Starting in January 2024, license holders will have the option to register certain LLCs and S-Corps with the Texas Real Estate Commission to accept compensation. The registered entity cannot perform any other brokerage activity and must be 51% owned by the license holder on whose behalf the entity receives compensation.
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What You’ll Need to Register Your Business Entity With TREC
12/20/2023
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TREC Appoints Committee Members, Proposes Voluntary Form for MUD Disclosure
11/08/2023
The Texas Real Estate Commission (TREC) met November 6 for its final quarterly meeting of 2023. TREC Chair Scott Kesner recognized a group of license holders who attended to earn Continuing Education (CE) credit. This was the first opportunity to earn CE credit by attending a quarterly TREC meeting under a rule change adopted by the Commission in August. Previously, license holders could only earn credit by attending the February TREC Meeting.
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Want to Receive Your Compensation Through an LLC or S-Corp? There’s A New Option Coming January 2024
11/03/2023
As of now, the only way a license holder can receive compensation through a business entity is by obtaining a business entity real estate broker license. Effective January 2024, license holders will have the option to register LLCs and S-Corporations (S-Corps) with TREC for the sole purpose of receiving compensation, as long as those entities meet certain requirements.
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Message From TREIC Chair Lee Warren: October 2023
10/26/2023
The Texas Real Estate Inspector Committee (TREIC) met on October 16 for the final meeting of the calendar year. This meeting marks the last meeting for multiple members on the committee. Steve Rinehart, Shawn Emerick, Keisha Moulton, and Dave Motley have graciously volunteered their time to help make the inspection industry better. Their contributions have been extremely valuable and greatly appreciated.
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BLC Recommends Commission Propose New Voluntary Form
10/18/2023
The Texas Real Estate Broker-Lawyer Committee (BLC) met October 13 and continued discussing possible revisions to contract forms and recommended one new form for proposal.
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ESAC Talks Principles I and II Course Content
10/16/2023
The TREC Education Standards Advisory Committee (ESAC) met October 2 and discussed draft revisions to the Principles I and II course content. ESAC also discussed combining the Principles I and II courses into a single 60-hour Principles course and making this course a pre-requisite for the four additional pre-licensing courses. The committee asked staff to look into the feasibility of their recommendations and will continue discussion at the January 8, 2024 meeting.
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Coming October 1: If Your License Expires, It Also Goes Inactive
09/06/2023
Starting October 1, active license holders whose licenses expire will be set to inactive status as of the expiration date, and any license relationships to sales agents and/or brokers will be terminated.
If you late renew—up to six months after your expiration date—your license will be renewed on inactive status.
These changes were adopted during the May TREC Meeting.
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Two Updated Forms to Use Starting September 1
08/30/2023
Legislation passed by the 88th Texas Legislature requires the Texas Real Estate Commission to update two frequently used forms: the Consumer Protection Notice and the Seller’s Disclosure Notice.
Consumer Protection Notice
What changed? It no longer references the real estate inspection recovery fund, which was repealed this session.
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License Holders’ Contact Information Becomes Private September 1
08/30/2023
A bill passed by the 88th Texas Legislature requires all licensing agencies, including the Texas Real Estate Commission, to remove or redact certain details about applicants and current and past license holders in publicly available information, such as the TREC website license holder search or via public information requests.
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How to Comply With the New Response Time Rule
08/30/2023
A new rule effective earlier this summer sets a timeline of two calendar days to respond to parties to a real estate transaction you’re involved in. Here’s what you need to know.
What Is the Rule?
535.157, Obligation to Respond Timely
When Did it Go into Effect?
June 11, 2023
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From the Executive Director - January 2019
01/14/2019
Happy New Year! As we return recharged from the holidays and gear up for the season, there are some key items to keep us busy in the very near future. So let’s dive right in…
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From the Chair - Inspectors - December 2018
12/17/2018
As we wrap up the calendar year, I want to again thank everyone who has attended meetings over the last year, both Inspector Committee meetings and Commission meetings.
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From the Chair - December 2018
12/17/2018
The Commission met on Thursday November 15 at the State Capitol. It was the longest meeting we have had in my memory, and it was also enormously fruitful for clarifying some policy expectations.
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From the Executive Director - November 2018
11/06/2018
November is upon us and the football season in Texas is more than half done. What happens in the coming weeks makes all the difference for which teams make the playoffs. Some teams are getting better and others are struggling. I hope all your favorites are “growing stronger” as the season matures.
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An Update on Customer Service From Tony Slagle, Deputy Executive Director
11/06/2018
When I was named the Deputy Executive Director of TREC and the Deputy Commissioner of TALCB in August of this year, part of my expanded role at the agency was to focus on the agency operations, particularly the frontline customer service aspects of licensing and call center performance.
