News from TREC - October 2023





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Brokers: Are Your Agents Aware of These Schemes?

Prime property targets for fraud include vacant land, vacation homes, second homes, rental properties, and any other types 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* [ [link removed] ]

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If Your License Expires, It's Inactive

Effective October 1, active license holders whose licenses expire will be set to inactive status as of the expiration date, and any license relationships to sales agents and/or brokers will be terminated.

If you late renew?up to six months after your expiration date?your license will be renewed on inactive status.

Find out what this change means for brokers and sales agents, plus what you'll be required to do to get your license back to active status.

*Read More* [ [link removed] ]

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New Education Requirement for Sales Agent Renewing for the First Time

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).

*Read More* [ [link removed] ]

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How to Comply With the Response Time Rule

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.

*Read More* [ [link removed] ]






TREC Updates

Two Updated Forms Effective September 1

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. Read more [ [link removed] ]

Why License Holders' Contact Information Is Missing from TREC's Website

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. Read more [ [link removed] ]

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Resources & Events

* *TREC Education Standards Advisory Committee Meeting: October 2*
* *TREC Broker Responsibility Working Group Meeting: October 11*
* *TREC Broker-Lawyer Committee Meeting: October 13*
* *Texas Real Estate Inspector Committee Meeting: October 16*
* *TREC Meeting: November 6*

*View TREC Calendar* [ [link removed] ]














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