During the August quarterly Commission meeting, several rule and form changes were proposed and adopted. See the full agenda and materials on the Commission Meetings and Minutes page. The next Commission meeting is scheduled for November 8, 2021 at 10:00 a.m.

Form Changes

Changes were adopted to the following contract forms on an emergency basis:

Memorial Day was the last day of the Regular 87^th 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. 

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. 

Ensure your payment can be received and processed correctly and quickly by the agency and without being rejected. 

If there is one thing the COVID-19 pandemic has taught us is to expect the unexpected and that planning is essential for you and your business. While succession planning in the event of a broker’s death is largely outside of TREC’s jurisdiction and is primarily a private business decision, it may be helpful to keep a few things in mind.

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. 

During the February meeting of the Commission, several rule changes were proposed and adopted. Changes were also adopted to two forms. See the full agenda and materials on the Commission Meetings and Minutes page.

Proposed rules

Changes to the following rules were proposed:

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)

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.”