Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development (HUD) have created new guidelines for Reconsideration of Value (ROV) policies with clearer expectations for lenders, appraisers, and borrowers.
ROVs are used when borrowers wish to appeal an appraisal when they believe the opinion of value is unsupported, deficient because of unacceptable appraisal practices, or reflects discriminatory practices.
The Sunset Advisory Commission is conducting a special-purpose review of the Texas Real Estate Commission (TREC). By law, the scope of the review is strictly limited to reviewing the legally required disclosures made by a seller of real property and the associated disclosure forms developed by TREC. Sunset staff welcomes public comments related to this topic.
Continuing Education (CE) providers play a key role in ensuring real estate professionals receive ongoing training. TREC Rule 535.75 outlines important responsibilities that CE providers must adhere to.
Want your real estate continuing education (CE) submission process to go more smoothly? Use this checklist each time you submit an application.
Remember, CE course fees must be calculated based on the following information. All courses must include the base fee and content review fee. In addition to the base and content review fees, fees for each delivery method in which the course will be offered are required.
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.
Record-breaking attendance made the TREC Meeting in Dallas-Fort Worth (DFW) a standout and marks the Commission's second out-of-Austin meeting. Branching out of the Texas Capitol Complex in Austin—where TREC is headquartered—is an initiative that began last year in an effort to connect with more license holders and Texans. Houston was the first stop in 2023 with roughly 80 attendees.
They are still happening: Real estate leasing scams continue to pose a threat to property owners in Texas, especially in the greater Houston area, prompting the Texas Real Estate Commission (TREC) to issue warnings such as this press release sent to more than a dozen news outlets—most of them based in the southeastern part of the state—including
The Texas Real Estate Commission Meeting is at 10:00 a.m. CT in Dallas.
The Texas Real Estate Commission’s Enforcement Division has 37 people—10 attorneys, legal assistants, and investigators. They enforce the laws and rules that regulate real estate brokers, sales agents, real estate inspectors, and timeshare plans, through the investigation of consumer complaints. They also review the fitness of an applicant for licensure.
The only way enforcement can initiate an investigation is through a filed complaint, which can be done by anyone.
Lowering broker education requirements, raising experience requirements? What about broker associates? These are some of the questions raised during the Texas Broker Responsibility Advisory Committee’s (BRAC) April 23 meeting.
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SB 2212 amends Chapter 1101 to codify the clarifying changes to TREC rules regarding sale of certain equitable interests in real property.
Written By: Paul Staron - Examination Board of Professional Home Inspectors
TREC is pleased to announce the Senate confirmation of Governor Abbott's appointments to the Commission on May 21, 2017. Broker member Bob Leonard of San Antonio, broker member Rayito Stephens of Houston and public member TJ Turner of Austin.
The appointees will continue to serve the Commission and consumers of Texas until their terms expire. Read more on each of these appointees and the Commission on our "About the Commission" page.
Information you need to know to renew your Business Entity Broker license.
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If you feel there has been a violation of The Real Estate License Act , or TREC rules
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