The Texas Real Estate Commission met on August 7 and adopted amendments to existing rules and proposed several more. View the meeting materials packet, which provides more details about all the changes, 在TREC的网站上. Here’s a breakdown of adopted amendments that relate to 经纪人. Find a list of other rule changes proposed by TREC 在这里.
Who can be a designated broker?
TREC adopted a rule change to Section 535.53(b)(5)(A) to clarify who can be a designated broker. The adopted rule makes clear the designated broker can be a corporate officer, 有限责任公司经理, an LLC member with managing authority, or a general partner for that entity.
Broker-entity renewal deadline changed
TREC adopted amendments to Section 535.91 to establish a deadline for submitting business entity license renewals. The adopted change says a renewal application for a business entity broker is filed timely if the application and all required supporting documentation is received by TREC, 或盖有邮戳的, not later than the 10th business day before the license expiration date.
Other adopted or proposed rule changes from TREC:
- Does your linked IABS form comply with TREC规则? New proposal aims to clarify what’s required
- Proposed changes to requirements for the Consumer Protection Notice
- Proposed limits for when lawyers can draft 合同 for principals who aren’t their clients
- TREC proposes a new 广告 rule, adopts revisions to existing rule
- Rule amendment that would affect availability of TAR 形式
- TREC proposes two new 形式
- TREC proposes changes to statements for BPOs and CMAs
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