Texas Register Preamble
The Texas Real Estate Commission (TREC) adopts new 22 TAC §543.1, Definitions; §543.2, Registration; §543.3, Amendments; §543.4, Fees; §543.5, Forms; §543.6, Violations; §543.7, Complaints and Disciplinary Proceedings; §543.8, Contract Requirements; §543.9, Disclosure Requirement; §543.10, Exemptions; §543.11, Escrow Requirements; §543.12, Maintenance of Registration; §543.13, Renewal of Registration; and §543.14, Assumed Names, in Chapter 543, Rules Relating to the Provisions of the Texas Timeshare Act. The rules are adopted without changes to the text as published in the May 20, 2022, issue of the Texas Register (47 TexReg 3015) and will not be republished.
The adopted new rules to Chapter 543 are made as a result of the Commission's quadrennial rule review. The adopted changes add a new definitions section for ease of reading and update terminology for consistency throughout the chapter. Additionally, new §543.5, Forms, and §543.13, Renewal of Registration, correct a reference to a Commission form.
No comments were received on the proposed new rules as published.
The new rules are adopted under the Texas Property Code, §221.024, which authorizes the Texas Real Estate Commission to prescribe and publish forms and adopt rules necessary to carry out the provisions of The Texas Timeshare Act.
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