Source: https://www.trec.texas.gov/rules-and-laws
Timestamp: 2019-04-25 09:54:40+00:00

Document:
Contracts, Forms and NoticesHow to File a ComplaintName Management ToolTREC Processing DatesInformation About Brokerage Services (IABS) & Consumer Protection NoticeRelationship Management Tool User GuideTREC Benefits for VeteransContact UsReal Estate Recovery Trust Account and FundAgency CalendarCustomer Service SurveyFee Schedule Newsletter and News Release ArchivesSuitability QuestionsTips for Posting the IABS and Consumer Protection NoticeHome Buyer and Seller ResourcesAbout TRECAbout the CommissionAnnouncing The Application Status Tracker!Course Re-ApprovalEducation Providers and InstructorsExam Topic ReportsExecutive CommitteeNews and ArticlesProvider Exam Passage Rates for InspectorsQualifying Real Estate Course ListRelated Regulatory and Consumer Protection GroupsRequest Public InformationResidential Service Companies (Home Warranties) Texas Real Estate Inspector CommitteeAdult Education Instructor TrainingApproved Providers of Legal Update I and II CoursesApproved Providers of the Broker Responsibility CourseApproved Ride Along Course InstructorsBecome a Business Entity Real Estate BrokerBecome a Continuing Education ProviderBecome a Licensed Residential Service CompanyBecome a Professional Real Estate InspectorBecome a Qualifying Education ProviderBecome a Qualifying Real Estate or Inspector Course InstructorBecome a Real Estate InspectorBecome a Real Estate Sales AgentBecome an Apprentice InspectorBecome an Easement or Right-of-Way AgentBecome an Easement or Right-of-Way BusinessBecome an Elective Continuing Education Course InstructorBecome an Individual Real Estate Broker Broker Lawyer CommitteeBudget and Finance CommitteeCE Provider Re-ApprovalConsumer InformationContinuing Education InstructorContinuing Education ProvidersCourse and Instructor EvaluationEducation Provider Exam Pass RatesEducation Standards Advisory CommitteeEmployment OpportunitiesEnforcement CommitteeFingerprint RequirementsInspector Education SubcommitteeInspector Enforcement SubcommitteeInspector Standards of Practice SubcommitteeMaintain Your Residential Service Company LicenseMeetings and MinutesPublic Information PolicyQualifying Education InstructorsQualifying Education Providers Qualifying Real Estate Education ProvidersRe-Approval of Instructor LicenseRe-Approval of Qualifying Education ProvidersRegister a Timeshare PlanRenew Your Business Entity Real Estate Broker LicenseRenew Your Easement or Right-of-Way Agent or Business RegistrationRenew Your Inspector LicenseRenew Your Real Estate Broker LicenseRenew Your Sales Agent LicenseRenewal Education InformationRenewing and Amending a Timeshare PlanRequired ReportsTREC RulesTexas Real Estate Inspector Examination Study MaterialsWhat is My License Services?
Our license holders are governed by the Texas Real Estate License Act, the Inspector Act, the Residential Service Company Act, and the Timeshare Act. These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate license holders in Texas. The Acts also describe TREC’s jurisdiction over license holders and registrants.
TREC has the authority to adopt administrative rules to provide specificity to provisions of the Acts. TREC may also adopt rules to establish policy regarding certain practices. Both the Acts and TREC rules are a great resource for helping consumers know what to expect from a real estate service provider.
The amendment to §535.101 reduces the fee paid by a broker or sales agent from $20 to $10 each time a sales agent establishes or changes sponsorship. This change is recommended by the Commission as part of its FY2019 budget approval. Each year that revenues exceed expenses, after projecting the next year's revenues and expenses and meeting the requirements for fiscally responsible operational reserves, the agency has a standing policy of considering whether a reduction in fees is appropriate. As it has done in prior years, the Commission has determined that it is fiscally sound to lower this fee to reduce one cost of doing business for license holders.
The revisions to the Notice of Buyer's Termination of Contract adds a requirement to include lender's written notice setting forth the reasons Property Approval was not obtained when terminating the contract for that reason. A new and an existing item that grant buyer termination rights under the contracts or addenda, and new notice language were also added.
The Broker-Lawyer Committee recommended a few clarifying revisions to the Third Party Financing Addendum and reformatted it so that it was consistent with other Commission promulgated addenda and changed the last sentence of Paragraph 5B so that it states "...brokers and sales agents provided under Broker Information."
The Broker-Lawyer Committee revised the Addendum Concerning Right to Terminate Due to Lender's Appraisal to improve understanding and use of the form after receiving comments that it was hard to understand.
The amendments to §535.208, Application for a License, update an incorrect cite.
The amendments to §535.212, Education and Experience Requirements for a License, reorganizes and clarifies the qualifying education, continuing education, and experience requirements for inspectors and removes unused provisions.
The amendments to §535.213, Qualifying Real Estate Inspector Instructors and Courses, reorganizes and clarifies the qualifying education, continuing education, and experience requirements for inspectors, including decreasing the ride along class size; and removes unused provisions.
The amendments to §535.218, Continuing Education Required for Renewal, allows inspectors to receive continuing education credit for courses applicable to inspectors that are taken to satisfy continuing education requirements for an occupational license issued by another Texas governmental body.
The amendments to §535.219, Schedule of Administrative Penalties, adds a statutory violation that was inadvertently omitted.
The amendments to §535.220, Professional Conduct and Ethics, ties the section back to the parallel requirements of §531.18, which was recently updated to provide more flexibility for license holders.
The proposed amendments to §533.8 clarify the methods for filing a motion for rehearing with the Commission by adding the email address and facsimile number to which a motion for rehearing may be sent.
The proposed amendments to §535.141 change the caption of this section to clarify that this section also includes order requirements. The proposed amendments also add language to this section to clarify how the agency prioritizes complaint investigations as required in Tex. Occ. Code §1101.204. The proposed amendments remove existing language from subsection (b), since that language is proposed for inclusion in new §535.142, and correct a typographical error by inserting a missing period to the end of subsection (f).
The proposed new §535.142 specifies the steps followed by the Commission when processing and investigating consumer complaints. This new section also includes the language from §535.161 in this Chapter, which is being proposed for repeal.
The proposed repeal of §535.161 is necessary because the language for this rule is being proposed for inclusion in a new rule, 22 TAC §535.142, Consumer Complaint Processing, and this section is not referenced in any other section in this Chapter.

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