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Signed into law
As anticipated, all association priority bills have been signed by the governor.
HB 8– prohibiting most private transfer fees on real estate – signed by the governor June 17, effective immediately.
Read an article from MySanAntonio.com.
SB 747– TREC reform – signed by the governor June 17, various effective dates.
SB 1000– Making TREC a self-directed, semi-independent state agency – signed June 17, effective September 1, 2011.
SB 1353– Clarifying an exemption for real estate brokerage under the Deceptive Trade Practices Act – signed May 28, effective May 28.
Read the news release from earlier this week.
TWIA
Legislators continue to debate issues surrounding the Texas Windstorm Insurance Agency (TWIA) and are blaming special-interest groups for some of the turmoil.
Lt. Gov. Dewhurst called TWIA reform "must-pass" legislation, and the governor has made it clear he wants the TWIA issue resolved as hurricane season ramps up.
House Insurance Committee chairman John Smithee (R-Amarillo) says, “Realistically, we’ve got a 50/50 chance” of passing a measure in the current special session.
If the TWIA debate isn’t solved by the time this session ends on June 29, it’s possible, even likely, that Gov. Perry will call lawmakers back for a second special session.
TAR tracks current legislative issues that affect the real estate industry: Current Events - requires TAR login
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