AUSTIN, TX – The Texas Real Estate Commission (TREC) is pleased to announce the confirmation of broker members Leslie Lerner and Mark Woodroof and public member Ben Peña as new commissioners for terms to expire on January 31, 2027.  The Commissioners were nominated in March and were confirmed by Senate vote on April 28, 2021. 

The Inspector Advisory Committee met virtually on April 12.  During the meeting, Deputy Executive Director, Tony Slagle provided a legislative update. He informed us that there are two inspector-related bills that are up for consideration by the state legislature.  The first, HB 2376 relates to  eliminating the Inspector Recovery Fund.  With the requirement for inspectors to carry insu

Happy spring to all of you! I hope this message finds you and your families enjoying the beautiful spring weather and wildflowers. Texas truly seems to show off during this time of year.

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.  

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 requirements. 

The Commission recently adopted changes to the following contract forms:

 Unimproved Property Contract

One to Four Family Residential Contract (Resale)

New Home Contract (Incomplete Construction)

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 State on its February 16, 202

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.

For a review of other major changes to the forms, see the Commission’s article “Rule and Contract Updates from the November Commission Meeting.”