The Texas Real Estate Commission (TREC) proposes an amendment to 22 TAC §531.18 regarding Consumer Information Form 1-1. The amendment would add a reference to the TREC website to download the form.

Loretta R. DeHay, General Counsel, has determined that for the first five-year period the proposed rule as amended 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 rule. There is no anticipated economic effect on small businesses, micro-businesses, persons, or local or state employment as a result of implementing the rule as proposed.

Ms. DeHay also has determined that for each year of the first five years the amended rule as proposed is in effect the public benefit anticipated as a result of enforcing the rule will be clarification of where consumers and licensees may obtain information provided by the agency.

Comments on the proposal may be submitted to Loretta R. DeHay, General Counsel, Texas Real Estate Commission, P.O. Box 12188, Austin, Texas 78711-2188. The deadline for comments is 30 days after publication in the Texas Register.

The amendment is proposed under Texas Occupations Code, §1101.151, which authorizes the Texas Real Estate Commission to make and enforce all rules and regulations necessary for the performance of its duties and to establish standards of conduct and ethics for its licensees in keeping with the purpose and intent of the Act to ensure compliance with the provisions of the Act.

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