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星空体育app下载鈥檚 Broker-Lawyer Committee met January 14 to discuss public comments and potential changes to the Farm and Ranch Contract and other contract forms. Here are some takeaways from the meeting.

The Texas Real Estate Inspector Committee met January 18, 2022. Three new officers were elected to serve in committee leadership:

• Shawn Emerick, chair
• Scott Regan, vice chair
• Steven Rhinehart, secretary

The committee also made two subcommittee appointments:

The Education Standards Advisory Committee (ESAC) met January 3 and discussed potential courses and appointed new leadership.

New Committee Officers

The committee appointed three new officers to serve through 2022:

The Broker Responsibility Working Group met January 12, 2022, to discuss property management practices, public comments, and broker oversight in new agent transactions. Here is a recap of the group鈥檚 discussion.

The Texas Real Estate Commission (星空体育app下载) is conducting a study on wholesaling and seeking input from consumers, wholesalers, and license holders. Wholesaling is a model where a person enters into a contract to buy real estate and then sells their contractual interest in the property to a third party prior to closing. to help the agency as it examines wholesaling practices and consumer protection measures.听The survey should take about five minutes to complete.

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We have published the video of the November 2021 "Coffee with the Commission" session. Chair Scott Kesner and Executive Director, Chelsea Buchholtz discussed all the latest from the November Commission meeting and what is听coming for 2022.

During the November quarterly Commission meeting, several rule changes were proposed and adopted. See the full agenda and materials on the Commission Meetings and Minutes page. The next Commission meeting is scheduled for February 14, 2022 at 10:00 a.m.

Proposed Rules

There may be instances where a client wants to add language to a real estate contract. In a 鈥渉ot market,鈥� it is not uncommon for a buyer to want an escalation clause added to the contract (for example, language stating the buyer will pay 鈥淴 amount more than the highest offer if other offers are present鈥�). Typically, an escalation clause such as this will be added to 鈥淧aragraph 11, Special Provisions鈥� (which is reserved for factual statements and business details) of the One to Four Family Residential Contract, but it might also be drafted as an addendum to the contract.听

The Texas Real Estate Commission recently adopted changes to the real estate inspector Standards of Practice (SOPs) at its August 9, 2021 meeting based on recommendations from the Texas Real Estate Inspector Committee. These changes are not effective until February 1, 2022. This six-month period will provide inspectors the time necessary to familiarize themselves with the updated SOPs prior to their mandatory use on February 1, 2022.听

We have published the August听"Coffee with the Commission" session.听星空体育app下载 Chair, Scott Kesner and 星空体育app下载 Executive Director, Chelsea Buchholtz discussed the latest from the August 星空体育app下载 Commission meeting. They discussed the new PID addendum, escalation clauses, and more. Check out the video below.

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