A new rule effective earlier this summer sets a timeline of two calendar days to respond to parties to a real estate transaction you’re involved in. Here’s what you need to know.
535.157, Obligation to Respond Timely
June 11, 2023
Brokers or sales agents must respond within two calendar days to:
During the August 2023 TREC Meeting, the Commission adopted TREC Rule 535.46, Broker Responsibility Advisory Committee, establishing a new committee to advise the Commission on issues relating to broker responsibility. The Commission is seeking to appoint nine members to begin service on January 1, 2024.
During the August 2023 TREC Meeting, commissioners considered rule changes up for adoption, new proposed changes, and conducted emergency rulemaking resulting from the 88th Texas Legislature. Read on for what happened.
Three Broker-Lawyer Committee members were recognized for their service:
The Commission also made appointments to two advisory committees.
The Commission in May adopted revisions to the Real Estate Brokerage and Property Management course approval forms. Beginning October 1, 2023, qualifying education providers may begin submitting course application forms to offer these revised courses.
The Texas Real Estate Commission's Education Standards Advisory Committee (ESAC) is accepting applications to fill two education member positions by real estate instructors or owners of real estate schools, accredited by the Commission, that provide qualifying or continuing education.
Effective October 1, 2023, sales agents renewing their license for the first time—both active and inactive—are required to complete an approved 30-hour Real Estate Brokerage course as part of their 90 hours of Sales Agent Apprentice Education (SAE). This change was adopted during the May Commission meeting. Find out more about sales agents' first-time renewal requirements.
The Texas Real Estate Commission’s Broker-Lawyer Committee (BLC) met June 9 to discuss legislative changes and other form comments. Here are some highlights from the meeting.
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.
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.
TREC’s Chair, Scott Kesner, opened the meeting with a welcome to TREC’s newest Commissioners: Chance Brown, Renee Harvey Lowe, and Stuart Bernstein.
The Texas Real Estate Commission is assisting the Texas Land Title Association (TLTA) in educating license holders of trending fraud schemes.
Over the last several months, TLTA is seeing more people fall victim to seller impersonators. Prime target properties are vacant land or investment property such as vacation homes, second homes, rental properties, and any other instance where the tax mailing address is different than the property owner’s address.
If you feel there has been a violation of The Real Estate License Act , or TREC rules
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