchase contract revisions along with the addenda.
A major change to the Seller’s Disclosure Notice is effective now – the key change – flood plain identification and flood insurance as a major requirement of seller’s disclosure.
2. Water Rights update
Current court cases, new challenges in groundwater permitting, and the continuing frustration in permitting surface water with TCEQ.
We will also discuss the movement (began by myself and others) to add a paragraph about water to the promulgated farm and ranch contract.
There is a movement also to find a way to include water rights disclosures on all types of property transactions, no only single family.
3. Geographic Competency – the major revision to the TREC Code of Ethics and Broker’s Responsiblity
The new requirement to prove “geographic competency” – the first change to TREC’s Code of Ethics since 1976 – it is serious and significant.
The legislature has demanded we prove our understanding of the local marketplace. We will explore ways to meet these new requirements.
The future will be full of claims from disgruntled buyers and sellers that their broker was not “geographically” competent.
4. Broker’s Price Opinions and “geographic competency”
In keeping with “geographic competency” since it is all about local market expertise, we will discuss how to conduct BPOs or CMAs to meet the requirements of TREC rules and the National Association of Realtors Code of Ethics.
Included will be a discussion of an often overlooked standard method of valuation – income capitalization.
This class is highly significant and will provide not only an update, but a path to meet the new statutory requirements.
Please contact Jane Bushong Brown with any questions you may have.
We look forward to seeing you there!