The bill amends the Occupations Code to enhance the regulatory framework for real estate brokers, agents, inspectors, appraisers, and appraisal management companies in Texas. Key changes include the introduction of new provisions that allow the Texas Real Estate Commission and the relevant boards to suspend or revoke licenses or certificates for individuals who plead guilty or are convicted of specific offenses, including felonies and certain crimes related to fraud or controlled substances. The bill specifies that individuals whose licenses are revoked under these provisions will not be eligible for a new license or certificate until ten years have passed from the date of revocation or the completion of their sentence.

Additionally, the bill revises existing language regarding disciplinary actions against license holders, removing outdated references and clarifying the conditions under which disciplinary measures can be taken. The new sections added to the code outline the eligibility criteria for obtaining a new license or certificate after revocation, emphasizing the importance of maintaining integrity within the real estate profession. The changes are set to apply to offenses occurring on or after January 1, 2020, and the Texas Real Estate Commission and the Texas Appraiser Licensing and Certification Board are tasked with implementing the necessary rules following the bill's passage.

Statutes affected:
Introduced: Occupations Code 1101.652 (Occupations Code 1101)