On September 27, 2010, I wrote a featured blog titled; "New Advertising Rule to Cost Texas Real Estate Professionals Millions" discussing some proposed rule changes that I thought were not in the best interest of Texas real estate professionals.
The Texas Real Estate Commission (TREC) had proposed a rule change to 535.154. The new rule would require any advertising placed by a salesperson to contain the license number of the sponsoring broker. Brokers will be required to place their license number on any advertising they place.
We had almost 100 comments sent to TREC. A couple comments supported the change but the vast majority of comments were not in favor of the change as proposed.
The Texas Association of REALTORS®, RE/MAX of Texas, and the MetroTex Association of REALTORS® all wrote letters opposing the change. I also read many emails and comments from individual Texas brokers and salespersons.
I think the vast majority of us would support changes that make sense.
The good news is our collective voices were heard. TREC withdrew their proposed rule changes and decided to leave the 535.154 unchanged. I received quite a bit of email on the original post and your support was appreciated.
On another note, the Texas Association of REALTORS® did get their citation program approved by the state and the National Association of REALTORs®.
I expect a massive wave of anonymous Code of Ethics complaints beginning in January.
Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton. While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure. Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.
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The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
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