August 30, 2023
In This Issue:
- TREC News
- Legislative Update: Texas Attorney General's Impeachment Trial Begins Tuesday in Texas Senate
TREC News
TLTA | Aug. 31, 2023
New Seller’s Disclosure Notice form in effect on Sept. 1
HB 697, which was approved by the Texas Legislature during the 88th Regular Legislative Session earlier this year, updates the Seller's Disclosure Notice as explained in this blurb from the
Texas Real Estate Commission's site:
What changed?
Sellers must disclose the type of piping used for gas supply lines—black iron pipe, copper, or corrugated stainless steel tubing (CSST).
How will sellers know what type of piping they have?
They may not know and can indicate “unknown” on the notice. Inspectors have been required to note the type of fuel gas piping on their reports since 2022, so it may take time, but more people will have access to this information as more inspections are completed.
Where is the revised form?
The new version of the Seller’s Disclosure Notice is
available online and should be used for contracts executed on or after September 1, 2023.
New confidentiality requirements will impact access to some realtor info on TREC's License Holder Search
SB 510, which was which was approved by the Texas Legislature during the 88th Regular Legislative Session earlier this year, requires all licensing agencies to protect private information about applicants and current and past license holders, including the Texas Real Estate Commission.
Title agents searching for realtor license numbers, CE providers serving realtors, and title industry professionals accessing high value data sets on TREC's site may be impacted by these changes.
Learn more in this article from TREC »
Legislative Update: Texas Attorney General's Impeachment Trial Begins Tuesday in Texas Senate
TLTA | Aug. 31, 2023
In May, the Texas House of Representatives voted 123-21 to suspend Texas' Attorney General and referred him to the Texas Senate for trial – a process defined by the Texas Constitution.
The trial in the Texas Senate starts this Tuesday, Sept. 5, and it's expected to last up to one month. Whatever the outcome of the Senate's trial, there will be practical and political implications of these impeachment proceedings in the Texas Legislature and among the statewide officers with whom we work.
Your TLTA Advocacy Team continues to monitor this process from a distance. At this time we see no developments directly related to our industry's functions. As the implications of this process solidify, we will report here in Dateline any industry-impacting information you need to know.