Welcome to the Real Estate Councils of Texas website!

The Real Estate Councils of Texas (RECsTX), organized in September of 2008, is comprised of real estate development associations from Austin, Dallas, Fort Worth, Houston and San Antonio. Recognizing a need for statewide representation, the associations will work together to monitor and advocate on legislative issues that are important to the industry. In addition, the Real Estate Councils of Texas will serve as an industry resource to provide necessary educational materials to the public and the Texas Legislature.

Mission
The Real Estate Councils of Texas will serve as the unified voice of the real estate development industry of Texas to establish a statewide economic footprint, to advocate sound public policy and to educate policymakers on the potential impact of legislative and regulatory measures on the real estate development industry.

Impact
According to the Texas A&M Real Estate Center, real estate is the 3rd most important industry in the state. In a study prepared by economist Jon Hockenyos of TXP Inc., the real estate development industry had the following impact on the Texas economy in 2007:
- Total estimated appraised property value rose to almost $2 trillion.
- Provided more than $3.8 billion in state tax revenue.
- Generated $270.6 billion in total economic activity.
- Contributed $76.8 billion in total labor income.
- Produced 1.75 million total jobs.

Industry
Accounting; Appraisal; Architecture/Planning/Interior Design; Asset Management; Banking/Finance; Broker; Building Systems/Furniture; Construction; Corporate Real Estate; Engineering: Environmental Services; Financial Planning; Hotel/Hospitality; Institutional Finance; Insurance; Leasing; Legal; Loan Servicing; Mortgage Banking; Multi-Family; Real Estate Consulting; Real Estate Development; Real Estate Investment; Residential Real Estate; Retail; Title/Escrow 

 

Press Conference at the Capitol on November 13, 2008 announcing formation of RECsTX.