LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION March 18, 2025 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1172 by Perry (relating to exempting certain transactions from regulation by the Texas Real Estate Commission.), Committee Report 1st House, Substituted No significant fiscal implication to the State is anticipated. The Texas Real Estate Commission is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process. Local Government ImpactNo significant fiscal implication to units of local government is anticipated. Source Agencies: b > td > 329 Real Estate Commission LBB Staff: b > td > JMc, RStu, GDZ, DPE
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
March 18, 2025
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB1172 by Perry (relating to exempting certain transactions from regulation by the Texas Real Estate Commission.), Committee Report 1st House, Substituted
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB1172 by Perry (relating to exempting certain transactions from regulation by the Texas Real Estate Commission.), Committee Report 1st House, Substituted
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB1172 by Perry (relating to exempting certain transactions from regulation by the Texas Real Estate Commission.), Committee Report 1st House, Substituted
SB1172 by Perry (relating to exempting certain transactions from regulation by the Texas Real Estate Commission.), Committee Report 1st House, Substituted
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The Texas Real Estate Commission is a self-directed, semi-independent agency that is responsible for its costs of operations, prohibited from causing the General Revenue Fund to incur any cost, and not subject to the legislative budgeting process.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 329 Real Estate Commission
329 Real Estate Commission
LBB Staff: b > td > JMc, RStu, GDZ, DPE
JMc, RStu, GDZ, DPE