Business Entity Broker
TREC Adopts Revised Forms, Proposes Rule Changes to Clarify the Unauthorized Practice of Law
Submitted by Summer Mandell on Wed, 2022-11-09 13:43The Texas Real Estate Commission met November 7 and received updates from advisory committees and staff, adopted revised forms, and proposed revisions to rules related to the inspection form and the unauthorized practice of law. Here are a few key takeaways from the meeting.
Appointments Made to ESAC, TREIC
The Commission appointed the following individuals to serve on the Education Standards Advisory Committee (ESAC):
BRWG Discusses Who Should Take Broker Responsibility Course and When
Submitted by Summer Mandell on Mon, 2022-10-31 12:10The Broker Responsibility Working Group (BRWG) met October 12 and discussed requirements for obtaining and renewing a broker’s license, as well as property management issues.
My business entity is a series LLC. What documents are required to be submitted with the Franchise Tax Account Status page?
Do You Really Have to Provide a Flood Disclosure for Temporary Residential Leases?
Submitted by Summer Mandell on Fri, 2022-08-26 10:45Yes. A bill passed during the 87th Texas Legislative Session does not generally exempt landlords of temporary residential leases from providing a disclosure notice about whether the landlord is aware that the dwelling is located in a 100‐year floodplain or that the dwelling has flooded within the last five years.
Comment on Proposed TREC Form Revisions by September 26
Submitted by Summer Mandell on Wed, 2022-08-17 09:19The Texas Real Estate Commission at its August meeting proposed form revisions recommended by the Texas Real Estate Broker-Lawyer Committee. The Texas Real Estate Broker-Lawyer Committee an advisory body consisting of six attorneys appointed by the president of the State Bar of Texas, six brokers appointed by TREC, and one public member appointed by the governor.
Landlord's Floodplain and Flood Notice
Buyer's Temporary Residential Lease
Seller's Temporary Residential Lease
Broker Responsibility Group Proposes New Rule on Response Times, Adding Oversight to Sales Agent’s First-Time Brokerage Activity
Submitted by Summer Mandell on Fri, 2022-07-22 12:05The Broker Responsibility Working Group (BRWG) met July 13 and acted on two proposals related to broker oversight and sales agents’ response times.
Proposed Rule
BRWG proposed a new rule, 535.157, that requires a broker or sales agent to respond to their principal, a broker or sales agent representing another party to a real estate transaction, or an unrepresented party to a real estate transaction within two calendar days.