What is the purpose of the rules of the Texas Real Estate Commission?
xas Legislature established the Texas Real Estate Commission (TREC) in1949 to safeguard consumers in matters of real property transactions and valuation services.
What is the main purpose of the Texas Real Estate Commission quizlet?
TREC’s primary function is to protect the public from unscrupulous or illegal acts of real estate professionals by enforcing the laws of Chapters 1101 and 1102 of the occupations code and adopt new rules as necessary.
What is the purpose of Texas Real Estate License Law quizlet?
The Texas Real Estate License Act purpose is: to protect the public from against unscrupulous brokers and sales persons.
What is the purpose of the Real Estate License Law quizlet?
to protect the general public during real estate transactions from dishonest or incompetent brokers and sales agents, set out minimum standards and qualifications for licensing brokers and sales agents, maintain high standards for the real estate profession, and protect licensed brokers and sales agents from unfair or …
What is the primary purpose of real estate licensing laws?
These laws define the legal relationship between licensees and the parties to a real estate transaction. They also serve to provide each with a clear understanding of the duties that the real estate licensee will be expected to perform in the transaction.
What are the purposes of Trela?
TRELA lays out the minimum requirements for obtaining a Texas real estate license. It also sets expiration and renewal terms to make it easier to hold licensees to updating standards.
What is one of the 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 effect do the rules made by the Commission have on license holders quizlet?
What effect do the rules made by the commission have on licensees? the rules have full force and effect of law. The commission has rule-making authority, and the rules of the commission have the full force and effect of law. A new home builder wants to use her own contract.
Who is the head of the Texas Real Estate Commission?
The Governor designates a member to serve as the Chair of the Commission. Currently, the Chair is Scott Kesner.
What is the real estate license status of a person conducting a real estate transaction under a court order?
What is the real estate license status of a person conducting a real estate transaction under a court order? The person is exempt from holding a real estate license.
When a Texas real estate license holder is in inactive status?
With an inactive license, you pay the renewal fee every two years to keep the license current but are not required to complete CE. This means you are unable to provide real estate services as a license holder but would have an inactive and current license with TREC.
How do I apply for the PE exam in Texas?
- Application & Fee. PE applications can be submitted online (with online payment) or via mail (with a check). …
- Supplementary Experience Record (SER) …
- Ethics Exam. …
- College/University transcripts. …
- Reference Statement Form. …
- Co-Signed SER.
What government entity was created for the purpose of administering and enforcing real estate law?
The California Department of Real Estate (DRE) is a California state agency focused on safeguarding and promoting the public interest in real estate matters through licensure, regulation, education, and enforcement.
What government entity was created for the purpose of administering and enforcing real estate?
On August 4, 1943, the Legislature organized the statutory authority of the Department of Real Estate (DRE) into the two Parts of Division 4 of the Business and Professions Code (hereinafter, the Code). Part 1 (now Sections 10000 to 10580) is titled Licensing of Persons and may be cited as the Real Estate Law.
Who administers state real estate license laws in each state?
State license laws are administered in each state by a real estate commission. The commission is charged with administering and enforcing license laws.