AYPO Law of Agency 96 Questions And Answers
The Original Legislation: - ️️The Real Estate Dealers Act of 1939 main piece of Texas law governing the licensing and behavior of real estate professionals in the state. - ️️The Real Estate License Act (TRELA) Licensing Duties were added in: - ️️1955 Broker license was changed from 2 years in the 36 month before the application to: - ️️4 Years in the 60 months before application TREC is the agency in charge of overseeing the licensing and professional activities of: - ️️-Real estate brokers -Real estate sales agents -Real estate inspectors -Providers of real estate and inspection education courses -Residential service companies -Timeshare developers -Easement or Right-of-Way (ERW) Agents TREC Membership Makeup - ️️6 licensed real estate brokers and 3 members of the public, who are appointed by the Governor of Texas Serving 6 year terms
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