The Commission recently adopted changes to the following contract forms:

 Unimproved Property Contract

One to Four Family Residential Contract (Resale)

New Home Contract (Incomplete Construction)

Pursuant to section 551.0411 of the Texas Government Code, the Texas Real Estate Commission (TREC) is postponing its February 16, 2021, quarterly open meeting to February 19, 2021, at 9:00 am.  The State of Texas is experiencing unprecedented snowfall, extreme temperatures, rolling blackouts, and power outages that are catastrophic and prohibitive of conducting the meeting at its posted scheduled date and time.  TREC will take up items posted with the Secretary of State on its February 16, 202

At the November quarterly meeting of the Commission, changes were adopted to several contract forms.

One of those changes involved how the option fee is handled and delivered in the contract. The following FAQs are intended to avoid confusion on this change.

For a review of other major changes to the forms, see the Commission’s article “Rule and Contract Updates from the November Commission Meeting.”

Happy February! This month we have passed the one-year mark since the first cases of COVID-19 were reported in the US.  Much has changed in the last year, but I am proud of what our team at TREC has continued to do for the people of Texas. License applications continue to be processed smoothly, and our customer service team continues to provide excellent assistance to those who need it. I genuinely hope that this New Year brings us all peace and a shift towards more

Yes, if the sponsoring broker has delegated to you in writing the responsibility to assist the broker in complying with the Real Estate License Act and Commission rules. A license holder who leads, supervises, directs, or manages a team must also be delegated as a supervisor. A delegated supervisor may be either a sales agent or broker.

The Inspector Advisory Committee met virtually on January 15^th.  This was a lengthy meeting, as there was a lot to cover on this go around.  First off, I would like to welcome the two newest members of the IAC.  Bruce Carpenter is an inspector member from Pittsburg, and Brian Carroll is a public member from Temple.  Both of them dove right into the meeting providing feedback and giving input, so it was clear that they came prepared to be involved with the IAC. 

Did you know you are required to notify TREC within 30 days if you have been convicted of a crime even if you are already licensed?

The Texas Real Estate License Act states that if you have entered a plea of guilty or nolo contendere or have been convicted of a felony or any criminal offense that involves fraud (including misdemeanors), you must disclose this to the Commission not later than the 30th day after the final conviction or the entry of a plea of guilty or nolo contendere.

It’s a new year and our records show a lot of sales agents change brokers during this time.  TREC wants you to know the rules that apply in this situation.   

On February 1, 2021, sales agents and brokers will be required to complete at least three hours in contract-related coursework as part of the 18 hours of continuing education (CE) required to renew a license.  For your convenience, and the convenience of your students, a “contracts” search filter is available on the Approved Real Estate CE Course List, which allows license holders to search for contract-related courses on the TREC website.  

The Texas Real Estate Commission (TREC) has received many comments and requests related to license holders’ involvement in the events that occurred at the US Capitol on January 6, 2021. The Commission is limited in the action it may take against real estate license holders by the Real Estate License Act, the governing law that describes the Commission’s jurisdiction. For instance, the Commission may suspen