TREC’s Broker-Lawyer Committee met January 14 to discuss public comments and potential changes to the Farm and Ranch Contract and other contract forms. Here are some takeaways from the meeting.

Effective February 1, the Property Inspection Report form (REI 7-6) is required for all real estate inspections performed in Texas.

The form reflects changes made to the Standards of Practice (SOPs), plus an updated preamble that

The Texas Real Estate Inspector Committee met January 18, 2022. Three new officers were elected to serve in committee leadership:

• Shawn Emerick, chair
• Scott Regan, vice chair
• Steven Rhinehart, secretary

The committee also made two subcommittee appointments:

The Education Standards Advisory Committee (ESAC) met January 3 and discussed potential courses and appointed new leadership.

New Committee Officers

The committee appointed three new officers to serve through 2022:

The Broker Responsibility Working Group met January 12, 2022, to discuss property management practices, public comments, and broker oversight in new agent transactions. Here is a recap of the group’s discussion.

The Texas Real Estate Commission (TREC) is conducting a study on wholesaling and seeking input from consumers, wholesalers, and license holders. Wholesaling is a model where a person enters into a contract to buy real estate and then sells their contractual interest in the property to a third party prior to closing.

The Commission recently voted to eliminate references in TREC rule §535.92(f) to professional designations and automatic CE credit for taking courses required to obtain one of these designations. These amendments eliminate an alternative path for license holders to request CE credit for professional designations and removes the list of specific designations. 

During the 87th regular session, the Texas legislature passed SB 1588 which amended Chapter 209 of the Texas Property Code governing certain property owners ' associations (more commonly known as HOAs) to address a number of HOA-related issues, including providing greater transparency in HOA operations and leadership.

We have published the video of the November 2021 "Coffee with the Commission" session. Chair Scott Kesner and Executive Director, Chelsea Buchholtz discussed all the latest from the November Commission meeting and what is coming for 2022.

Last week we celebrated Veterans Day. We have many license holders who have served our country in the military. Your sacrifices have not gone unnoticed, and I am grateful for your service.