BUSINESS AND CONSUMER CODE:

Title 2. Competition and Trade Practices

Chapter 17. Deceptive Trade Practices Act

Subchapter E. Deceptive Trade Practices and Consumer Protection

Sec. 17.45 Definitions: (2) Services means work, labor or service purchases or leased for use, including services furnished in connection with the sale or repair of goods. https://statutes.capitol.texas.gov/Docs/BC/htm/BC.17.htm

Acre + Lot Real Estate charges cooperating brokerages consulting fees whenever Acre + Lot Real Estate’s Sponsoring Broker and/or Sales Associates need to advise, consult, or perform the duties of the cooperating broker and/or their sales associates in which they are responsible for performing to their clients during a real estate transaction in cases of the cooperating broker’s and/or their sales associates’ lack of knowledge, refusal and/or denial of performance of their responsibilities, duties and due diligence in accordance with the Texas Real Estate Commission (TREC), Houston Association of REALTORS® (HAR), Texas Association of REALTORS® (TXR), National Association of REALTORS® (NAR) and its Code of Ethics, and the Multiple Listing Service (MLS).

Acre + Lot Real Estate requires Sales Associates to provide the cooperating broker and/or their sales associates a notice of the Acre + Lot Real Estate Co-Op Policy and fees at or before the time Acre + Lot Real Estate becomes cooperative with another broker and/or their sales associates. The notice shall include the consulting fees and the following:

“Acre + Lot Real Estate provides cooperative consulting services for a fee to other brokers for the advice, consultation and performance of any duties that are the responsibility of the other broker and/or their sales associates to their clients in order to facilitate a proposed or active real estate transaction. Cooperating brokers are encouraged to perform their duties to their clients as Acre + Lot Real Estate performs our duties to our clients.

In the event the cooperating broker and/or their sales associates requests, needs, or otherwise fails to perform their duties as required by the Texas Real Estate Commission (TREC), Houston Association of REALTORS® (HAR), Texas Association of REALTORS® (TXR), National Association of REALTORS® (NAR) and its Code of Ethics, and the Multiple Listing Service (MLS) as part of a proposed or active real estate transaction requiring Acre + Lot Real Estate and our Sales Associates to perform those activities, Acre + Lot Real Estate will issue an itemized billing invoice to the cooperating broker at the end of the transaction, whether termination for any cause or at closing.

Failure of the cooperating broker to pay Acre + Lot Real Estate for our cooperative consulting services within 120 days of the payment due date of the invoice may result in the charges being reported to credit reporting agencies and/or debt collection agencies.

Acre + Lot Real Estate’s Broker and Sales Associates are not attorneys and do not offer legal advice to cooperating brokers and their sales associates. If you have any legal questions, we advise you to contact an attorney.

Fee Schedule: $100.00 flat rate paid directly to the Broker.”