What is the main purpose of the Texas real estate Act?
What is the main purpose of the Recovery Trust Account?
The Texas Real Estate Commission is composed of nine members appointed by the Governor for six-year terms.
TREC regulates: real estate brokers and salespersons; • real estate inspectors; • real estate appraisers; education providers for real estate, home inspection and appraisal courses; The members are appointed for six-year terms, with the terms of three members (2 brokers and 1 public member) expiring every two years.
The Texas Real Estate Broker-Lawyer Committee was created in 1983. It drafts and revises contract forms for use by real estate licensees. The purpose is to expedite real estate transactions and reduce controversies while protecting the interests of the parties involved.
What is a main function of the Texas real estate Commission quizlet?
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.