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How long does a real estate broker keep transaction records in Texas?
Wiki User
∙ 11y ago
Not sure but broker may keep records for a week. Improve answer ... How long does a real estate brokerneed to keep real estate transactions in Texas? The answer is three years.
Wiki User
∙ 11y ago
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How much is estate tax in texas?
There are no property taxes in Texas currently. However, the estate tax is a federal tax, and as of 2010 it was up to the first $5 million being deductible.
Will you have to pay taxes on your inheritance of 900000 in Texas?
As far as Federal income taxes are concerned, inheritance is not taxed on your 1040 return. The Estate itself may be required to file an Estate Tax Return and possibly pay Estate Taxes depending on the total value of the estate in total and the line of inheritance. As far as State taxes in Texas, I am not familiar with that but I doubt very seriously if any income tax is due on a State basis either.
What is the inheritance tax in Texas?
The State of Texas does not have an inheritance or an estate tax. Only 11 states do have one in place. It is still a good idea to consult a probate attorney to minimize federal taxes.
What are Texas inheritance tax rates?
Texas does not have an inheritance or an estate tax. Only 11 states do have one in place. It is still a good idea to consult a probate attorney to minimize federal taxes.
Do you have to pay inheritance tax on inheritance?
I think that depends on the tax laws, both federal and your state of residence. If I recall correctly, here in Texas for example, the determination of whether or not an inheritance tax payment is owed, "rides" on the federal criteria. If federal tax is not owed, then Texas does not require it. The last I recall, the determination of federal tax on inheritance was based on the value of the estate, and an estate valued at less than $1.5 million was exempted from payment of federal estate tax, and therefore, Texas estate tax. I also seem to recall, that the $1.5 mil federal exemption was only a "temporary" thing, and is subject to "sunset out" within a couple of years, unless reenacted. Prior to the $1.5 mill exemption, I think the amount was $600,000 per estate. I'm not sure about this, but I think that even though an estate is exempt from "estate taxes," the heirs will have to declare money received on their income tax return(s), and pay INCOME taxes, both federal and state, on that income. Also, the income from any real property, WHEN sold, will have to be declared, and taxes paid on that income.
Can A Texas Real Estate Broker take a Net Listing?
Yes, texas real estate broker can take a net listing.
How lond does a real estate broker need to keep real estate transactions in Texas?
3 yrs
Can a felon become a real estate broker in Texas?
The person has to face lots of problem for becoming broker. He can read up on the laws for selling real estate in that state, thing is they vary, and not all states require a license. Most of the laws for a given state are online as well.
What types of property and real estate are available in Dallas Texas?
Everything from small residential homes, condos, businesses, and every type of land parcel is available for purchase in Dallas, Texas. Contact a reputable real estate or land broker in the area.
Where can one find a commercial real estate broker in Wichita Falls Texas?
Zillow is one source that lists many commercial real estate brokers throughout the country, including Wichita Falls, Texas. REMAX online also offers a listing of their commercial brokers in the area.
Whatever happened to Charlotte Earl in the old Atlanta Toyota commercials - then Angie Stevens took her place?
She left the automotive industry and is a real estate broker in Texas.
Can a broker charge a broker fee for Admitted business in the State of Texas for professional liability insurance?
Yes, A brokerage fee is common practice for brokered business of all types. It's also common in all other financial fields including mortgage brokers, stock brokers, buisness brokers, loan brokers, real-estate brokers and brokers of all types. That's how brokers earn a living. they may also earn a negotiated commission on the final transaction. Generally brokerage fees are non-refundable. If the client/s back out of or fails to close on a transaction the broker has worked hard on and perhaps spent many hours negotiating, then the broker hasn't done all that work for nothing. If you feel your brokers fees are too high and you have developed a relationship with them, you can probably negotiate a lower fee with them, especially if you utilize their services frequently.
Can I get a real estate license with a felony in texas?
It is difficult to get a real estate license with a felony in Texas.
When was Texas Hotel Records created?
Texas Hotel Records was created in 1985.
When did Texas Hotel Records end?
Texas Hotel Records ended in 1996.
If a buyer requests housing based on racial diversity does the broker have a duty to provide information?
In order to avoid claims of unlawful steering in violation of the Fair Housing Act, it would not be in the best interest of an agent or broker to do so. Answer found in: Keeping Current with Texas Real Estate MCE:, Jocobus, Wiedemer, Goeters
Where can one find real estate information for Texas?
There are many options for finding real estate information for Texas. It is possible to use The Texas Real Estate Commission or the various smaller companies which work as real estate agents in the area.
