The Texas Real Estate Commission (TREC) proposes an amendment to §535.63, concerning education and experience requirements for a license. The amendment would conform the rule to the amendments to The Real Estate License Act made by House Bill 695, 77th Legislature (2001). House Bill 695 increases the number of hours of core real estate courses required for salesperson and broker applications. Effective with applications filed after December 31, 2001, an applicant for a broker license will be required to complete 18 semester (270 classroom) hours of core real estate courses, an increase of 90 core classroom hours over prior law.

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 the removal of a conflict with recent changes to section 7 of The Real Estate License Act, Article 6573a, Texas Civil Statutes. 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.