TREC Form Changes Effective February 1, 2023
Submitted by Summer Mandell on Wed, 2022-11-09 13:34The Texas Real Estate Commission on November 7 adopted form revisions recommended by the Texas Real Estate Broker-Lawyer Committee (BLC).
Real Estate Broker Individual
The Texas Real Estate Commission on November 7 adopted form revisions recommended by the Texas Real Estate Broker-Lawyer Committee (BLC).
The 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.
The Texas Real Estate Commission has launched new enhancements to the online services portal to make it easier for easement or right-of-way agents and brokers to submit certain applications.
The Easement or Right-of-Way Agent or ERW Business initial applications are now available on the online services portal. This allows easement or right-of-way agents to apply online instead of submitting a paper application, although paper applications will still be accepted.
Yes. 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.
The 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.
The Broker Responsibility Working Group (BRWG) met July 13 and acted on two proposals related to broker oversight and sales agents’ response times.
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.
The Texas Real Estate Commission's Education Standards Advisory Committee (ESAC) is accepting applications to fill two education member positions by real estate instructors or owners of real estate schools, accredited by the Commission, that provide qualifying or continuing education. It is also accepting applications to fill four real estate license holder positions.