Real Estate Broker Individual
After reviewing public comments and feedback from Commissioners, the Broker Responsibility Advisory Committee (BRAC) met on April 8 to continue its discussion over the minimum experience points and education hours required to earn a broker’s license. Meeting highlights also include the group reminding brokers of the timeframe for removing TREC-registered team names.
The Education Standards Advisory Committee (ESAC) met on April 7 to hear updates from agency staff on the upcoming launch of a new licensing system, and to review rule changes related to exam proctoring.
Later this year, the Texas Real Estate Commission (TREC) is rolling out a new licensing system that will allow TREC-approved education providers to submit course and provider applications online. This also means all documentation typically required with those applications will be submitted through the new online format.
The Information About Brokerage Services (IABS) form now clarifies to the consumer that any brokerage fees are not set by law and are negotiable. The new form is available for voluntary use until April 1, 2025, when its use becomes mandatory.
The Broker Responsibility Advisory Committee (BRAC) met January 15. It held elections for officers and selected the following:
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