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Acronym: 
Executive

Changes to Delivery of Option Fee

At the November quarterly meeting of the Commission, changes were adopted to several contract forms.

One of those changes involved how the option fee is handled and delivered in the contract. The following FAQs are intended to avoid confusion on this change.

For a review of other major changes to the forms, see the Commission’s article “Rule and Contract Updates from the November Commission Meeting.”

From the Chair - February 2021

Happy February! This month we have passed the one-year mark since the first cases of COVID-19 were reported in the US.  Much has changed in the last year, but I am proud of what our team at TREC has continued to do for the people of Texas. License applications continue to be processed smoothly, and our customer service team continues to provide excellent assistance to those who need it. I genuinely hope that this New Year brings us all peace and a shift towards more

Are you a Delegated Supervisor?

Yes, if the sponsoring broker has delegated to you in writing the responsibility to assist the broker in complying with the Real Estate License Act and Commission rules. A license holder who leads, supervises, directs, or manages a team must also be delegated as a supervisor. A delegated supervisor may be either a sales agent or broker.

From the Chair - Inspector Committee - January 2021

The Inspector Advisory Committee met virtually on January 15th.  This was a lengthy meeting, as there was a lot to cover on this go around.  First off, I would like to welcome the two newest members of the IAC.  Bruce Carpenter is an inspector member from Pittsburg, and Brian Carroll is a public member from Temple.  Both of them dove right into the meeting providing feedback and giving input, so it was clear that they came prepared to be involved with the IAC. 

TREC Statement on Events at the US Capitol

The Texas Real Estate Commission (TREC) has received many comments and requests related to license holders’ involvement in the events that occurred at the US Capitol on January 6, 2021. The Commission is limited in the action it may take against real estate license holders by the Real Estate License Act, the governing law that describes the Commission’s jurisdiction. For instance, the Commission may suspen