If there is one thing the COVID-19 pandemic has taught us is to expect the unexpected and that planning is essential for you and your business. While succession planning in the event of a broker’s death is largely outside of TREC’s jurisdiction and is primarily a private business decision, it may be helpful to keep a few things in mind.

Choosing the Right Delivery Method

Below is the video from the March 2021 "Coffee with the Commission." TREC chair Scott Kesner and TREC ED Chelsea Buchholtz discussed the recently adopted and proposed rules and contract changes from February 2021.  Join us after each Commission meeting as we review all the latest from the Commission and answer your questions. 

Happy March. Spring is approaching and with it comes a fresh start and the excitement of warmer weather. I welcome it after the freezing temperatures we experienced in February. I hope all of you made it through that extraordinary event safely.  

During the February meeting of the Commission, several rule changes were proposed and adopted. Changes were also adopted to two forms. See the full agenda and materials on the Commission Meetings and Minutes page.

Proposed rules

Changes to the following rules were proposed:

The new inspector qualifying education and experience requirements for real estate and professional inspector licenses begin March 1, 2021. Applicants who have registered for qualifying courses prior to March 1, 2021, under the previous education requirements, will have until June 30, 2021, to complete all coursework and submit certificates with a completed application under those requireme

The Commission recently adopted changes to the following contract forms:

 Unimproved Property Contract

One to Four Family Residential Contract (Resale)

New real estate inspector and

Pursuant to section 551.0411 of the Texas Government Code, the Texas Real Estate Commission (TREC) is postponing its February 16, 2021, quarterly open meeting to February 19, 2021, at 9:00 am.  The State of Texas is experiencing unprecedented snowfall, extreme temperatures, rolling blackouts, and power outages that are catastrophic and prohibitive of conducting the meeting at its posted scheduled date and time.  TREC will take up items posted with the Secretary of Stat

At the November quarterly meeting of the Commission, changes were adopted to several contract forms.

One of those changes involved how the option fee is handled and delivered in the contract. The following FAQs are intended to avoid confusion on this change.