TREC New Anti-Rebating and Marketing Rules

The Texas Real Estate Commission recently amended §535.148 (and made conforming changes to §535.220) to strengthen settlement service provider independence and provide clarity about consumer protection issues when a license holder pays funds to or receives funds from another real estate settlement service provider. 

TREC has long had rules in place limiting an inspector’s ability to engage in what is commonly known as “pay to play.” However, TREC has not had explicit rules addressing this issue for other TREC license holders. The recent rule amendments provide parity for all license types subject to TREC’s jurisdiction.
 

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11/1/2019
Compliance Update

Reference

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