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A new rule effective earlier this summer sets a timeline of two calendar days to respond to parties to a real estate transaction you?re involved in. Here?s what you need to know.
Legislation passed by the 88th Texas Legislature requires the Texas Real Estate Commission to update two frequently used forms: the?Consumer Protection Notice?and the?Seller?s Disclosure Notice. Find out what changed and where to get the forms.
A bill passed by the 88th Texas Legislature?requires all licensing agencies, including the Texas Real Estate Commission, to remove or redact certain details about applicants and current and past license holders in publicly available information, such as the?TREC website license holder search?or via public information requests.
This legislation enhances your privacy by protecting personal information like your address, telephone number, and email address.
Effective October 1, 2023, sales agents renewing their license for the first time?both active and inactive?are required to complete an approved 30-hour Real Estate Brokerage course as part of their 90 hours of Sales Agent Apprentice Education (SAE).
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Rule Changes and Proposals From the August TREC Meeting
During the latest TREC Meeting, commissioners considered rule changes up for adoption, new proposed changes, and conducted emergency rulemaking resulting from the 88th Texas Legislature. Read more
New Process to Streamline Advertising Complaints
Many advertising-related complaints can be handled easily, from adding missing brokerage information on?for sale?signs to adding missing required links on a license holder?s website. Because of these simple remedies, TREC is launching the Advertising Compliance Program, which will streamline the processing of complaints that deal only with advertising violations. Read more
Beware of Seller Fraud, Deed Fraud, and Seller Impersonation
Prime property targets for fraud include vacation homes, second homes, rental properties, and any other type where the tax mailing address is different than the property owner?s address. Get more information about what these scams entail, red flags, and who to contact if you or someone you know falls victim to these schemes. Read more
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