Yes, but only if the business entity is licensed by TREC. A business entity owned by a broker or a sales agent that receives compensation on behalf of a license holder must hold a business entity broker’s license. If a business entity receives such compensation and does not hold a license, the business entity is engaging in unlicensed activity and the Commission can take action against the entity.

October is here. It is finally cooling off outside and the hints of fall in the air give me a spirit of optimism for our future.  I hope that is true for you too.

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.

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.