The Texas Real Estate Commission (TREC) adopts an amendment to §535.64, concerning accreditation of schools, without changes to the proposed text as published in the April 28, 2000, issue of the Texas Register (25 TexReg 3693).

The amendment permits a currently accredited school to apply for accreditation for a new five-year period without providing detailed financial information if the school has provided the statutory surety bond or its equivalent and there are no unsatisfied final money judgments against the school. Adoption of the amendment is necessary to simplify the accreditation process for existing schools that have provided the statutory bond for the protection of their students and have no unsatisfied final money judgments against them.

No comments were received regarding the proposal.

The amendment is adopted under Texas Civil Statutes, Article 6573a, §5(h), which authorizes the Texas Real Estate Commission to make and enforce all rules and regulations necessary for the performance of its duties.