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 Education Standards Advisory Committee (ESAC) met April 4. Members of the committee made plans to review the qualifying course outline for property management and discussed how to incorporate education on the broker-agent relationship in existing courses.
In late January, the Texas Real Estate Commission launched an online survey to gather information from wholesalers, consumers who have purchased from or sold property to wholesalers, and license holders who have represented a party in a wholesaling transaction.
A bill passed during the 87th Texas Legislative Session moved the regulation of residential service companies, also known as home warranty companies, from the Texas Real Estate Commission to the Texas Department of Licensing and Regulation (TDLR). TREC adopted a change to the Consumer Protection Notice (CPN) during its February meeting to remove a reference to home warranty companies being regulated by TREC.
The process to apply for your Texas broker’s license is easier to understand thanks to a recent rule change.
The Texas Real Estate Commission met February 14, 2022. In addition to hearing updates from TREC staff, the Commission elected Jan Fite Miller as vice chair and Jason Hartgraves as secretary. Read on for information on adopted and proposed rule changes.
Real estate inspectors licensed in Texas are required to follow the Standards of Practice (SOPs). These SOPs define the minimum requirements for a real estate inspection performed for a prospective buyer or seller of one to four family dwelling. Changes to the SOPs were adopted at the August TREC Commission Meeting and are effective February 1, 2022.
Changes to the general provisions now:
TREC’s Broker-Lawyer Committee met January 14 to discuss public comments and potential changes to the Farm and Ranch Contract and other contract forms. Here are some takeaways from the meeting.
The Texas Real Estate Inspector Committee met January 18, 2022. Three new officers were elected to serve in committee leadership:
The committee also made two subcommittee appointments:
The Education Standards Advisory Committee (ESAC) met January 3 and discussed potential courses and appointed new leadership.
The committee appointed three new officers to serve through 2022:
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