H.B. No. 3913 seeks to amend the Occupations Code to enhance the licensing and regulation of real estate professionals by the Texas Real Estate Commission. The bill removes specific topics from the definition of "qualifying real estate courses," such as detailed elements of agency law and contract law, while introducing new provisions that allow the commission to accept gifts and donations for its activities. It also establishes updated educational requirements for broker and sales agent licenses, including the completion of specific qualifying courses and attendance at a broker responsibility course. Additionally, the bill mandates that license holders provide updated contact information to the commission and clarifies conditions under which brokers can show properties without representing the involved parties.

Further, the bill requires brokers to enter into a written agreement with prospective buyers before showing properties, detailing the services provided, termination dates, exclusivity, and compensation, with a disclosure that broker compensation is negotiable. It expands the grounds for suspension or revocation of a real estate license, including the failure to enter into the required written agreement, and modifies existing disciplinary actions for license holders. The bill also repeals certain provisions of the Occupations Code and specifies that the amendments will apply only to actions and applications submitted on or after January 1, 2026. Overall, H.B. No. 3913 aims to improve transparency and regulatory standards within the Texas real estate industry.

Statutes affected:
Introduced: Occupations Code 1101.003, Occupations Code 1101.161, Occupations Code 1101.204, Occupations Code 1101.356, Occupations Code 1101.358, Occupations Code 1101.458, Occupations Code 1101.552, Occupations Code 1101.652, Occupations Code 1101.653 (Occupations Code 1101)
House Committee Report: Occupations Code 1101.003, Occupations Code 1101.161, Occupations Code 1101.204, Occupations Code 1101.301, Occupations Code 1101.356, Occupations Code 1101.358, Occupations Code 1101.458, Occupations Code 1101.552, Occupations Code 1101.652, Occupations Code 1101.653 (Occupations Code 1101)