Bill > SB1968

This bill modifies various aspects of real estate professional licensing and regulation in Texas, focusing on several key areas. The bill streamlines the definition of qualifying real estate courses by removing detailed topic lists and simplifying course descriptions. It expands the Texas Real Estate Commission's ability to accept gifts and grants, and modifies notification procedures for license holders under investigation. The bill introduces new requirements for broker and sales agent licensing, including mandatory broker responsibility courses and specific educational requirements. Notably, it establishes new provisions for real property showings, requiring written agreements between brokers and prospective buyers for residential properties, with specific disclosure and transparency requirements. The bill also expands grounds for disciplinary action against license holders, adding a provision that failing to enter into a required written agreement with a prospective buyer can be grounds for license suspension or revocation. Additionally, the bill updates various administrative requirements, such as mandating that license holders provide current contact and business information to the commission. These changes aim to enhance transparency, professionalism, and consumer protection in real estate transactions in Texas, with most provisions set to take effect on January 1, 2026.

Business and Industry, Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB1968