Texas Real Estate Commission

Double the recognition, double the pride! ?? We're thrilled to celebrate TREC and the Texas Appraiser Licensing & Certification Board (TALCB) for winning *two* awards at this year’s ARELLO? (Association of Real Estate License Law Officials) conference. - TREC was recognized for its Legal Update I and II courses. - TALCB was recognized for its work to further fair housing via its partnership with the Texas Workforce Commission: https://lnkd.in/gycbSHP3 ?? Pictured from left to right: Jennifer Wheeler (TREC/TALCB Education Director), Vanessa Burgess (TREC General Counsel), Melissa Tran (TALCB Director).

We're calling for comments! The Inspector Standards of Practice are always under review to evolve with the industry. ??♀? The next rule to be reviewed is 535.228: Standards of Practice: Minimum Inspection Requirements for Structural Systems. - See it here: https://lnkd.in/g5vsUzMs ?? If inspectors have suggestions they would like the committee to consider: - Submit comments by emailing [email protected]. - Attend the next web meeting on September 30 at 9 a.m.: https://lnkd.in/gESARea9...

TREC's newest adopted rule covers broker succession. Here's the breakdown: - It's officially known as 535.124, Death of a Designated Broker. - It details agency practice and provides better guidance in the event the designated broker of a licensed business entity dies. - Under this rule, neither the business entity license nor any sponsored sales agent’s license will become inactive right away. - More details here: https://lnkd.in/g8HE5ft3

During TREC's third meeting of the year, it proposed several form changes. Now we collect public comments. ?? Review the changes and submit feedback here: https://lnkd.in/gHSewkE3

Something to know: There's a new process coming for borrowers who want their appraisal values reconsidered. - ROV = Reconsideration of Value??♀? - ROVs are used when borrowers want to appeal an appraisal because they believe the opinion of value is unsupported, deficient because of unacceptable appraisal practices, or reflects discriminatory practices.?? - Borrowers can only ask for one ROV per appraisal, and it must be submitted before the loan closes.? More on the process in this article: https://lnkd.in/gax4PHPe

Meet Sandy Jones and walk back in time with her a bit as she helps us celebrate 75 years of TREC. We’ll continue sharing videos that highlight some of the agency’s history and people, throughout the year. In case you missed the first one we posted: https://lnkd.in/gQVCG-g2

Are you caught up with our discussion over potential changes to the TREC contract forms related to compensation as a result of the proposed NAR settlement? - Our Broker-Lawyer Committee has now met three times to discuss this. Two of those meetings happened this month: https://lnkd.in/ghT5su4b - The first meeting (pictured below) was in April: https://lnkd.in/g54DfFjY ?? Mark your calendar. Changes will be presented at the next TREC Meeting on August 19. Be sure to attend or livestream it for more on this and other recommendations BLC is making to the Commission.

Would you or someone you know be a good fit for our committee? TREC's Education Standards Advisory Committee is looking to fill two instructor/owner positions and four real estate license holder positions to serve a two-year term beginning January 1. ?? Apply by August 16: https://lnkd.in/gvZvJbrM

The TREC Broker-Lawyer Committee meets again this Monday to continue its discussion about potential changes to contract forms because of the proposed NAR settlement. Be sure to register for the meeting in advance: https://lnkd.in/g9wDPUCA You'll also find the link to register at the top of the Agenda under Meeting Materials: https://lnkd.in/ghScTgNm.? ?

Wonder what it's like to be part of a TREC committee? Watch below. This is a recap of the Education Standards Advisory Committee's (ESAC) last meeting. ESAC is seeking to fill two instructor/owner positions and four real estate license holder positions: https://lnkd.in/gvZvJbrM The Texas Real Estate Inspector Committee is currently accepting applications for one public member seat: https://lnkd.in/g8JX9y4b Application deadline is August 16! More info on ESAC's last meeting: https://lnkd.in/gfvtSZJB