TREC

The Texas Real Estate Commission is on the hunt for someone to fill the simultaneous roles of TREC executive director and Texas Appraiser Licensing and Certification Board commissioner, state home sales are trending upward again (but it’s more of a mixed bag in North Texas), and we find out what demographic is more likely to tap into retirement to fund their downpayment on a home, all in this week’s roundup of real estate news.

TREC on the Hunt For New Executive Director

TREC

Douglas Oldmixon

Longtime Texas Real Estate Commission executive director Douglas Oldmixon is retiring in March 2020, and now the agency is on the hunt for his replacement.

The TREC executive director also serves as the commissioner for the Texas Appraiser Licensing and Certification Board and, according to the agency, “is responsible for organizational culture and day-to-day operations of the agency.”

“This includes managing staff and agency resources, overseeing the annual budget, and developing and implementing a strategic plan in collaboration with TREC and TALCB policymakers appointed by the Governor,” the agency continued.

TREC and TALCB provide oversight of real estate brokers, appraisals, property inspections, home warranties, and more. It also provides licensing, education, and complaint investigation services. (more…)

The majority of sellers in 2019 are prepared to deal with a slower housing market, know they need an agent, but are still unclear on costs associated with selling a home, a new report revealed.

The report by Clever.com found that 65 percent of those surveyed were aware that 2019 might signal a slowdown in the market, and were prepared to wait longer for a good price versus selling their home quickly.

More than 60 percent of those surveyed said they wouldn’t feel comfortable handling the paperwork for a real estate transaction and would hire a Realtor, and half said they wouldn’t feel comfortable negotiating with buyers on their own. (more…)