The Texas Real Estate Commission’s Broker-Lawyer Committee (BLC) had its first meeting of the year on January 12. The committee discussed potential form changes, reviewed public comments, and took a deep dive into recent case law, but one notice stole a chunk of the conversation. Here are some of the highlights.

The Texas Real Estate Inspector Committee (TREIC) met January 16 via teleconference due to inclement weather in Austin. This was the first meeting of the year, and as a result, there were a number of new members to welcome.

The Texas Real Estate Commission’s Education Standards Advisory Committee (ESAC) opened its first meeting of the year with a welcome to four new members. The new license holder members are Amanda Nichols and Thomas Carl Leatherman. The new education provider member is Cynthia Baas. The new public member is Rita Blevins. 

Officers Election

ESAC held elections and selected Bill Steddum, Jr. as chair, Byron Underwood as vice chair, and Michael Crowley as secretary.

As of January 2024, license holders 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.

2024 marks 75 years of the Texas Real Estate Commission (TREC) and its work to protect consumers in their real estate transactions. As that new chapter soon opens, here are some highlights from the Commission’s efforts during the last 12 months.

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.

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.

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.

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.

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.