Realtors in Prosper

In Texas, acting as a real estate broker or sales agent requires a TREC license. A sales agent must act for a sponsoring licensed broker, who is responsible for everything the agent does. The License Holder Lookup shows whether the license is active, any discipline, the agent's education and the sponsoring broker.

Every Texas license holder must give you TREC's Consumer Protection Notice, currently CN 1-5, and the Information About Brokerage Services notice (IABS 1-2, effective January 1, 2026) at the first substantive talk about a property. Complaints go in writing through TREC's REALM Portal within four years and can't be anonymous.

Prosper buyer agreements since 2026

Since January 1, 2026, an agent working for a homebuyer must sign a written agreement with the buyer before showing a home. It must state the broker's pay and that compensation isn't set by law and is fully negotiable. TREC can't force a broker to release you from that agreement, so read the term and termination clauses first.

Homes in the Collin County part of Prosper are appraised by the Collin Central Appraisal District; appeals go to the Collin Appraisal Review Board. The Denton County part is handled through the appraisal district portal at dentoncad.com. Districts value property as of January 1 each year.

• Homestead exemption. Under Tax Code amendments effective November 4, 2025, school districts must give a $140,000 residence homestead exemption, plus $60,000 more for owners 65 or older or disabled. Apply at the appraisal district, generally before May 1, and confirm the amounts with it.
• Protests. Generally due by May 15 or 30 days after the notice is delivered, whichever is later.
• Transfer taxes. The Texas Constitution bars new laws, enacted after January 1, 2016, that tax a sale conveying fee simple title.

Confirm tax questions for your purchase with a tax adviser or licensed Texas real estate broker.

Texas agents must use TREC's promulgated forms. The most common is the One to Four Family Residential Contract (Resale), form 20-19, effective July 1, 2026. The buyer delivers earnest money and the option fee to the escrow agent within 3 days of the effective date; the option fee buys a right to walk away within the agreed days and is credited to the price at closing. Ask the seller for the written Seller's Disclosure Notice before the contract is effective.

Before an offer, check the address on FEMA's Flood Map Service Center. Commissions are set by your agreement with each professional, and TREC doesn't regulate them. Statewide, the Texas median home price was $339,000 in July 2026, per Texas A&M's research center. See the Texas real estate guide, compare realtors in Frisco, book movers in Prosper, and see the Prosper town page.

This is general information; confirm contract terms with a licensed Texas real estate broker or attorney.