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From the Executive Director - October 2018
10/17/2018
The agency has had quite a busy summer and the fall continues to bring a steady stream of challenges. As we continue working through all the issues which arise, especially through the Sunset process, know that we remain fully committed to exploring every effective option available to improve this agency’s performance. First and foremost, our mission has not changed and our dedication to accomplish it in the most effective, efficient and transparent manner is shared by our policymakers and o
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From the Chair - Inspector Comittee - September 2018
09/06/2018
I want to personally thank all of the inspectors who took time out of their schedules to make the trip to Austin to attend the August 13th Texas Real Estate Commission meeting in person. I know that your time is valuable and the TREI Committee and I always value your input and appreciate your continued interest and involvement.
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From the Chair - September 2018
09/06/2018
The extended heat of August has been relieved a bit by rains in early September. I hope the typical market frenzy of summer has moderated a bit so you can focus on your professional development as well.
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From the Executive Director: A Progress Report to Agency Stakeholders
07/12/2018
The agency has committed to implement a variety of measures to improve our customer service. This is a quick review of what we have done so far and what additional steps remain to be implemented to enhance our responsiveness.
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From the Chair - Inspectors - May 2018
05/11/2018
The Inspector Committee has had a busy couple of months since it last met in February. On March 26th, the Inspector Consumer Issues Working Group met to review issues regarding inspector financial responsibility and insurance requirements and to also make recommendations for the Committee to consider. In addition to the Inspector Committee members, the Working Group included Paul Roebuck representing TPREIA and Mike Hammel representing TAREI.
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Inspector Committee Accepting Applications for Members
12/12/2018
The Texas Real Commission is accepting applications for appointment to open Inspector and public member positions of the Texas Real Estate Inspector Committee.
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Sunset Commission Staff Report Published
10/03/2018
The Sunset Commission has published on its website the Staff Report for the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board. The Commission and Board will hold a joint meeting on October 12th in Austin to coordinate the Agency’s written response.
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AGENCY RECEIVES DISTINGUISHED AWARDS
08/31/2018
Austin, TX – The Texas Real Estate Commission and Appraiser Licensing & Certification Board is pleased to announce the agency has won two coveted Association of Real Estate License Law Officials (ARELLO) Communications Awards. One is for the new integrated communications plan, and the other for Board and Commission meeting communications.
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Using "Realty" In Team Names
08/14/2018
At the Commission Meeting on Monday, August 13, 2018, the Commission adopted changes to the advertising rules (§535.155) allowing Broker team names to include the term "realty," so long as the other requirements for team names are met.
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Customer Service Matters: How the Agency Has Improved
07/23/2018
Good news! TREC and TALCB have implemented a new tool to improve customer service. A new call tree system has been added to our main customer services lines. This new system allows callers to select from a list of options that will direct them to the best available person to address their issue to get the answers or help they need.
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Progress Report from Our Agency to Texas:
06/14/2018
In early April, the Texas Real Estate Commission publicly apologized to Texans for the unacceptable quality of our customer service efforts and we promised to take a number of steps to do better. This is a progress report on what we have done so far and what additional steps remain to be implemented to restore and improve our service.
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The Sunset Review of the Texas Real Estate Commission and Texas Appraiser Licensing & Certification Board
04/20/2018
The mission and performance of the Texas Real Estate Commission and Texas Appraiser Licensing & Certification Board are under review by the Legislature as required under the Texas Sunset Act. The Act provides that the Sunset Commission, composed of legislators and public members, periodically evaluate a state agency to determine if the agency is still needed and to explore ways to ensure that the agency's funds are well spent. Based on the recommendations of the Sunset Commission, the T
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To The Consumers and License Holders of Texas:
04/10/2018
The Texas Real Estate Commission takes pride in providing high quality education and licensing services, and effective consumer protection across Texas. In recent months, there have been significant issues with the quality of customer service we are providing to consumers and to our license holders. I take personal responsibility for addressing these issues.
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Broker Responsibility Working Group Appointments Announced
03/15/2018
The Texas Real Estate Commission is pleased to announce the appointment of members to the Broker Responsibility Working Group (BRWG). The BRWG reviews experience requirements and role responsibilities for brokers and makes recommendations to the Commission based on its findings. Members will meet four or five times in the next 10 months to complete the charge given to them by the Commission.
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2nd Annual Residential Realty Summit in Austin
03/06/2018
Monday, April 2 in Austin from 10 AM to 3 PM.
Join us for our Agency’s 2nd annual Texas Residential Realty Summit. This annual conference focuses on current issues affecting the successful closing of single family residential transactions transaction from an interdisciplinary perspective.
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