In late January, the Texas Real Estate Commission launched an online survey to gather information from wholesalers, consumers who have purchased from or sold property to wholesalers, and license holders who have represented a party in a wholesaling transaction.
Greetings from Austin. We are just on the other side of another Commission meeting and participation in Texas REALTORS Winter Meeting. I love that these two events occur at the same time in Austin so that attendees of the Winter Meeting can also attend the Commission meeting (and receive CE credit). And with Texas REALTORS as TREC's largest stakeholder group, participating in Winter Meeting is a wonderful opportunity to be with license holders.
The Texas Real Estate Commission met February 14, 2022. In addition to hearing updates from TREC staff, the Commission elected Jan Fite Miller as vice chair and Jason Hartgraves as secretary. Read on for information on adopted and proposed rule changes.
TREC’s Broker-Lawyer Committee met January 14 to discuss public comments and potential changes to the Farm and Ranch Contract and other contract forms. Here are some takeaways from the meeting.
Effective February 1, the Property Inspection Report form (REI 7-6) is required for all real estate inspections performed in Texas.
The form reflects changes made to the Standards of Practice (SOPs), plus an updated preamble that
The Texas Real Estate Inspector Committee met January 18, 2022. Three new officers were elected to serve in committee leadership:
The committee also made two subcommittee appointments:
The Audit Committee consists of two members of the Texas Real Estate Commission (TREC) and one member of the Texas Appraiser Licensing and Certification Board (TALCB). The Chair of the Commission shall appoint the two Commission members and the Chair of TALCB shall appoint the TALCB member.
Members of advisory committees are appointed by the Texas Real Estate Commission (the Commission). The Commission welcomes and encourages a diverse applicant pool. Based on the below requirements, the following timeline is implemented for purposes of making committee member appointments:
During the 87th regular session, the Texas legislature passed SB 1588 which amended Chapter 209 of the Texas Property Code governing certain property owners ' associations (more commonly known as HOAs) to address a number of HOA-related issues, including providing greater transparency in HOA operations and leadership.
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