Looks Like Gov. Abbott Created a Mess

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Real Estate Agent with Bill Cherry, Realtor 0124242

Texas Governor Greg Abbott

 New Brokerage Advertising Rules on the Horizon

Governor Abbott Has Signed SB 2212

SB 2212 makes changes to the regulations governing advertising for real estate brokers and sales agents.  

It removes the current requirement that the advertiser be identified in each advertisement as a broker or agent, and clarifies that an advertisement is misleading if it fails to include the name of the broker, or if it implies that a sales agent is responsible for the operation of a brokerage. 

 

Effective September 1st, the Commission may not require license holders to include the term broker or agent, or a reference to the Commission, or the person’s license number in the person’s advertisement. The change in emphasis regarding these advertising policies highlights the critical importance of proper and timely delivery of the Information About Brokerage Services (IABS) form and the Consumer Protection Notice disclosures. 

 

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Rainmaker
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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

What is the logic behind changing the regulation? Who does it help and who does it hurt?

Jul 05, 2017 11:52 AM #1
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Don, and yes what is the logic in this?

Jul 05, 2017 01:15 PM #2
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

It sounds like Governor Abbott has bowed to the whims of third parties, who do real estate advertising, but are not licensees.  I can almsot small Z & T all over this.

Jul 05, 2017 04:05 PM #3
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Anna Banana Kruchten Arizona's Top Banana!
HomeSmart Real Estate BR030809000 - Phoenix, AZ
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What brought this all on Bill?  Why the changes?

Jul 05, 2017 06:18 PM #4
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Nothing is surprising to me anymore that happens in Texas. The deregulation mania which is for the sake of deregulation is bunk.

Jul 06, 2017 06:41 AM #5
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BILL CHERRY

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