H.B. No. 3913 seeks to amend the licensing and regulation of real estate professionals under the Texas Real Estate Commission by removing specific topics from the definition of "qualifying real estate courses," such as detailed elements of agency law, contract law, and principles of real estate. The bill introduces provisions that allow the commission to accept gifts and donations for real estate regulation activities, clarifies notice requirements for license holders during investigations, and establishes new 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 modifies the requirements for license holders to update their contact information and allows brokers to show properties without representing the party, provided they do not offer opinions or advice about the property. It mandates that brokers enter into a written agreement with prospective buyers before showing properties, detailing the services provided and the terms of broker compensation. The bill expands the grounds for license suspension or revocation, including failure to enter into the required written agreement, and clarifies that the amendments will apply only to actions submitted on or after January 1, 2026. Overall, the bill aims to enhance transparency and accountability in real estate transactions while ensuring prospective buyers are well-informed of their rights and agreements with brokers.

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)