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TREC Receives ARELLO Communications Award

The Texas Real Estate Commission (TREC) is pleased to announce that the agency’s completely redesigned website has been recognized for excellence by the Association of Real Estate License Law Officials (ARELLO) with a 2017 Communication Award.  ARELLO is an international organization of real estate licensing agencies and individuals involved with regulation of the real estate industry globally.

Mortgage Fraud Task Force Dissolved, But Interagency Cooperation Remains

Governor Abbott Has Signed SB 526

SB 526 abolishes the Residential Mortgage Fraud Task Force established under the Government Code. However, the bill maintains the ability of those agencies who were members of the task force to share information related to mortgage fraud and also protects the confidentiality of any information shared.

Added Flexibility for Residential Service Companies (RSCs)

Governor Abbott Has Signed HB 2279

HB 2279 amends Chapter 1303, which regulates RSCs, the providers of home warranty services. The bill accounts for the difference between RSCs who insure ALL of their outstanding risk through a third party insurance company and those that maintain a funded reserve. The bill simplifies certain regulatory requirements for fully insured RSCs and streamlines the contract and rate filing requirements for RSCs that are already licensed in Texas.