The Texas state legislature passed the Texas Real Estate Licensing Act to protect the public from dishonest brokers and sales agents. Our licensees are governed by the Texas Real Estate Licensing Act, the Inspector Act, and the Timeshare Act. These laws establish the composition of the Commission and its advisory committees and describe the procedures by which a person can become a holder of a real estate license in Texas. The laws also describe TREC's jurisdiction over licensees and registrants.
The Texas Real Estate Commission is responsible for real estate matters. During 1939, the General Assembly passed the Real Estate Dealer Licensing Act, which required licensed real estate agents to work. As early as 1949, this law was handled by the Secretary of State until the Texas Real Estate Commission assumed responsibility for its administration that year. Paying the deferral fee allows you to continue to be actively involved in real estate activities and provides an additional 60 days from your due date to complete your CE.
A licensed attorney will need to meet all standard requirements, including education, examination, and experience, to first issue a real estate sales agent license and then a broker license. This group is a combination of three members who are not licensed by TREC and six members who have licenses from real estate agents or brokers. An active real estate license is required to negotiate a real estate transaction between third parties. Both TREC laws and rules are a great resource to help consumers know what to expect from a real estate service provider.
The Texas Real Estate Licensing Act was originally called the Real Estate Dealer Licensing Act, which was passed in 1939. Certain RERA guidelines govern the development and construction of real estate to make transactions in the sector more transparent. If you believe there has been a violation of the Real Estate Licensing Act or TREC rules. The Texas Real Estate Licensing Act, originally called the Real Estate Dealer Licensing Act, was passed by the Texas Legislature in 1939. Yes, if the real estate business entity has a real estate license and the sales agent is sponsored by that entity. The Commission is composed of nine members appointed by the Governor of Texas, with the consent of the Texas Senate, to oversee and regulate real estate professionals in the state.
It is a violation of the law for a licensee to draft an instrument that transfers or otherwise affects an interest in real estate. After spending a year at Houston Community College, Maria decided that working in real estate was her real interest. The Texas State Legislature passed this law to establish clear standards of conduct and scope of practice for real estate professionals.