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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.

What is a TREC contract in Texas?

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

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 forms are not promulgated by TREC?

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).

Does TREC regulate appraisers?

TREC shares staff members and resources with the Texas Appraiser Licensing and Certification Board (TALCB), established as an independent subdivision of TREC in 1991 when federal law required increased regulation of appraisals.

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