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Are you a Delegated Supervisor?

The answer to this question is “yes” if a broker has delegated to you in writing the responsibility to assist the broker in complying with The Real Estate License Act and Commission Rules. When this delegation exists to supervise sales agents sponsored by the broker, your name must appear on the Information About Brokerage Services form as the “Licensed Supervisor of Sales Agent/Associate.” A sales agent or broker may act as a delegated supervisor.

Reporting Visible and Present Indications of Adverse Performance in a Foundation

Section 535.228(a) of the Texas Administrative Code (Foundations) requires an inspector to render a written opinion as to the performance of the foundation. Many inspectors understand this to mean one of two things; the foundation is either performing or it is not performing. But sometimes the inspector is unable to determine this with sufficient confidence.

Seeking Recommendations from Inspector Committee

After postponing consideration of proposed changes to inspector insurance requirements at their November 2017 meeting, TREC took no action on the proposed rule amendments and remanded the matter to the Real Estate Inspector Committee at the Commission’s February 2018 meeting. TREC asked the Inspector Committee to gather input from stakeholders on all consumer recovery issues and bring recommendations on potential legislative solutions to the Commission for consideration at a future Commission meeting.

Flexibility Added for Posting a Link to IABS and Consumer Protection Notices

Effective December 6, 2017

Since February 2016, you are required to have a specific link for each of these notices in a readily noticeable location on the homepage of your business website. The Commission has adopted amendments to those rules that give you additional flexibility when posting the link to the Consumer Protection Notice.