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Aaron Farmer Broker/Owner Texas Discount Realty www.TexasDiscountRealty.com 512-585-9520 Aaron@TexasDiscountRealty.com. Member. National Association of Realtors Texas Association of Realtors Austin Board of Realtors & MLS Houston Association of Realtors & MLS

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  1. Aaron FarmerBroker/Owner Texas Discount Realty www.TexasDiscountRealty.com512-585-9520Aaron@TexasDiscountRealty.com

  2. Member • National Association of Realtors • Texas Association of Realtors • Austin Board of Realtors & MLS • Houston Association of Realtors & MLS • San Antonio Board of Realtors & MLS • Arlington Board of Realtors & NTREIS MLS • Bryan/College Station Realtors & MLS • Waco Board of Realtors & MLS • New Braunfels Board of Realtors & MLS • Alice Board of Realtors • Tyler Board of Realtors

  3. My Business • Founded in Summer of 2000, Austin, TX • Work primarily with sellers • Offer 3 different listing packages • Flat Fee: $595 - Limited Service Listing • Flat Fee Plus: $495 + $1500 at closing for full service assistance once a buyer surfaces • Full-Service Plan: 4% to 6% paid at close. Assistance from start of listing to the closing. • Rebates to buyers who do their own leg work.

  4. Minimum Service Laws • Texas 1st state to pass one September 2002 • First Shot Fired - Filing in Texas Register • Filed suit November 2002, granted TRO • TREC Repealed Rule • New Rule Proposed February 2005 • DOJ & FTC write letter to TREC saying this new rule will harm consumer competition • April 2005 TAR has rule attached to a housekeeping bill 11 days before the end of the session. • Governor Perry $igns law. Went into effect Sept 1, 2005

  5. Present • Who is behind these laws? • Arguments for the laws. Fiduciary Duties. • Last year 3,500 complaints against “Traditional Brokers” in Texas. • NONE against limited service brokers, EVER! • Competition? • Harassment and Discrimination!

  6. Future • Minimum Service Laws – my prediction

  7. Conclusion • Must stop the LIES and Discrimination! Not every consumer is the same. • Most Alternative Brokers are REALTORS too! Aaron@TexasDiscountRealty.com

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