TREC Comment 10 15 2010 mk

October 12, 2010 Ms. Loretta DeHay Texas Real Estate Commission P. O. Box 12188 Austin, TX 78711-2188 Dear Ms. DeHay: On behalf of the 85,000 members of the Texas Association of REALTORS®, I am pleased to provide the following comments regarding the Texas Real Estate Commission’s proposed rules regarding Chapters 535 and 537 of the Texas Administrative Code, as published in the Texas Register on September 10, 2010 and September 24, 2010. Support 22 TAC §535.2 – The Texas Association of REALTORS® supports adoption of the proposed changes that will articulate brokers’ responsibilities to their sponsored salespersons, the public, and other brokers. 22 TAC §535.4 – The Texas Association of REALTORS® supports adoption of the proposed changes that clarify that a corporation or limited liability company owned by a broker or salesperson that receives compensation on behalf of the licensee must be licensed as a broker. 22 TAC §535.146 – The Texas Association of REALTORS® supports adoption of the proposed changes that clarify requirements that apply to maintenance of trust accounts. 22 TAC §535.181 – The Texas Association of REALTORS® supports adoption of the proposed changes that would allow the Texas Real Estate Commission to impose an administrative penalty and issue an order to cease and desist with respect to unlicensed activity. Oppose 22 TAC §535.54 – The Texas Association of REALTORS® opposes the adoption of new subsection (b). This ...