The Broker Responsibility Advisory Committee (BRAC) convened on October 15 to consider public feedback and address concerns related to transaction coordinators and the completion of the Information About Brokerage Services (IABS) form.
In August, the Texas Real Estate Commission proposed amendments to Rule 535.56, which outlines education and experience requirements for obtaining a broker license. These changes were recommended by BRAC.
Under the proposed revisions, the number of experience points required for a broker’s license would increase from 360 to 720. The amount of real estate-related education hours that can be credited from a bachelor’s degree would be capped at 300 hours. However, the total education requirement of 900 hours to become a licensed broker would remain unchanged.
Additional adjustments include allowing up to 300 hours of the required real estate education to be substituted with experience points earned beyond the minimum needed for licensure. The calculation method for property management experience would shift to a per property per year basis instead of just per property. The brokerage management or delegated supervisor calculation would also move to a points-per-transaction model.
Currently, applicants receive full credit for all 630 hours of real estate-related education if they hold a bachelor’s degree and must have at least four years of active experience within five years before applying, totaling 360 experience points.
After considering public comments, BRAC has recommended that the Commission adopt these proposed changes.
During its meeting, BRAC also discussed challenges with transaction coordinators and showing agents who work with multiple brokerages; this topic will be revisited in future meetings.
Concerns were raised about agents not fully completing the IABS form, potentially causing confusion among consumers regarding whom to contact during transactions. The committee suggested that more educational resources should be provided to license holders on properly filling out this form.
The next BRAC meeting is scheduled for January 14, 2026.
###
