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TREC's Houston Highlights: Changes to Broker Responsibility & Inspection Reports, 'Lookback Period' Soon to End, Comment Now on Proposed Changes

To reach more license holders, the Texas Real Estate Commission broke away from its Austin headquarters for the first time ever to meet in Houston on May 16. It was TREC’s second meeting of 2023. There were more than 80 attendees.

Welcoming New Commissioners, Thanking the Outgoing

TREC’s Chair, Scott Kesner, opened the meeting with a welcome to TREC’s newest Commissioners: Chance Brown, Renee Harvey Lowe, and Stuart Bernstein.

Ongoing Fraud: There's Another Scheme License Holders Should Be Aware Of

The Texas Real Estate Commission is assisting the Texas Land Title Association (TLTA) in educating license holders of trending fraud schemes. 

Over the last several months, TLTA is seeing more people fall victim to seller impersonators. Prime target properties are vacant land or investment property such as vacation homes, second homes, rental properties, and any other instance where the tax mailing address is different than the property owner’s address.

Appointees officially confirmed to the Texas Real Estate Commission

The Texas Real Estate Commission is pleased to welcome three new members. Chance Brown, Renee Harvey Lowe, and Stuart Bernstein were confirmed by the Texas Senate on April 26, 2023. Texas Governor Greg Abbott appointed them for terms set to expire on January 31, 2029. 

Harvey Lowe and Brown will both serve as broker members, Bernstein will serve as a public member of TREC.

 

Broker Responsibility Working Group April meeting recap includes proposed rule changes

The Broker Responsibility Working Group (BRWG) met April 12. Members reviewed public comment submitted in response to a new proposed rule, 535.157 — Obligation to Respond Timely, and proposed changes to 535.2 — Broker Responsibility Rule. The group also continued discussion regarding the difference between a broker and a sponsoring broker, and whether there should be additional education requirements for sponsoring brokers.

What Every License Holder Needs to Know About Going Inactive

An unexpected illness, a new opportunity, a change in the market, or a change in your personal life: These are all common reasons why Texas Real Estate Commission (TREC) license holders may take a break from the business.

Whether your break is planned or unexpected, setting your sales agent, broker, or inspector license to inactive status before your renewal or renewing as inactive is the best move if you want return to the real estate business in the future. Here’s why.

Message from the Texas Real Estate Inspector Committee Chair

The Texas Real Estate Inspector Committee (TREIC) met in January, and there were a couple of items from that meeting that were forwarded to the Commissioners for approval. The first was a modification of a rule regarding when multiple check boxes are used. This rule makes it clear that if an inspector chooses more than one check box, that an explanation must be provided. For instance, if only the Inspected box is checked with no other comments, it could be determined that the area in question was inspected, and no deficiencies were observed.

What to Expect at the Next TREC Meeting

The Texas Real Estate Commission’s advisory committees and working groups have made several recommendations that the Commissioners will discuss and potentially propose or adopt during the TREC Meeting on February 13. Here are the highlights of what will be considered, including inspection report rule changes, proposed SAE requirements, and changes that affect broker responsibility and sales agent oversight of brokerage activity.