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A Win for Protecting Texas Consumers

After combing through 1,100 complaints during his 11-year tenure with the Commission, 星空体育app下载 Chief Investigator Roy Minton wins for a second time. The first win was in 2019. Both recognitions, by the Association of Real Estate License Law Officials (ARELLO), were given for Minton鈥檚 work in uncovering rental fraud.

Watch Out for Rental Fraud Scams in Texas

They are still happening: Real estate leasing scams continue to pose a threat to property owners in Texas, especially in the greater Houston area, prompting the Texas Real Estate Commission (星空体育app下载) to issue warnings such as this press release sent to more than a dozen news outlets鈥攎ost of them based in the southeastern part of the state鈥攊ncluding ,

What Texas Inspectors Should Know About 星空体育app下载 Complaints

The Texas Real Estate Commission鈥檚 Enforcement Division has 37 people鈥�10 attorneys, legal assistants, and investigators. They enforce the laws and rules that regulate real estate brokers, sales agents, real estate inspectors, and timeshare plans, through the investigation of consumer complaints. They also review the fitness of an applicant for licensure.

The only way enforcement can initiate an investigation is through a filed complaint, which can be done by anyone.

88th Texas Legislative Session Update, and the Impact on License Holders

The 88th Texas Legislature, Regular Session, began January 10, 2023, and ends May 29, 2023. This session opened with the Texas Real Estate Commission (星空体育app下载) and Texas Appraiser Licensing Board (TALCB)聽following 358 bills relevant to the administration of the agency. 聽A much smaller number will become law, one of relevance to Texas real estate license holders.

Ongoing Fraud: There's Another Scheme License Holders Should Be Aware Of

The Texas Real Estate Commission is assisting the聽聽in educating license holders of trending fraud schemes.聽

Over the last several months, TLTA is seeing more people fall victim to seller impersonators. Prime target properties are vacant land or investment property such as vacation homes, second homes, rental properties, and any other instance where the tax mailing address is different than the property owner鈥檚 address.

ESAC reviews rule language, recommends 30-hour brokerage course for sales agents

The Texas Real Estate Commission's Education Standards Advisory Committee (ESAC) met April 3.

ESAC聽addressed comments received regarding proposed changes to 22 搂TAC 535.64, Content Requirements for Qualifying Real Estate Courses.聽 星空体育app下载 staff clarified that the rule proposal simply cleans up the rule language to remove the references to topics required for each course, rather, pointing specifically to each qualifying course approval form to define content.聽

Escalating to Trouble

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.聽