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.

During the August quarterly Commission meeting, several rule and form changes were proposed and adopted. See the full agenda and materials on the Commission Meetings and Minutes page. The next Commission meeting is scheduled for November 8, 2021 at 10:00 a.m.

Form Changes

Changes were adopted to the following contract forms on an emergency basis:

Summer is coming to an end, and I cannot believe how quickly time has flown. The hot temperatures here in Texas do not seem to compare to the red-hot real estate market. I am forever grateful for the opportunity to work in this state with so many hardworking, knowledgeable license holders who make a difference in the lives of so many Texans every day.  

The Inspector Advisory Committee (IAC) met on July 12^th in Austin.  This was the first meeting that the IAC has had in person in some time, and it was good to be face to face again.  There were a few items on the agenda this go around that entailed some lengthy discussion.  The IAC discussed comments received on the proposed rule to require an inspector to obtain permission in writing from a client prior to obtaining a referral fee, or other valuable consideration, for referring services that are not settlement services.

Memorial Day was the last day of the Regular 87^th Legislative session. While there were several bills filed this session relating to the agency and its license holders, not all of those bills made it through the process.  The following is a summary of bills that passed both houses of the Legislature and have a direct effect on license holders. The agency is currently working on implementing the provisions of these bills. 

Greetings to each of you.  I hope you were able to celebrate Independence Day earlier this month with your friends and family and had a wonderful time doing so.

On June 2, 2021, TREC inactivated broker business entity licenses in error.  Upon discovery of the error, staff worked to resolve the issue and all licenses were restored by Friday, June 4, 2021.  For purposes of full disclosure, we wanted our license holders to know the details of what occurred and what we are doing to avoid any similar incident in the future.