Realtor Rules

Dear Realtors, 

The transfer fee is equal to 0.75% of the greater of (a) gross purchase price of the Parcel as shown on the closing statement or (b) the appraisal of the Parcel as shown on the then-current record of the Harris County Appraisal District (HCAD). The new owner is obligated to pay a one-time assessment (transfer fee) when a Parcel is conveyed by one person to another (except accompanying the division of community property after a divorce or as the result of the death of an owner). However, divorcees and family members that inherit the property due to the result of the death of an owner do have to pay a transfer fee of $175.00. This has to be submitted in writing at the moment of the request.

All bank institutions or other secured creditors that have repossessed a Parcel in Green Ridge North Community have to pay the 0.75% transfer fee (mentioned above). We will also need a Green Ridge North foreclosure form to be filled out and submitted with payment for our records. It is the bank institutions or other secured creditor responsibility of maintaining the Parcel clean and mowed until the property is sold. If for some reason the Parcel is not maintained the Green Ridge North Community home association have the right to maintained and invoiced the bank institutions or other secured creditor.