Revised Contract Forms Effective June 1, 2014 -
(item added 5/6/2014)
The following contract forms have been adopted by the Commission for mandatory use effective June 1, 2014 and may be downloaded from the TREC website at http://www.trec.texas.gov/formslawscontracts/forms/forms-contracts.asp:
- Unimproved Property Contract – Form #9-11
- One to Four Family Residential Contract (Resale) – Form #20-12
- New Home Contract (Incomplete Construction) – Form #23-13
- New Home Contract (Completed Construction) – Form #24-13
- Farm and Ranch Contract – Form #25-10
- Residential Condominium Contract (Resale) – Form #30-11
The Commission also adopted a new Reverse Mortgage Financing Addendum for voluntary use.
The draft version of the changes made to the above contract forms may be obtained from our website at http://www.trec.texas.gov/formslawscontracts/forms/forms-drafts.asp.
Commission and Board Announces New Electronic Minutes -
(item added 6/6/2013)
TREC and TALCB meeting minutes now integrated with video and easier to use.. . . read more
ARELLO supervising broker best practices -
(item added 12/20/2012)
The Association of Real Estate Regulatory Officials (ARELLO) has created a guide of best practices for assist a broker who is considering operating a real estate brokerage, as this endeavor comes with much responsibility and liability. ARELLO prepared this as a basic template that can be modified by brokers to fit the particular set of policies, laws and rules in their respective jurisdiction. Brokers are encouraged to seek legal
counsel in the development of their company policies and procedures. To download the full guide click here.
The new Inspector Exam will be effective on January 1, 2013
(item added 12/10/2012)
All new applicants, including applicants who filed an application prior to January 1, 2013 and have not taken the exam, will be required to take a new exam for licensure effective January 1, 2013. . . read more.
Changes affecting Core & MCE Providers -
(item added 11/29/2012)
Rules were adopted at the November Commission meeting that will affect proprietary schools (providers of Core real estate education) and Mandatory Continuing Education (MCE) providers. Changes will be in effect on January 1, 2013. . . read more.
Open Positions on the TREC Inspector Committee -
(item added 11/20/2012)
The Texas Real Estate Commission has two Inspector member positions and
one public member position open for appointment to the Real Estate
Inspector Committee. The appointments are for a six year term.
The committee's function is to make recommendations to the Commission
regarding a variety of inspection-related matters toward the goal of
ensuring a high degree of service to and protection of the public in
dealing with home inspectors. The committee consists of six professional
inspectors and three public members. Following the Commission's model,
public members may not hold occupational licenses in the real estate field
(appraiser, real estate broker/salesperson, mortgage broker, etc.).
The committee is permitted to meet by teleconference, although it is
anticipated that some travel to Austin will be necessary. Limited funds
may be available for travel reimbursement, but members are not compensated
for their time. All committee meetings must comply with the Open Meetings
Individuals wishing to be considered for appointment should send a letter
and resume to TREC's general counsel at
via mail at Texas Real Estate Commission, P.O. Box 12188, Austin, TX
78711-2188, or by fax to 512-936-3788.
Salespersons Apprentice Education (SAE) Requirements -
(item added 8/23/2012)
Pursuant to Senate Bill 747 the education requirements for a salesperson license will change effective September 1, 2012. The initial salesperson license will issue for a two--year period and the licensee must complete the renewal education requirement by the end of the two year license term. Prior to September 1, 2012, some salespersons under the Salesperson Annual Education (SAE) requirements were to complete courses on an annual basis. On September 1, 2012 and after, Salespersons will be required to complete their education renewal requirements during the two year license term. Therefore, the meaning of the acronym for SAE will change from Salespersons “Annual” Education to Salespersons “Apprentice” Education.
New Inspector Exam Postponed until January 1, 2013 -
(item added 8/02/2012)
The rollout of the new inspector exam will be postponed until January 1, 2013. The new exam was scheduled for implementation on September 1, 2012. The additional time will allow new exam questions to be pretested and will provide additional time for education providers to prepare students and applicants for the exam. Recall that the new exam will be composed of two parts: a National Home Inspector Examination (NHIE) and a Texas State specific exam. The two-part exam will now be implemented on January 1, 2013.
TREIC Approves New Inspector Exam -
(item added 6/20/2012)
As of September 1, 2012, all new applicants for a Real Estate Inspector license will be required to take a new exam for licensure. The new exam is composed of two- parts, a national Home Inspector Examination (NHIE) and a Texas State specific exam
. . . read more.
Salespersons Pre-Licensing Education Requirements -
(item added 5/22/2012)
Pursuant to Senate Bill 747 the education requirements for a salesperson license will change effective September 1, 2012. Pre-licensing education requirements will change from a total of 210 hours to 180 core hours
. . . read more.
Broker Responsibility Mandatory Continuing Education (MCE) Course -
(item added 5/21/2012)
Effective for licenses on active status that expire after August 31, 2012, a broker who sponsors a salesperson, a designated broker of a business entity, or a license holder who is a delegated supervisor of one or more license holders for six months or more during the current license must attend a six hour broker responsibility course required by §1101.458 of the Act. . . . read more.
A licensee who completes their education requirements prior to July 1, 2012 will not be required to complete the broker responsibility course until their next renewal cycle.
Broker Responsibility MCE Course Instructor Training -
(item added 4/17/2012)
The Real Estate Center at Texas A&M will offer train-the-trainer workshops to certify instructors to teach the new Broker Responsibility course. Instructors who are eligible to attend the training sessions may go to the Real Estate Center website at http://recenter.tamu.edu/register to register for training sessions that will begin in May, contingent upon the Commission approving the Broker Responsibility Course.
. . . read more.
My License Update-
(item added 2/16/2012)
TREC and TALCB have launched a new online services tool featuring faster registration, easy to understand menus and more online tools to help licensees manage their licenses. . . . read more.
Find former "new" items in the What's New Archive