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Important Announcement! - TREC’s license management system is offline until December 15 when the new Real Estate and Appraiser License Management Portal (REALM Portal) launches. Learn more at www.trec.texas.gov/lms.

Updates to Texas Inspector Standards of Practice and Inspection Report Form

The Texas Real Estate Commission recently adopted changes to the real estate inspector Standards of Practice (SOPs) at its August 9, 2021 meeting based on recommendations from the Texas Real Estate Inspector Committee. These changes are not effective until February 1, 2022. This six-month period will provide inspectors the time necessary to familiarize themselves with the updated SOPs prior to their mandatory use on February 1, 2022. 

From the Chair - Inspector Committee - September 2021

The TREC Commissioners met on August 9th in Austin.  There were a few inspector-related items that were on their agenda.  The commissioners voted unanimously to approve the new revisions to the Standards of Practice that have been in the works for the last few years.  The new Standards of Practice will go into effect on February 1, 2022.  This should allow for adequate time for licensees and education providers to become familiar with these standards prior to the

2021 Legislative Session Overview

Memorial Day was the last day of the Regular 87th Legislative session. While there were several bills filed this session relating to the agency and its license holders, not all of those bills made it through the process.  The following is a summary of bills that passed both houses of the Legislature and have a direct effect on license holders. The agency is currently working on implementing the provisions of these bills. 

Proposed and Adopted Rules from the May 2021 Commission Meeting

During the May Commission meeting, rules relating to the Inspector Standards of Practice (SOP) were proposed. These proposed revisions are the product of many meetings of the Inspector SOP subcommittee and the work of the entire Texas Real Estate Inspector Committee. The Commission also adopted a rule which helps streamline the process for petitioning the Commission for the adoption of rules. See the full agenda and materials on the 

Changes to Delivery of Option Fee

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.”

Are you a Delegated Supervisor?

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.