TX
Texas Legislative Bills
2 legislative bills tracked for real estate wholesalers & investors
Medium Risk
Last synced: 1h ago
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SB2212Enacted — In ForceIn force since Sep 1, 2017 Medium Risk
Relating to certain real estate sales, brokerage, and advertising activities, certain functions of the Texas Real Estate Commission.
Summary
- SB2212 addresses regulations surrounding real estate sales, brokerage, and advertising activities in Texas, enhancing the authority of the Texas Real Estate Commission
- It aims to clarify and enforce compliance within the real estate industry
What This Means for Wholesalers
- This bill may impose stricter regulations on wholesalers, potentially requiring them to obtain a real estate license to operate legally
- Wholesalers could face increased scrutiny regarding their advertising and contract assignment practices
license required
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SB1577Enacted — In ForceIn force since Jan 1, 2024 Low Risk
Relating to the Texas Real Estate Research Center, the Real Estate Research Advisory Committee, the Texas Real Estate Commission, and the Texas Appraiser Licensing and Certification Board; increasing a fee; authorizing a fee.
Summary
- SB1577 relates to the Texas Real Estate Research Center and associated committees and boards, focusing on increasing and authorizing fees
- It aims to enhance the operational capacity of these entities in overseeing real estate practices in Texas
What This Means for Wholesalers
- This bill does not directly impose new regulations on wholesalers or their activities
- However, the increased fees may indirectly affect the overall cost of doing business in the real estate market, which could influence wholesalers' profit margins
other
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