TREC Form Changes Effective February 1, 2023
Submitted by Summer Mandell on Wed, 2022-11-09 13:34The Texas Real Estate Commission on November 7 adopted form revisions recommended by the Texas Real Estate Broker-Lawyer Committee (BLC).
The Texas Real Estate Commission on November 7 adopted form revisions recommended by the Texas Real Estate Broker-Lawyer Committee (BLC).
The Texas Real Estate Commission meeting is Monday, November 7, at 10 a.m. CT in Austin. Download the meeting materials and watch the meeting livestream. You can also follow @TRECommission on Twitter for live updates.
The Texas Real Estate Inspector Committee (TREIC) met October 18 and reviewed a new tool to aid in filling out the Property Inspection Report Form, a new form that will inform TREC when a real estate inspector relationship is terminated, and items for the 88th Texas Legislature.
The Broker Responsibility Working Group (BRWG) met October 12 and discussed requirements for obtaining and renewing a broker’s license, as well as property management issues.
In August, the Texas Real Estate Commission proposed changes to several TREC forms based on recommendations by the Texas Real Estate Broker-Lawyer Committee (BLC). TREC received 123 public comments about the changes, which BLC will review and consider during its upcoming meeting on Friday, October 14.
Yes. A bill passed during the 87th Texas Legislative Session does not generally exempt landlords of temporary residential leases from providing a disclosure notice about whether the landlord is aware that the dwelling is located in a 100‐year floodplain or that the dwelling has flooded within the last five years.
The Texas Real Estate Commission at its August meeting proposed form revisions recommended by the Texas Real Estate Broker-Lawyer Committee. The Texas Real Estate Broker-Lawyer Committee an advisory body consisting of six attorneys appointed by the president of the State Bar of Texas, six brokers appointed by TREC, and one public member appointed by the governor.
The Texas Real Estate Commission met August 8, 2022. The Commission adopted the new Landlord’s Floodplain and Flood Notice (TREC 54-0) form and revisions to the Seller’s Temporary Residential Lease (TREC 15-6) and the Buyer’s Temporary Residential Lease (TREC 16-6) forms, as well as non-substantive rule changes from the agency’s quadrennial rule review. Read on for more takeaways.