Texas Senate Bill SB1369

Texas 2021 - 87th Regular

Caption

Relating to the Texas Real Estate Research Center and the Texas Real Estate Commission.

Impact

By solidifying the structure of the Texas Real Estate Research Center, SB1369 aims to bolster research and development in real estate practices, potentially enhancing the state's real estate sector. The bill allows for the establishment of an advisory committee with staggered terms to provide guidance and oversight. It clarifies that the committee's budget and activities must be approved by the board of regents of Texas A&M University, which may streamline operations and improve responsiveness to the needs of the real estate industry.

Summary

SB1369 is a bill that amends existing provisions related to the Texas Real Estate Research Center and the Texas Real Estate Commission. The bill reaffirmatively establishes the Texas Real Estate Research Center at Texas A&M University, outlines the authority of the advisory committee, and details the processes for budget approval and research agenda submission. This legislation seeks to enhance the autonomy and operational oversight of the research center while ensuring accountability and transparency through state auditing requirements.

Contention

While the bill generally appears to have broad support, some stakeholders may express concerns about the additional fees imposed for licensing related to the Texas Real Estate Research Center. The amendment to the fee structure for various licenses could lead to additional costs for real estate professionals, thereby drawing input from industry insiders regarding the impact on business operations. It also raises questions about the balance of governance between state authority and local concerns in real estate matters.