Texas House Bill HB1918

Texas 2015 - 84th Regular

Caption

Relating to the Texas Real Estate Commission and the regulation of certain real estate professionals; increasing a fee; authorizing a fee.

Impact

This legislation significantly impacts state laws governing real estate practices, particularly in establishing a framework that allows for increased fees as a means of securing adequate funding for the Texas Real Estate Commission's operational and regulatory responsibilities. By enabling the Commission to adjust fees as necessary, the bill helps to maintain high standards within the real estate profession while addressing any budgetary constraints the Commission may face in fulfilling its regulatory obligations.

Summary

House Bill 1918 addresses the regulation of real estate professionals in Texas by amending provisions under Chapter 1101 of the Occupations Code. The bill's intent is to provide the Texas Real Estate Commission with the authority to increase fees associated with broker licenses and sales agent licenses, thereby enhancing the commission's capacity to regulate the field effectively. The fee adjustments are constructed to ensure that the Commission can fulfill its duties, which include oversight of educational programs, enforcement of licensing requirements, and handling disciplinary issues involving licensed professionals.

Contention

One notable point of contention surrounding HB 1918 involves concerns raised by industry stakeholders regarding the potential burden of increased fees on new and small real estate businesses. Critics argue that raising fees could limit access to the profession and impose financial strain on emerging brokers and agents. Supporters, however, argue that the fees are essential for maintaining the integrity of licensing processes and ensuring that the Commission has the necessary resources to enforce compliance and protect consumers from fraud and malpractices within the real estate market.