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Report Crimes Within 30 Days Or Face Penalties

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.

Tips on Rebates, Referrals, and other Promotions 

We regularly receive questions about the difference between rebates, referrals, and other promotions like drawings and client gifts.  First, when you are considering offering any of these make sure your advertisements are upfront and clear about what you are offering.  If there are terms and conditions to qualify then you should have them in writing and provide them in your advertisement. If you are a sales agent, seek approval of your sponsoring broker before you start offering rebates, referrals, or other promotions

UPDATE: Planning and Introductory Tour POSTPONED

Due to the extraordinary events related to the COVID - 19 outbreak TREC has decided to postpone all dates on the upcoming introductory and planning tour. We will, to the best of our ability, reschedule all planned dates. If you have further questions about TREC's response to the COVID - 19 outbreak please be sure to refer to our FAQs.

Responding to a TREC Investigation

The filing of a complaint against a real estate license holder is not uncommon.  In fiscal year 2019, the Texas Real Estate Commissions’ Standards & Enforcement Services Division (SES) reviewed 1,615 complaints filed by consumers against real estate brokers and sales agents and Commission investigators completed 467 field investigations.  

The goal of an investigation is to protect consumers and to uphold the integrity of the real estate profession by gathering the facts necessary to resolve the complaint.

A Closer Look at the 2019 Legislative Session

The 2019 Legislative Session concluded on May 27. With over 7,000 bills filed by legislators, this session was a busy one.  While the Agency’s primary focus this session was on our Sunset legislation, we did keep our eye on the progress of several bills that could have impacted the Agency in one way or another.

Below is a list the bills that passed and a brief summary of their impact the regulatory authority of the Agency. In case you missed it, we hosted a Facebook LIVE discussing these bills and more. Check out the video below: