Texas Real Estate Exam (State Portion): Commission Duties and Powers Study Guide with Complete Solutions
8 views 0 purchase
Module
Texas Real estate
Institution
Texas Real Estate
Texas Real Estate Exam (State Portion):
Commission Duties and Powers Study
Guide with Complete Solutions
1939 - Answer️️ -Texas Real Estate (Dealers) License Act makes it illegal to sell real
estate without a license
1949 - Answer️️ -TRELA (Texas Real Estate Licensing Act) was passed c...
Texas Real Estate Exam (State Portion):
Commission Duties and Powers Study
Guide with Complete Solutions
1939 - Answer✔️✔️-Texas Real Estate (Dealers) License Act makes it illegal to sell real
estate without a license
1949 - Answer✔️✔️-TRELA (Texas Real Estate Licensing Act) was passed creating
TREC (Texas Real Estate Commission)
TREC (Texas Real Estate Commission) - Answer✔️✔️-Created in 1949 consisting of 9
commissioners:
6 brokers with 5+ years experience, 3 general public
Appointed by the Governor for 6 years
Approved by 2/3 of the Senate
Coded TRELA as Title 7 of Occupational Code:
Chapter 1101- activities of brokers and sales assoc.
Chapter 1102- license and law of RE inspectors
TREC duties/ powers - Answer✔️✔️-make rules and regulations, full force and effect of
law, protect public, inspect/accredit education programs, advise with reference to laws
administered, NOT mediate between disputes, NOT recommend licensees, conduct
hearings/final decisions in contested cases, suspend/revoke licenses in violation of Act
or rule
Page | 1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.13. You're not tied to anything after your purchase.
