Realtors in Allen

A TREC license is required to act as a broker or sales agent in Texas. Sales agents need 180 classroom hours, a background check and an exam, and must work under a sponsoring broker, who answers for their work; brokers need four years of active experience in the prior 60 months. Run an Allen agent's name through TREC's License Holder Lookup to see whether the license is active, any discipline, completed education and who sponsors them.

All Texas license holders must give you TREC's Consumer Protection Notice (CN 1-5, effective September 1, 2023), and brokers must link to the IABS form on their website homepage. Complaints go to TREC in writing through its REALM Portal within four years, and cannot be anonymous. TREC's Recovery Trust Account can pay unpaid court judgments against license holders, up to $125,000 per transaction.

Texas agents must use TREC's promulgated forms. Under the resale contract, form 20-19, the buyer delivers the earnest money and option fee to the escrow agent within 3 days of the effective date, and the option fee is credited at closing. Cancel within the option period and you keep the earnest money but not the option fee.

A seller of a single-dwelling home gives a written Seller's Disclosure Notice by the contract's effective date. If it arrives late, the buyer may terminate for any reason within seven days of getting it. Commissions are negotiable and not set by TREC; a buyer agreement must say so. Confirm contract questions with a licensed Texas real estate broker or attorney.

• Exemption. File the homestead exemption with Collin CAD, generally before May 1. Under Tax Code amendments effective November 4, 2025, school districts give $140,000, and owners 65 or older or disabled get $60,000 more. Confirm what applies to your home with Collin CAD.
• Protest. Appeals go to the Collin Appraisal Review Board by May 15 or 30 days after your notice, whichever is later.
• Prices. Sale prices are not reported to Texas appraisal districts, and they may not release privately obtained sales data except in protests, so ask your agent for comparables.
• Taxes you will not pay. The Texas Constitution bars a state tax on individuals' net incomes and any new transfer tax on sales of real property.

Confirm tax questions with a tax adviser, and check the valuation on your first notice after closing, since appraisal is as of January 1 each year. See the Texas real estate guide, book Allen movers once you close, read the Allen city page, or compare realtors in Plano.