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Who enforces the real estate Dealers Act in Texas?

The Texas Real Estate Commission (TREC), on the other hand, enforces the provisions of TRELA. The Texas legislature created TREC in 1949 (10 years after the creation of TRELA) for that purpose. Think of it this way: TRELA is the law, and TREC is the enforcer of that law.

Who regulates real estate agents in Texas?

The Texas Real Estate Commission, also called the TREC, is a state regulatory agency in Texas that oversees all of the states real estate licensees and regulates the real estate industry in Texas.

What is the most common complaint filed against realtors?

Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Sellers Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.

What is the main purpose of the Texas Real Estate License Act?

The Purpose of TRELA The state legislature of Texas passed the Texas Real Estate License Act to protect the public from brokers and sales agents who are dishonest. TRELA also: Establishes rules that license holders must follow that pertain to obtaining, and later maintaining, a real estate license.

What is one promulgated form that Texas Realtors has and TREC does not?

TREC does not promulgate listing or buyer representation agreements, property management contracts, forms for commercial property, or residential leases (other than temporary residential leases used in connection with a sale). Contact your attorney or a real estate trade association for such forms.

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What does TREC not regulate?

TREC does not regulate the fees paid to any real estate license holder, including buyers agents, sellers agents, brokers, inspectors or appraisers. All fees are set by your agreement with each professional.

Which government agency is responsible for enforcing the Texas real estate license Act?

The TREC enforcement team members carry out the Commissions mission to protect consumers by enforcing The Real Estate License Act, Rules of the Commission, Chapter 1102 of the Texas Occupations Code regarding Real Estate Inspectors, and the Texas Timeshare Act.

How many locations exist where the TREC consumer protection notice is required?

Who is Required to Provide the Consumer Protection Notice? Real estate brokers, sales agents, inspectors, and easement or right-of-way (ERW) agents must provide the Consumer Protection Notice. Check these three locations where the form is required and make sure youre using the right version.

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