10/13/2026 | Press release | Distributed by Public on 10/13/2026 11:01
The Broker Responsibility Advisory Committee (BRAC) continued its discussion October 7, 2026, on ways to support license holders returning to active practice and improve transparency when transaction coordinators are used.
BRAC discussed whether license holders who have been inactive for an extended period should complete additional education before returning to active practice. Committee members focused on the need to balance competency with a low-friction process that does not create unnecessary barriers for license holders.
Up for consideration is a potential "return to readiness" course designed to help inactive license holders review changes that occurred while they were inactive and assess their ability to recognize common compliance, contract, disclosure, and documentation issues before returning to practice.
The committee also discussed collecting data to determine if there is a connection between inactive license status and enforcement activity.
BRAC tabled the discussion and agreed to add the issue to the agenda for its next meeting, allowing members more time to consider the potential education and broker-supervision approaches and review what data may be available.
BRAC continued its discussion of transaction coordination and whether consumers should be notified when a transaction coordinator or other support person is involved in a transaction. Feedback from members of the public was also included.
The committee considered whether a one-page disclosure, similar in concept to the Information About Brokerage Services (IABS), could provide a straightforward way to notify consumers. This would allow an agent to identify whether a transaction coordinator or assistant would be working on the file and provide information about the role.
BRAC tabled the issue for further discussion at its next meeting on January 13, 2027.
The committee also discussed transparency between agents and brokers. Brokers may not always know when their agents are using unlicensed assistants or who is working on a transaction. The committee recommended that the Commission consider adding information about use of transaction coordinators or unlicensed assistants, including whether use is permitted, compensation issues, etc., in the TREC rule defining the minimum requirements for a broker's policies and procedures manual.