Make Sure Paragraph 21 is Filled OutSubmitted by Christine Anderson on Thu, 2018-08-16 15:15
The One to Four Family Residential Contract (Resale), like many contracts, contains a “Notices” provision. In that TREC contract, the provision is in Paragraph 21. This needs to be filled out so the parties know where a notice should be sent or delivered to be effective. A license holder should remind their client how important this provision is and ensure, to the extent possible, that it gets filled out fully and accurately.
What’s in a Name? Advertising Name Types under TREC Rule 535.154Submitted by Christine Anderson on Fri, 2018-04-20 11:18
Broker Assumed Business Name (DBA) is another name for the broker’s business that can be used by all sponsored sales agents and brokers associated with this broker. Another name that indicates a broker’s line of business, e.g. property management or commercial is also a DBA.
TREC's Advertising Rules - What You Need To KnowSubmitted by Christine Anderson on Tue, 2017-12-12 15:52
The effective date of the new rules is May 15, 2018, and we want to make sure everyone is thoroughly prepared for the changes.
These rules are the result of years of work by the Commission and key stakeholders focusing on clarity of advertisements for consumers with the least restrictions on license holders. The rules also update, interpret and balance revised statutory requirements supporting free commerce and business competition with those protecting the consumer from misleading advertisements.
Do You Advertise Your Business? Read This!Submitted by Christine Anderson on Thu, 2017-11-30 11:45
Texas Real Estate Commission adopted new advertising rules at its November meeting. These rules are effective as of May 15, 2018, which gives license holders 6 months to comply with the updated requirements.
§535.154 lays out alternate, assumed business and team name registration requirements and §535.155 lays out the revised advertising requirements. You can read both rules on our website.
2017 Legislative Update from TRECSubmitted by Christine Anderson on Thu, 2017-06-01 15:19
Memorial Day was the last day of the 85th Legislative session. Several bills were filed this session relating to the agency and its license holders but not all of those bills made it through the process. Following is a summary of bills that passed both houses of the Legislature and have direct effect on license holders.
Reporting Visible and Present Indications of Adverse Performance in a FoundationSubmitted by Christine Anderson on Thu, 2017-06-01 10:58
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.
88th Texas Legislative Session Update, and the impact on license holdersSubmitted by Sierra Pizarro on Sat, 2023-05-27 10:24
The 88th Texas Legislature, Regular Session, began January 10, 2023, and ends May 29, 2023. This session opened with the Texas Real Estate Commission (TREC) and Texas Appraiser Licensing Board (TALCB) following 358 bills relevant to the administration of the agency. A much smaller number will become law, one of relevance to Texas real estate license holders.
TREC's Houston highlights: changes to Broker Responsibility & Inspection Reports, 'lookback period' soon to end, comment now on proposed changesSubmitted by Sierra Pizarro on Tue, 2023-05-23 11:24
To reach more license holders, the Texas Real Estate Commission broke away from its Austin headquarters for the first time ever to meet in Houston on May 16. It was TREC’s second meeting of 2023. There were more than 80 attendees.
Welcoming new Commissioners, thanking the outgoing
TREC’s Chair, Scott Kesner, opened the meeting with a welcome to TREC’s newest Commissioners: Chance Brown, Renee Harvey Lowe, and Stuart Bernstein.