Call for Action: Reform our tax code AND protect middle-class homeowners

The Texas Real Estate Commission

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Issue
The association is committed to ensuring the highest standard of service by Texas real estate license holders. Each legislative session, the association helps update and modernize consumer-protection standards and the Texas Real Estate License Act, which allows for a more efficient system.

What does this mean for the real estate industry?
The Texas Real Estate Commission (TREC) licenses and regulates real estate brokers, sales agents, inspectors, and other related professionals. High standards for real estate professionals ensure the industry’s continued success.

The Texas REALTOR® position
We support TREC’s efforts to enhance ethics, consumer protection, and transparency in the real estate process. Additionally, we support legislation that facilitates the administration of the commission and eliminates certain inefficient provisions in the law, when identified.

Legislative outlook
The Texas Association of REALTORS® works closely with TREC to identify inefficient and outdated real estate law. A housekeeping bill may be filed to ensure TREC remains an efficient and effective state agency.

Historical perspective
In 2011, during the 82nd legislative session, two bills were passed relating to the Texas Real Estate Commission (TREC).

The first one, SB 1000, designated TREC as a self-directed, semi-independent state agency. This status means TREC is no longer subject to the legislative budget or appropriations process at the Legislature—instead, the agency conducts business using the licensing fees it collects.

The second bill, SB 747, was a reform bill relating to TREC. The reform focused on better preparing license holders to represent consumers in real estate transactions and ensuring education for applicants and license holders is targeted and of the highest quality.

In 2013, HB 2911 amended the law to require real estate inspectors to have the same education and license-renewal requirements as the Texas Real Estate Commission’s others license holders and addressed issues regarding errors and omissions insurance coverage and the real estate inspection recovery fund.

In 2015, SB 699 clarified TREC regulations, explained situations that would require license revocation, created procedures for actions brought against real estate brokers and sales agents, and amended the requirements for licenses, fees, and education.

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2017-19 GA Calendar