Yes, but only if the business entity is licensed by TREC. A business entity owned by a broker or a sales agent that receives compensation on behalf of a license holder must hold a business entity broker’s license. If a business entity receives such compensation and does not hold a license, the business entity is engaging in unlicensed activity and the Commission can take action against the entity.

Intermediary relationships have been part of The Texas Real Estate License Act (TRELA) for well over a decade. Even though these relationships have been well established, there is still confusion about how it works.

An intermediary is a broker who negotiates a real estate transaction between two parties when a broker, or a sales agent sponsored by the broker, has obtained written consent from the parties to represent both the buyer and the seller. A broker acting as an intermediary can make appointments in some circumstances.

The Texas Real Estate Commission is soliciting interest for membership of the 2020 Broker Responsibility Working Group (BRWG).  The BRWG will make recommendations to the Commission based on the scope of its charge and will likely meet four or five times over the 2020 calendar year.  The Commission is charging the BRWG to examine experience requirements for potential substitution of education requirements to become a broker.  The BRWG will review broker licensing requirements, minimum competency requirements, broker mentorship programs, minimum service requirements in rela

Many rules were adopted at TREC’s November 19, 2019 meeting, including rule changes to implement Sunset Advisory Commission recommendations and mandates, changes to implement other legislation, and fee changes.   Additionally, TREC considered recommendations by the Broker-Lawyer Committee related to promulgated forms. 

AUSTIN, TX - The Texas Real Estate Commission (the Commission) is pleased to announce the recent appointments of two new committee members and two reappointments to the Education Standards Advisory Committee (ESAC). Public member, Rick Albers of Austin and educator member, Candy Cooke of Round Rock, have been appointed; and broker members, Rob Cook of Houston and Sarah Norman of Bryan have been reappointed to ESAC, with terms set to expire in December 2021.

TREC recently amended §535.148 (and made conforming changes to §535.220) to strengthen settlement service provider independence and provide clarity about consumer protection issues when a license holder pays funds to or receives funds from another real estate settlement service provider.  TREC has long had rules in place limiting an inspector’s ability to engage in what is commonly known as “pay to play.” However, TREC has not had explicit rul