TREC adopts rule changes, proposes rule revisions

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11/17/2016 | Author: Legal Staff

The Texas Real Estate Commission this week acted on several rule changes the commission proposed at its August meeting.

Unlicensed assistants and open houses
One high profile action concerns TREC Rule 535.5. The previous version of the rule allowed an unlicensed person to act as a host or hostess at an open house.

The commission adopted a change to the rule that deletes this language entirely—there is no longer a provision in TREC rules that authorizes an unlicensed person to act as a host or hostess at an open house. This change will take effect in the coming weeks, 20 days after the date TREC files the rule with the Texas secretary of state.

Unlicensed assistants and “showing” property
In August, TREC proposed changes to rule 535.4 that would define “showing” a property among other rule clarifications. The commission this week made amendments to those proposed changes based on comments received, including comments submitted by TAR.  These amendments include modifying the definition of “show,” deleting the exceptions allowing an unlicensed assistant to show property, and adding language permitting unescorted viewing of a vacant property available for lease, as long as certain methods to control access and verify identity are employed and the property owner consents in writing.

Download this PDF to see the amended version of TREC Rule 535.4. These changes will go through another 30-day comment and review period, which will begin once the rule is published in the Texas Register.

Other actions taken
Proposals from TREC’s August meeting to change sales agent renewal fees, require notification regarding changes to broker supervision, and restrict use of the commission’s seal were all adopted.

Categories: Legal
Tags: trec rules, unlicensed assistant, legal

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The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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