The Broker Responsibility Working Group (BRWG) met July 13 and acted on two proposals related to broker oversight and sales agents’ response times.
BRWG proposed a new rule, 535.157, that requires a broker or sales agent to respond to their principal, a broker or sales agent representing another party to a real estate transaction, or an unrepresented party to a real estate transaction within two calendar days.
Proposed Rule Amendments
BRWG proposed amending 535.2(i)(5) to increase the minimum number of times a broker must ensure assistance and coaching for a new brokerage activity performed by an agent from one time to three times. The committee also proposed amending 535.2(j) to modify the language of that subsection to accommodate the new rule 22 TAC 535.157, which requires both brokers and sales agents to respond to principals to a real estate transaction or their license holders within two calendar days.
Where to Find Meeting Materials
Find meeting materials on the meeting page.
Upcoming Meeting Information
The next meeting of the Broker Responsibility Working Group is Wednesday, October 12. In accordance with normal Commission practice, any meeting materials will be available on the TREC website before the meeting. To participate by providing public comment during the meeting, contact firstname.lastname@example.org by 5 p.m. CT on Tuesday, October 13, along with the agenda item number you wish to speak on. If you are unable to attend the meeting live, you can email your public comments instead.