9 January 2026 | 11 replies
that not mentioning in the contract/anywhere else, at all, that they charge something for coordinating vendors - while, in fact, take ANY undisclosed compensation (and, incidentally, do not provide invoices as a matter of policy) - is compliant with TREC.It gets better: I recently had a local RE attorney, who allegedly deals with many major local PMs, claim to me that, even if there is no prior disclosure by the PM that the PM charges anything for dealing with vendors, as long as the PM tells the principal the total cost, and the principal agrees to it - before the vendor does the job - this is compliant with “annotated” (the lawyer’s stipulation) 62-12-312(b)(17).If you missed it: A local TN- and MS-licensed RE lawyer claims that no disclosure of the PM taking any cut is necessary - as long as the principal is told the job’s total ahead of time, and agrees.I have no idea where this lawyer happened to find any annotation like that for 62-12-312 - I did not, at least not in Westlaw at my law library.And this “industry standard” (attorney’s words) appears to be in serious conflict with the actual law, as far as my non-lawyer reading of it goes:“(b) The commission shall have the power to refuse a license for cause or to suspend or revoke a license where it has been obtained by false representation or by fraudulent act or conduct, or where a licensee, in performing or attempting to perform any of the acts mentioned herein, is found guilty of:(17) Paying or accepting, giving or charging any undisclosed commission, rebate, compensation or profit or expenditures for a principal or in violation of this chapter;…”Literally right there: “… accepting or charging any UNDISCLOSED commission, rebate, compensation or profit or expenditures for a principal.”But it may not end there:If you add to the above circumstances that the principal began to suspect this (undisclosed) practice and asked the PM whether it engages in up-charging/marking up vendor invoices - and the PM denied it - and they continued to do business as before after that denial… until the principal obtained evidence, which only then forced the PM to admit the practice, somewhere in there a “mere” TREC violation seemingly becomes: “An intentional deception or misrepresentation made by a person with the knowledge that the deception could result in some unauthorized benefit to himself or some other person…” Commonly known as fraud, a crime.But I am not a lawyer.
9 January 2026 | 38 replies
To be clear, I am not an employee of Ashcroft and an not involved in the management of these funds.
6 November 2025 | 5 replies
So, the foundation engineer designs the slab and on the annotations, he provides for the amount of concrete in Cubic Yards, including a schedule for the cables (we're doing post tension slabs) and the minimum PSI threshold for the quality of the concrete.
24 August 2025 | 7 replies
Several times, maybe 5-7 times, on the last day of grace period, he always asks for extension of grace period and I approved.In my opinion, I made the following mistakes:Phase 1: I didn't mention the relocation compensation in the termination notice as I didn't realize that this is neededPhase 2: I should write an note that all the financial payment and due between us are cleared when he move out.I am glad to compensate him for the relocation cost.
7 August 2025 | 8 replies
hi @Drew Sygit I was saw and asked the lady at court she said that is only to look up case file an not file eviction.https://efile.alacourt.gov/ - this website to file eviction and it say"The following user types are allowed to register with AlaFile:Alabama Licensed AttorneysAccount Managers - (Bookkeeping menus only; this account type does not allow eFiling)Pro Se Individual <<<< for this for people like you and me and you need approval from courtPro Se BusinessWhen I speak to main source (aka court) how to do something I cannot trust google..
3 August 2025 | 15 replies
But, I might wholesale it.Secondly learn to comp better, of course.Third add in your sales costs of about 8% to 10% For an ARV of $325,000 sold - use about $227,000 purchase (70%)I'm not sure how you could buy at $198,000 and sell at $325,000 an not make a few bucks.Seems the only variable, is that you took way tooooo loooonnngg to get it in the market.Next time, buy at $198,000 and sell to a flipper for $227,000 and make a quick $30,000In Flipping, time & timing are crucialIn a normal flipAlways pad expenses by at least 10%Always pad time to complete by at least 10%
29 July 2025 | 6 replies
With your writing and annotating skills, you could help investors with tasks like listing descriptions, marketing materials, or even lead follow-up scripts.
25 July 2025 | 456 replies
Have an "escrow" reserve annotated on the HUD for the difference between your purchase price and loan amount.
14 July 2025 | 26 replies
Per our realtor, she can only find them if the listing agent has annotated VA/FHA/USDA assumable in the listing . . .