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Committee hears bill to update real estate agency rules; Texas Realtors support written buyer agreements
Summary
Senate Bill 1968 would update the Real Estate License Act to remove subagency, require written buyer-representation agreements for showings and offers, and align education language with the Texas Real Estate Commission; the committee heard resource testimony from Texas Realtors and left the bill pending.
Senate Bill 1968, introduced by Senator Swartner, would update the Real Estate License Act to reflect modern home-purchase practices by clarifying relationships between brokers and buyers, eliminating ‘subagency,’ and increasing requirements for written representation agreements.
Senator Swartner told the committee the measure would remove subagency — “a confusing and outdated practice in which an agent represents a seller, but assists a buyer without formally representing them,” he said — and would “encourage written…
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