During the next TREC Meeting on August 7, commissioners will discuss rule amendments implementing statutory changes enacted from the 2023 Texas Legislative Session. Several of these changes may be adopted on an emergency basis, which means some changes would be effective September 1.
Real Estate Inspection Recovery Fund Repealed
House Bill 1363 eliminates the real estate inspection recovery fund. The changes to TREC Rule 535.210 reflect that inspectors who submit their applications on or after September 1, 2023, will not be required to pay a $10 fee after they pass their exam. This change was recommended by the Texas Real Estate Inspector Committee (TREIC), since the fund was underutilized and inspectors are required to carry E&O insurance.
New Fuel Gas Piping Disclosure Added to the Seller?s Disclosure Notice
Inspectors already must note the type of gas distribution piping material in their inspection reports, but?House Bill 697?adds language to the Seller's Disclosure Notice requiring a seller to disclose the type of piping used for gas supply lines?black iron pipe, copper, or corrugated stainless steel tubing (CSST).
Revision to the Consumer Protection Notice
Real estate brokers, sales agents, inspectors, and easement or right-of-way (ERW) agents must provide the Consumer Protection Notice by posting it online and at their place of business. The notice will be updated to remove the reference to the real estate inspection recovery fund.?If you link to the form on TREC?s website, you will not have to update your online notice. If you do not link to the form on our website (e.g., you have a PDF version or host the form on your own website), you will have to ensure it is updated September 1.?
Texas Real Estate Inspector Committee Chair Lee Warren shares updates from the latest TREIC Meeting, including discussion about rules that prohibit inspectors for paying to be on a preferred provider list and the selection process for the 2024 committee.
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