News from TREC - December 2023
TREC Advisor Newsletter Banner [ [link removed] ]
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Want to Register Your Business Entity With TREC? This Newsletter is For You!
Business Entity Registration Chart [ [link removed] ]
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.?The registered entity cannot perform any other brokerage activity and must be 51% owned by the license holder on whose behalf the entity receives compensation.
*Read More* [ [link removed] ]
Watch Now: New Business Entity Registration Option Explained
sc of cb vid [ [link removed] ]
Commissioner Chance Brown explains what the change means for brokers and sales agents, and how each does?business.?
*Watch Video* [ [link removed] ]
What You'll Need to Register Your Business Entity With TREC
Business entity registration document list [ [link removed] ]
Find out what you which documents you?ll need to support your business entity?s registration, which you will email to TREC after submitting your application and payment online.
*Read More* [ [link removed] ]
Provide Your Public Comments on Proposed MUD Form by December 24
Under Texas law, if a seller?s property is located in a water district, like a municipal utility district (MUD), the seller must provide a notice that includes certain specific information to the buyer prior to execution of the contract.?
Water districts are required to post the notice containing the information in this form on the district?s website. However, if the district does not have the notice on its website, the seller can obtain the information from the district and then could use that information to complete the proposed voluntary form,?"Notice to Purchaser of Special Taxing or Assessment District".
Submit online comments?about the proposed form and the associated rule [ [link removed] ] by December 24. The earliest the form could be adopted by the Commission is February 2024.
*Comment Now* [ [link removed] ]
2023 TREC Highlights: Rule Changes, New Commissioners, Legislative Session Outcomes, and More
2024 marks 75 years of the Texas Real Estate Commission (TREC) and its work to protect consumers in their real estate transactions. As that new chapter soon opens, here are some highlights from the Commission?s efforts during the last 12 months
*Read More* [ [link removed] ]
Resources & Events
* *TREC Closed in Observance of Christmas: December 25, 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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