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How are members selected to serve on the real estate advisory commission?

As of August 13, 2024, in California, The (CAR) will require buyers to sign a buyer representation agreement which informs the buyers of the three ways a buyers agent can get paid for their services.

Are members of the Texas Real Estate Commission they serve staggered?

The governor appoints all the TREC members, including the Chair of the Commission, to serve staggered six-year terms.

Who does the Texas Real Estate Commission protect?

TREC enforces the laws and rules which govern sales agents and brokers. If you have issues or concerns with the broker or sales agent assisting you, or if you feel you are not being represented fairly, you can file a complaint with TREC.

How long are the terms of the Texas Real Estate Commission members?

Four members must be licensed brokers, each of whom has held an active license for the 5 years preceding appointment; one member must be a licensed broker or a licensed sales associate who has held an active license for the 2 years preceding appointment; and two members must be persons who are not, and have never been,

What does the consumer protection notice (TREC) No CN 1/2 include?

The Consumer Protection Notice CN 1-2 informs consumers about how to file complaints against license holders, details the Recovery Trust Account for restitution, and explains TRECs regulatory oversight.

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