Copyright © 2025 Dyenal. All Right Reserved.
LEGAL
For the Real Estate Sector:
- Seller’s Disclosure Notice: According to the Texas Property Code, Section 5.008, sellers of residential properties must provide a written notice to the buyer regarding the condition of the property and any known defects. This is crucial to protect both buyers and sellers from future legal disputes. If you are going to sell properties, make sure this document is included in your sales process.
- TREC Contract Forms: The Texas Real Estate Commission (TREC) requires that license holders use commission-adopted contract forms for most real estate transactions. This ensures all parties are legally protected and that contracts comply with state regulations. However, there are exceptions where these forms are not necessary.
- Licenses and Regulations: Ensure that all real estate activities you engage in comply with the Texas Real Estate License Act (TRELA). This includes the necessity for licenses for certain types of transactions and adherence to professional conduct standards.
For Importing Products to Mexico:
- Compliance with Import Regulations: Although your base is in Texas, for importing tech products to Mexico, you must comply with Mexican regulations. This includes adhering to rules of origin and the specific conditions of trade agreements to obtain preferential tariff benefits.
- Records and Reports: It’s important to keep detailed records of all import and export transactions, including invoices, permits, licenses, and customs declarations. These records should be kept for the minimum period required by law, typically 3 to 5 years. Also, regular reporting to relevant regulatory agencies is crucial to avoid penalties.
General Terms and Conditions:
- Advertising Transparency: In advertising your services, whether online or in print, you should include clear information about who you are, your licensing status (if applicable), and any property interest in the properties you manage. Additionally, if you offer free services or incentives, these should be clearly described in your advertisements.
- Privacy Policy and Terms of Use: For your website, it’s advisable to have a terms and conditions section that clearly explains how users’ personal data is handled, the terms of use for the site, and any other relevant policies like refunds, cancellations, etc. This is not only good practice but also helps in building trust with your clients.
- Compliance with the Real Estate Settlement Procedures Act (RESPA): If you engage in transactions related to real estate loans, ensure compliance with RESPA to avoid violations, especially regarding advertising services related to loans.