News from TREC - November 2023





TREC Advisor Newsletter Banner [ [link removed] ]

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TREC Meeting Recap [ [link removed] ]
TREC Meeting Recap: Committee Appointments and Voluntary Form Proposed

The Texas Real Estate Commission met November 6 and appointed members to the Education Standards Advisory Committee (ESAC) and the new Broker Responsibility Advisory Committee (BRAC). The Commission also proposed a new voluntary form to disclose information related to MUDs. Find out who will serve on these committees and how you can provide public comment on the proposed form.?

*Read More* [ [link removed] ]

Piggy bank on green background [ [link removed] ]
Want to Receive Your Compensation Through an LLC or S-Corp? There?s A New Option Coming January 2024

As of now, the only way a license holder can receive compensation through a business entity is by obtaining a?business entity real estate broker license [ [link removed] ]. Effective January 2024, license holders will have the option to register LLCs and S-Corporations (S-Corps) with TREC for the sole purpose of receiving compensation, as long as those entities meet certain requirements. Get the details you need to be prepared when business entity registration becomes available.

*Read More* [ [link removed] ]






TREC Updates

BLC Recommends Commission Propose New Voluntary Form

The Texas Real Estate Broker-Lawyer Committee (BLC) met October 13 and continued discussing possible revisions to contract forms and recommended one new form for proposal. Read more [ [link removed] ]

ESAC Talks Principles I and II Course Content

The TREC Education Standards Advisory Committee (ESAC) met October 2 and discussed draft revisions to the Principles I and II course content. Read more [ [link removed] ]

TREIC Discusses Homebuilders Requirements, Future of License Types

The Texas Real Estate Inspector Committee (TREIC) met on October 16 for the final meeting of the calendar year. TREIC Chair Lee Warren provides a recap of the meeting. 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 Closed in Observance of Thanksgiving: November 22 through 24*
* *TREC Closed in Observance of Christmas: December 25 through 26*
* *TREC Closed in Observance of New Year's Day: January 1*
* *TREC ESAC Meeting: January 8 [ [link removed] ]*
* *TREC Broker-Lawyer Committee Meeting: January 12 [ [link removed] ]*
* *Texas Real Estate Inspector Committee Meeting: January 16 [ [link removed] ]*
* *TREC Broker Responsibility Advisory Committee Meeting: January 17 [ [link removed] ]*

*View TREC Calendar* [ [link removed] ]














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