TREC recently amended §535.148 (and made conforming changes to §535.220) to strengthen settlement service provider independence and provide clarity about consumer protection issues when a license holder pays funds to or receives funds from another real estate settlement service provider.  TREC has long had rules in place limiting an inspector’s ability to engage in what is commonly known as “pay to play.” However, TREC has not had explicit rul

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: 

As a result of changes recommended by TREC and implemented by the Agency’s sunset bill, a separate license certificate displaying the address for each branch office maintained by a broker or brokerage will no longer be required as of September 1, 2019,

UPDATE:

The Texas Real Estate Commission (TREC) is pleased to announce that Governor Abbott has named Scott Kesner of El Paso as Chair of the Commission.  On April 24^th Mr. Kesner was confirmed by the Senate to serve on the Commission and his appointment as the Chair is effective April 25, 2019 and expires at the pleasure of the Governor. Mr. Kesner is the broker and owner of Century 21 The Edge with offices in El Paso, Midland and Snyder.

AUSTIN, TX - The Texas Real Estate Commission (TREC) is pleased to welcome Chelsea Buchholtz as General Counsel of the Texas Real Estate Commission Effective March 2019.

The Commission has received several questions about whether a broker may advertise about a service provider (such as a real estate inspector) and, if allowed, are there any limits to this type of activity?

The Sunset Commission has published on its website the Staff Report for the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board. The Commission and Board will hold a joint meeting on October 12^th in Austin to coordinate the Agency’s written response. As always, the meeting will be streamed live on our websites.

At the Commission Meeting on Monday, August 13, 2018, the Commission adopted changes to the advertising rules (§535.155) allowing Broker team names to include the term "realty," so long as the other requirements for team names are met. For example, a team name must still end with the word “team” or “group.” A team name of “John Doe Realty Group” is allowed, but a team name of “John Doe Realty” is not.

Many of you know that the Texas Real Estate Commission (TREC) and the Texas Appraiser Licensing and Certification Board (TALCB) is currently undergoing a review by the staff of the Sunset Advisory Commission. But what is a Sunset review and why is it necessary?

In the mid-1970s, many states, including Texas, established Sunset laws as a method to introduce an additional level of accountability for state agencies. Here’s a breakdown of how the process works in Texas: