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).
The Texas Real Estate Commission on November 7 adopted form revisions recommended by the Texas Real Estate Broker-Lawyer Committee (BLC).
In August, the Texas Real Estate Commission proposed changes to several TREC forms based on recommendations by the Texas Real Estate Broker-Lawyer Committee (BLC). TREC received 123 public comments about the changes, which BLC will review and consider during its upcoming meeting on Friday, October 14.
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 87th Texas Legislature passed a bill requiring the Texas Real Estate Commission to collect management certificates and amended management certificates from property owners’ associations—also known as homeowners associations (HOAs)—and make the certificates publicly available online.
The Broker Responsibility Working Group (BRWG) met April 13 and made two proposed recommendations that will be discussed during the next TREC Workshop on May 3. Feedback from the TREC Workshop discussion will be part of the next BRWG meeting in July.
The TREC Broker-Lawyer Committee (BLC) met April 8. The committee received updates from various working groups and made recommendations for the Commission on form revisions and a new form.
The meeting started with attorney members electing John George to serve as attorney co-chair and Aimee Slusher as alternate co-chair.
Last week we celebrated Veterans Day. We have many license holders who have served our country in the military. Your sacrifices have not gone unnoticed, and I am grateful for your service.