Broker Responsibility Group Proposes New Rule on Response Times, Adding Oversight to Sales Agent’s First-Time Brokerage Activity
Submitted by Summer Mandell on Fri, 2022-07-22 12:05The Broker Responsibility Working Group (BRWG) met July 13 and acted on two proposals related to broker oversight and sales agents’ response times.
Proposed Rule
BRWG proposed a new rule, 535.157, that requires a broker or sales agent to respond to their principal, a broker or sales agent representing another party to a real estate transaction, or an unrepresented party to a real estate transaction within two calendar days.
In recent months, I’ve had the privilege of presenting alongside Texas Real Estate Commission Executive Director Chelsea Buchholtz to license holders around Texas, many who are REALTORS®.