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Texas Real Estate Exam (State Portion): Commission Duties and Powers. Exam Questions With Revised Answers

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Texas Real Estate Exam (State Portion): Commission Duties and Powers. Exam Questions With Revised Answers 1939 - answerTexas Real Estate (Dealers) License Act makes it illegal to sell real estate without a license 1949 - answerTRELA (Texas Real Estate Licensing Act) was passed creating TREC (Texas Real Estate Commission) TREC (Texas Real Estate Commission) - answerCreated 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 - answermake 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 Real Estate Broker Lawyer Committee - answerdraft/revise TREC promulgated contracts 13 members: 6 by commission, 6 state bar appointed by Pres., 1 public member appointed by Governor staggered 6 year terms: 2 com

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Institution
Texas Real estate
Course
Texas Real estate

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Uploaded on
September 8, 2024
Number of pages
3
Written in
2024/2025
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Exam (elaborations)
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©THEBRIGHTSTARS 2024




Texas Real Estate Exam (State Portion):
Commission Duties and Powers. Exam
Questions With Revised Answers

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

Real Estate Broker Lawyer Committee - answer✔✔draft/revise TREC promulgated contracts
13 members: 6 by commission, 6 state bar appointed by Pres., 1 public member appointed by
Governor
staggered 6 year terms: 2 commission appointees, 2 state bar appointees (expires every 2 years)

Advisory Committee - answer✔✔may not receive compensation for but may be reimbursed for
actual and necessary expenses

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