TREC Broker Responsibility Working Group
The meeting agenda and any meeting materials can be found under 'Meeting Materials' on the right side of this page. These minutes set out the agenda item, the subject matter discussed, and any action taken on each item. To hear the full discussion on any agenda item, click on the link, and you will be taken directly to that section of the meeting video on the right side of the screen.
Note: While the written portion of the minutes below are published in agenda order, the items may have been presented in a different order.
Agenda Item 1 Call to Order
ACTION: Chair Brown called the meeting to order at 10:00 a.m.
Members present: Chance Brown, Bob Baker, Socar Chatman-Thomas, Holly Hightower, Yazmin Perez, Bill Roth, Ty Williams
Members absent: Pam Titzell
Commission liasions present: Leslie Lerner, Jan Fite Miller, and Barbara Russell
Brian Sales joined the meeting at 10:01 a.m.
Agenda Item 2 Opening Remarks from the Chair
Agenda Item 3 Public comment, including any written public comment received, on non-agenda items
Agenda Item 4 Discussion and possible action regarding property management
ACTION: Ty Williams, seconded by Brian Sales, moved to recommend that the Commission explore the idea of creating a process to register license holders performing property management services, provide that registration information to the public, and require an education component for those license holders. The motion passed with Bill Roth voting nay.
The committee took a break at 11:24 a.m.
Chair Brown reconvened the meeting at 11:31 a.m.
Agenda Item 5 Discussion and possible action regarding distinction between a broker, a sponsoring broker, and a designated broker and possible changes to related requirements
ACTION: The committee agreed by consensus that there is a difference between an independent broker and sponsoring broker. Bob Baker, seconded by Ty Williams, moved to require that all sales agents take the Broker Responsibility course prior to their application for a broker license and that all brokers take the Broker Responsibility Course before each renewal. The motion passed with Bill Roth voting nay.
Agenda Item 6 Discussion regarding E&O insurance requirements for LLC’s and how it relates to sales agents
ACTION: The committee decided by consensus to ask staff to provide the current business entity broker application and relevant statute at its meeting in January.
Agenda Item 7 Discussion and possible action regarding future agenda items and meeting dates
• Suggested meeting dates: Wednesday, January 11, 2023
• Alternate dates: Tuesday, January 10, 2023, or Thursday, January 12, 2023
ACTION: The committee requested the following items be added to the next agenda:
Solutions and suggestions on how to address broker responsibility, including advertising and social media posts;
Discussion regarding teams and the way things may be changing in brokerages and organizations thus creating a different chain of supervision;
Discussion and possible action regarding business entity broker application and statute and how it relates to E&O insurance requirements; and
Discussion regarding brokers, associated brokers, and delegated supervisors.
The next meeting is scheduled for January 11, 2023.
Agenda Item 8 Adjourn
ACTION: The meeting adjourned at 12:34 p.m.