The Texas Real Estate Commission (TREC) proposes an amendment to §535.65, concerning changes in ownership or operation of school; presentation of courses, advertising, and records. The amendment would permit accredited real estate schools to request MCE credit to be given to instructors of real estate core courses subject to certain restrictions. This amendment is similar to §535.72(m) which permits continuing education providers to request MCE credit to be given to MCE instructors.

Loretta R. DeHay, general counsel, has determined that for the first five-year period the section is in effect there will be no fiscal implications for the state as a result of enforcing or administering the section. There are no anticipated fiscal implications for units of local government. There is no anticipated impact on small businesses, micro businesses or local or state employment as a result of implementing the section.

Ms. DeHay also has determined that for each year of the first five years the section as proposed is in effect the public benefit anticipated as a result of enforcing the section will be an enhancement of the educational process for schools and instructors. There is no anticipated economic cost to persons who are required to comply with the proposed section.

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

The statute which is affected by this proposal is Texas Civil Statutes, Article 6573a.