Relating to the regulation of real estate brokers, agents, inspectors, appraisers, and appraisal management companies.

SB 1476 tightens disciplinary rules for Texas real estate professionals (brokers, agents, inspectors, appraisers, and appraisal companies) by requiring them to notify the licensing commission within 30 days of being convicted of or pleading guilty to certain offenses. The bill adds specific grounds for license suspension or revocation, including felonies, fraud-related crimes, and drug offenses, without waiting for appeal deadlines to expire. It also mandates reporting of convictions under Texas Penal Code Chapters 31-35 (covering fraud, theft, etc.) or Health and Safety Code Chapter 481 (drug offenses). This directly affects license holders who face these criminal charges, requiring prompt disclosure to the commission. The changes update existing licensing regulations to strengthen accountability for professional misconduct.