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The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
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In a real estate context, an option fee is money paid by a buyer to a seller for the option to terminate a real estate contract. Option fee funds should not be confused with earnest money . The use of option fees is most common in the residential resale market in Texas.
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Bernard H. Mendik (1929–2001), Scottish-born founder of the Mendik Company and former chairman of the Real Estate Board of New York [101] Howard Michaels (1955–2018), founder of the real estate investment advisory firm the Carlton Group [102] Sam Miller (1921–2019), former CEO of Forest City Material Co. and later Forest City Enterprises ...