The changes listed below, recommended by the Broker-Lawyer Committee, were adopted by the Texas Real Estate Commission during its November 4 meeting. These apply to all contract forms unless specified otherwise.

During the August TREC Meeting, the Commission adopted new rule 535.124, Death of a Designated Broker, to detail agency practice and provide better guidance in the event the designated broker of a licensed business entity which sponsors sales agents dies.

The Texas Broker-Lawyer Committee (BLC) met twice in July to discuss its routine work of reviewing TREC’s forms, but also to discuss potential changes to the TREC contract forms as a result of the proposed NAR settlement related to compensation.

During the May 2024 TREC Meeting, the Commission proposed a new rule to address broker succession when the designated broker for a business entity passes away.