Bill To Update Texas Real Estate Commission Sent to Governor’s Desk

Over the weekend, the Texas Legislature sent REALTOR®-priority legislation to Gov. Greg Abbott’s desk. SB 1577, which will update administrative language for the Texas Real Estate Commission and preserve the work of the Texas Real Estate Research Center at Texas A&M University, passed the House 137-0. The bill is the first major REALTOR®-supported legislation this session to clear the Legislature.

The bill, authored by Sen. Jose Menéndez (D-San Antonio), “Revises outdated terms and procedures at the Texas Real Estate Commission,” explained the bill’s House sponsor, Rep. Ken King (R-Canadian), on Saturday. This legislation will modernize the statute governing the commission for the first time since its creation in 1971, bringing it into the 21st century and setting it on the path to success. After the bill is signed by the governor, it will go into effect on January 1, 2024.

“Texas REALTORS® thanks Sen. Menéndez and Rep. King for leading the way toward this victory for the association and all Texas property owners,” said Tray Bates, Vice President of Governmental Affairs. “We look forward to Gov. Abbott signing the bill in June.”

Source: Texas REALTORS®