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What does the Texas Real Estate Commission regulate?

The Texas Real Estate Commission is also an enforcement authority. The TREC Standards and Enforcement Services (SES) division makes sure all real estate professionals comply with the rules and laws. Theyll determine when laws are broken and if licenses should be revoked.

What is paragraph 11 of the TREC promulgated contract?

11. SPECIAL PROVISIONS: (Insert only factual statements and business details applicable to the sale. TREC rules prohibit license holders from adding factual statements or business details for which a contract addendum, lease or other form has been promulgated by TREC for mandatory use.)

What are the six courses that are required to get a real estate license in Texas referred to as?

You must take and pass 180 hours of Pre-Licensing education from an approved education provider. These 180 hours consist of the following six 30-hour courses: Principles of Real Estate I, Principles of Real Estate II, Law of Agency, Law of Contracts, Promulgated Contract Forms, and Real Estate Finance.

What is trela in real estate?

TRELA and TREC The Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders.

What does Trela stand for in real estate?

The most important legislation affiliated with the TREC is the Texas Real Estate License Act (TRELA), which sets forth the requirements for becoming a licensed real estate agent or broker in Texas.

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When using TREC promulgated forms a licensee may provide legal advice?

If you are obtaining the forms for possible use in a real estate transaction, you should contact a real estate license holder or an attorney for assistance. TREC cannot provide legal advice to the public on private contractual matters.

How does Trela define the term broker?

Broker. A person who, for a commission or other valuable consideration, performs specific real estate-related acts for another person. These acts include, but are not limited to, helping someone in the selling, exchanging, buying, leasing, auctioning, and/or listing of real estate.

Is the TREC made up of nine members?

The Texas Real Estate Commission is composed of nine members appointed by the Governor for six-year terms. Six members must be licensed real estate brokers. Three members must be members of the general public who are not regulated by the Commission.

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