Message from TREIC Chair Lee Warren: October 2024
Submitted by Summer Mandell on Tue, 2024-10-29 00:00The Texas Real Estate Inspector Committee (TREIC) met on October 14 at TREC headquarters in Austin.
The Texas Real Estate Inspector Committee (TREIC) met on October 14 at TREC headquarters in Austin.
At the August TREC Meeting, the Commission adopted revisions to the Principles of Real Estate I, Principles of Real Estate II, and Law of Agency course approval forms. On September 11, 2024, qualifying education providers were eligible to begin submitting course application forms to offer these revised courses.
During the Texas Real Estate Commission’s Education Standards Advisory Committee (ESAC) meeting on October 7, the group reviewed three rules regarding course proctoring and student identification requirements. Multiple changes were recommended but before a dig into the highlights, a congratulations.
During the August TREC Meeting, the Commission adopted new rule 535.124, Death of a Designated Broker, to detail agency practice and provide better guidance in the event the designated broker of a licensed business entity which sponsors sales agents dies.
The Broker-Lawyer Committee (BLC) recommended several changes to the TREC contract forms. Most of these changes are the culmination of two years’ worth of work on the part of the committee, with other changes recommended in response to industry practice changes around broker compensation affecting many license holders. The following changes were proposed at the August TREC Meeting.
The Texas Real Estate Commission met August 19 in Austin for its third meeting of the year. The Commission adopted a new rule addressing broker succession. In addition, several form changes were recommended by the Broker-Lawyer Committee (BLC) and proposed by the Commission, which means you can provide your public comment on these changes now. Read on for more updates.
The Texas Broker-Lawyer Committee (BLC) met twice in July to discuss its routine work of reviewing TREC’s forms, but also to discuss potential changes to the TREC contract forms as a result of the proposed NAR settlement related to compensation.
The Texas Real Estate Inspector Committee (TREIC) met on July 15 at TREC headquarters in Austin.
During its July 18 meeting, the Broker Responsibility Advisory Committee (BRAC) reviewed the over 42 pages of public comments it received regarding education and experience required to become a broker. This has been a topic of discussion throughout multiple iterations of the former Broker Responsibility Working Group. BRAC began its initial discussion of this topic at its last meeting.
The Texas Real Estate Commission’s Education Standards Advisory Committee (ESAC) met on July 8. Here are the highlights.
The meeting opened with members reviewing public comment and recommending the Commission adopt changes to the course approval forms for Principles of Real Estate I and II, and Law of Agency. These changes will be considered at the Commission's August 19 meeting.