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TREC's Houston Highlights: Changes to Broker Responsibility & Inspection Reports, 'Lookback Period' Soon to End, Comment Now on Proposed Changes

To reach more license holders, the Texas Real Estate Commission broke away from its Austin headquarters for the first time ever to meet in Houston on May 16. It was TREC’s second meeting of 2023. There were more than 80 attendees.

Welcoming New Commissioners, Thanking the Outgoing

TREC’s Chair, Scott Kesner, opened the meeting with a welcome to TREC’s newest Commissioners: Chance Brown, Renee Harvey Lowe, and Stuart Bernstein.

Ongoing Fraud: There's Another Scheme License Holders Should Be Aware Of

The Texas Real Estate Commission is assisting the Texas Land Title Association (TLTA) in educating license holders of trending fraud schemes. 

Over the last several months, TLTA is seeing more people fall victim to seller impersonators. Prime target properties are vacant land or investment property such as vacation homes, second homes, rental properties, and any other instance where the tax mailing address is different than the property owner’s address.

Appointees Officially Confirmed to Texas Real Estate Commission

The Texas Real Estate Commission is pleased to welcome three new members. Chance Brown, Renee Harvey Lowe, and Stuart Bernstein were confirmed by the Texas Senate on April 26, 2023. Texas Governor Greg Abbott appointed them for terms set to expire on January 31, 2029. 

Harvey Lowe and Brown will both serve as broker members, Bernstein will serve as a public member of TREC.

 

TREC Adopts Changes to Inspection Report Rule, Proposes Rule Changes Related to Unauthorized Practice of Law, Broker Responsibility, Education Requirements, License Renewal, and More

The Texas Real Estate Commission met February 13 in Austin. In addition to hearing updates from TREC staff, the Commission elected Mark Woodruff as vice chair and Ben Peña as secretary. Read on for information on adopted and proposed rule changes.

What Consumers Should Know About Texas Property Inspections

In a seller’s market, buyers may be tempted to waive an inspection entirely, or hire an inspector to do a walkthrough inspection of their ideal home to point out problems while the buyers take notes.

In a buyer’s market, sellers might think getting a similar inspection will make their listing stand out by disclosing information up front, so buyers will know what to expect.