Buying a home is often the single biggest investment a person can make. Selling a home can be an overwhelming and confusing transaction. Because of the complexity of buying or selling property, many consumers hire a professional advisor to help them with the process. The Texas Real Estate Commission (TREC) is responsible for licensing real estate service providers in Texas to ensure they are qualified to help consumers with buying and selling property.

There are two major categories of real estate professionals licensed by TREC.

During the 87th regular session, the Texas legislature passed SB 1588 related to Home Owner Associations (HOAs). This bill requires TREC to establish a database to accept management certificates from HOAs. This bill does not give TREC the authority to license or register HOAs, and TREC does not have enforcement jurisdiction of HOA activities.  

The Texas Real Estate Commission recently adopted changes to the real estate inspector Standards of Practice (SOPs) at its August 9, 2021 meeting based on recommendations from the Texas Real Estate Inspector Committee. These changes are not effective until February 1, 2022. This six-month period will provide inspectors the time necessary to familiarize themselves with the updated SOPs prior to their mandatory use on February 1, 2022. 

The Texas Real Estate Commission (TREC) is pleased to announce the appointment of two broker members to the TREC Broker-Lawyer Committee. Broker members Dianne McCoy and Mary Miner were appointed at the August 2021 Commission meeting with terms set to expire in 2027.

The TREC Commissioners met on August 9^th in Austin.  There were a few inspector-related items that were on their agenda.  The commissioners voted unanimously to approve the new revisions to the Standards of Practice that have been in the works for the last few years.  The new Standards of Practice will go into effect on February 1, 2022.  This should allow for adequate time for licensees and education providers to become familiar with these standards prior to the

September in Texas.  The month we wish for fall, with pumpkin spice lattes and cooler weather. In reality, we have to wait many more weeks before going outside without melting in the sun.  Here’s to the first cold front coming soon. 

We have published the August "Coffee with the Commission" session. TREC Chair, Scott Kesner and TREC Executive Director, Chelsea Buchholtz discussed the latest from the August TREC Commission meeting. They discussed the new PID addendum, escalation clauses, and more. Check out the video below.