Record-breaking attendance made the TREC Meeting in Dallas-Fort Worth a standout and marks the Commission's second out-of-Austin meeting. If you weren't one of the more than 500 people participating in person or watching online, find out about four proposed rule changes and other takeaways from the May 20 TREC Meeting.
During the May TREC Meeting, the Commission proposed a new rule to address broker succession when the designated broker for a business entity passes away.
Under this proposed rule, if the licensed business entity sponsors sales agents, neither the business entity license nor any sponsored sales agent license will become inactive right away after the designated broker?s death. Rather, the entity and agents will be given a ?safe harbor? or grace period of 14 days from the broker?s death before their licenses inactivate, providing time for the entity to name a new designated broker prior to a license going inactive.
They are still happening: Real estate leasing scams continue to pose a threat to property owners in Texas, especially in the greater Houston area, prompting the Texas Real Estate Commission (TREC) to issue warnings such as?this press release sent to more than a dozen news outlets?most of them based in the southeastern part of the state. Get more info on how to avoid problems, plus examples straight from TREC case files.
 The Texas Real Estate Commission is celebrating its 75th anniversary this year! Beverly Rabenberg, TREC's senior attorney in the enforcement division, has worked with the agency for 36 years. Watch this quick video to see if you recognize any of the historic documents Beverly shares.
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