TREC Enforcement Division
Did you know you are required to notify TREC within 30 days if you have been convicted of a crime even if you are already licensed?
The Texas Real Estate License Act states that if you have entered a plea of guilty or nolo contendere or have been convicted of a felony or any criminal offense that involves fraud (including misdemeanors), you must disclose this to the Commission not later than the 30th day after the final conviction or the entry of a plea of guilty or nolo contendere.
Intermediary relationships have been part of The Texas Real Estate License Act (TRELA) for well over a decade. Even though these relationships have been well established, there is still confusion about how it works.
An intermediary is a broker who negotiates a real estate transaction between two parties when a broker, or a sales agent sponsored by the broker, has obtained written consent from the parties to represent both the buyer and the seller. A broker acting as an intermediary can make appointments in some circumstances.
AUSTIN, TX – The Texas Real Estate Commission (TREC) is pleased to announce the promotion of Michael Molloy to Director of Standards and Enforcement Services (SES), beginning May 18, 2020.
We regularly receive questions about the difference between rebates, referrals, and other promotions like drawings and client gifts. First, when you are considering offering any of these make sure your advertisements are upfront and clear about what you are offering. If there are terms and conditions to qualify then you should have them in writing and provide them in your advertisement. If you are a sales agent, seek approval of your sponsoring broker before you start offering rebates, referrals, or other promotions
The filing of a complaint against a real estate license holder is not uncommon. In fiscal year 2019, the Texas Real Estate Commissions’ Standards & Enforcement Services Division (SES) reviewed 1,615 complaints filed by consumers against real estate brokers and sales agents and Commission investigators completed 467 field investigations.
The goal of an investigation is to protect consumers and to uphold the integrity of the real estate profession by gathering the facts necessary to resolve the complaint.
The Texas Real Estate Commission (TREC) is pleased to announce Chief Investigator Roy Minton, has received the Association of Real Estate License Law Officials (ARELLO) Investigator of the Year Award for 2019.