
About this Event
PIDs (Public Improvement Districts)
PIDs are specialized districts created by cities or counties in Texas to fund improvements benefiting properties within a defined area.
They levy special assessments against the properties within the district to finance projects such as roads, utilities, parks, landscaping, sidewalks, and other public amenities.
PID assessments can be paid over time, typically for a period of 20 to 40 years, or they can be paid off in a lump sum.
A key differentiator is that PID assessments are generally tax-deductible, unlike HOA dues.
PUDs (Planned Unit Developments)
PUDs, in this context, refer to a specific type of residential or mixed-use development that offers flexibility in zoning regulations.
They are often designed as self-contained communities with a mix of housing, and sometimes, commercial or recreational elements.
Importantly, homes within a PUD are typically part of a Homeowners Association (HOA), which maintains the common areas and enforces community regulations.
It's important to note that the term PUD can also stand for Public Utility District, which is a different entity entirely, focused on providing utilities like water and electricity to a specific area. However, within Stephen Etzel's sphere of teaching, when discussing PUDs alongside PIDs and MUDs (Municipal Utility Districts), he generally refers to the Planned Unit Development concept.
Why it's important for real estate professionals
Understanding PIDs and PUDs, along with other special districts like MUDs, is crucial for real estate agents representing clients in Texas.
Sellers are legally obligated to disclose the existence of PIDs to potential buyers before closing, with recent changes to the law requiring signed notices that must be recorded.
These districts can impact property values, tax obligations, and the overall cost of homeownership.
Stephen Etzel's courses aim to equip real estate professionals with the knowledge to navigate these complexities and ensure smooth transactions for their clients.

Event Venue & Nearby Stays
United Real Estate Dallas, 5217 Alpha Road, Dallas, United States
USD 0.00