TREPAC Saves You Money
Investing in TREPAC now, can save you money in the long-run. Below is a list of efforts aimed at protecting your profitability. All of these efforts are based on funds TREPAC receives from your investments.
Several cities across Texas have undertaken excessively restrictive measures on rental property in their communities in an effort to monitor landlords and generate revenues through registration and inspection of rental property with permitting and other subsequent fees. The Texas Association of REALTORS® and TREPAC are working hard to make sure such legislation does not get implemented in your communities.
Proposals attempting to mandate costly energy-efficiency upgrades for existing single-family homes would make it more expensive to buy and sell a home. We all support energy efficiency and want to protect our environment. However, incentives and education should be used to achieve such goals, not expensive mandates that hit hardest those who can afford it least: first-time homebuyers, low-income families, and seniors.
We supported an amendment to ensure homeowners have the option of installing fire sprinkler systems in their newly constructed homes, avoiding costly mandates that could have priced some buyers out of the market.
As local officials look for new ways to fund city and county services, other states have developed proposals to enact new local taxes, including a proposal that places a flat fee or a transfer tax on all real estate transactions.
Recently, local title companies and REALTORS® have encountered a new form of real estate transfer fee whereby developers or property owners place a deed restriction on property which requires a transfer fee to be paid to a designated entity or individual. We prohibited these deed restrictions for private gain, thereby protecting future clients and transactions.
The Texas Association of REALTORS® and TREPAC remain committed to ensure Texas's real estate market does not become the next California or Florida.