The Texas Real Estate Commission (TREC) proposes the repeal of 22 TAC §535.154, Advertising, in Chapter 535, General Provisions.

The repeal is necessary because a new rule is being proposed to provide greater clarity for advertising requirements and to conform the rule with statutory changes made by the 85th Legislature.

Kerri Lewis, General Counsel, has determined that for the first five-year period the proposed repeal is in effect there will be no fiscal implications for the state or for units of local government as a result of enforcing or administering the repeal. There is no significant anticipated impact on small businesses, micro-businesses or local or state employment as a result of implementing the repeal. There is no anticipated significant economic cost to persons who are required to comply with the proposed repeal.

Ms. Lewis also has determined that for each year of the first five years the repeal as proposed is in effect, the public benefit anticipated as a result of enforcing the repeal will be greater consumer knowledge and protection and consistency with statutory requirements.

Comments on the proposal may be submitted to Kerri Lewis, General Counsel, Texas Real Estate Commission, P.O. Box 12188, Austin, Texas 78711-2188 or via email to general.counsel@trec.texas.gov. The deadline for comments is 30 days after publication in the Texas Register.

The repeal is proposed under Texas Occupations Code, §1101.151, which authorizes the Texas Real Estate Commission to adopt and enforce rules necessary to administer Chapters 1101 and 1102; and to establish standards of conduct and ethics for its license holders to fulfill the purposes of Chapters 1101 and 1102 and ensure compliance with Chapters 1101 and 1102.

The statute affected by this proposal are Texas Occupations Code, Chapter 1101. No other statute, code or article is affected by the proposed repeal.