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 newly updated Consumer Protection Notice (CPN) required for use as of February 1, 2021, is available on the Texas Real Estate Commission's website. 

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