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. Take this anonymous survey to help the agency as it examines wholesaling practices and consumer protection measures. The survey should take about five minutes to complete.

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.

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.  

September in Texas.  The month we wish for fall, with pumpkin spice lattes and cooler weather. In reality, we have to wait many more weeks before going outside without melting in the sun.  Here’s to the first cold front coming soon. 

As a result of the healthy Texas real estate market, the agency has seen an increase in new applications and longer hold times.  TREC is committed to providing superior customer service to anyone who reaches out to the agency. Part of that commitment is a dedication to ensure short hold times and quick responses to emails. To ensure the agency is maintaining the highest level of customer service, TREC has hired and is now training additional staff to answer phones and respond to emails.   

On June 2, 2021, TREC inactivated broker business entity licenses in error.  Upon discovery of the error, staff worked to resolve the issue and all licenses were restored by Friday, June 4, 2021.  For purposes of full disclosure, we wanted our license holders to know the details of what occurred and what we are doing to avoid any similar incident in the future. 

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)

Yes, if the sponsoring broker has delegated to you in writing the responsibility to assist the broker in complying with the Real Estate License Act and Commission rules. A license holder who leads, supervises, directs, or manages a team must also be delegated as a supervisor. A delegated supervisor may be either a sales agent or broker.

The Texas Real Estate Commission is pleased to announce the launch of our new automated Certified License History tool. This new features allowing anyone to print a certified license history ON DEMAND for FREE! This is just one more way TREC is working to simplify our processes to provide excellent customer service.

TREC and TALCB have launched a survey to help gather feedback about the agency's websites. Completing this short survey will help TREC and TALCB better serve Texans in all matters related to real estate and appraisal services.

We value your opinion and appreciate your time. Thank you for participating.