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The Broker-Lawyer Committee drafts and revises contract forms for use by real estate license holders. The purpose is to expedite real estate transactions and reduce controversies while protecting the interests of the parties involved.
The Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders. 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.
Texas students are required to take 180 hours of Pre-Licensing coursework to become a licensed real estate agent. These 180 hours are broken down into six 30-hour courses that cover a wide range of topics that will educate the candidate and prepare them for their career.
Terms in this set (386) A real estate broker, acting only as a principal to a transaction (i.e., as a buyer or seller), is exempt from mandatory use of a TREC-promulgated form.
Yes, a home seller can back out of a real estate contract, but only in instances in which they're willing to compensate the buyer for their trouble, or they sold to a buyer who is also experiencing buyer's remorse.
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People also ask

TRELA AcronymDefinitionTRELAThe Real Estate License Act (Texas)
The purpose of the Texas Real Estate Commission is to protect the public through regulation of licensed real estate brokerage practitioners, real estate inspectors, residential service companies, and entities offering timeshare interests.
TREC implements the laws passed by the Texas Legislature through the rulemaking process. Additionally, TREC educates, licenses, and disciplines license holders\u2014no more, and no less.
Yes. The contract forms are available for public use. A TREC contract form, however, is intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.
TREC has the authority to adopt administrative rules to provide specificity to provisions of the Acts. TREC may also adopt rules to establish a policy regarding certain practices. Both the Acts and TREC rules are a great resource for helping consumers know what to expect from a real estate service provider.

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