REAL ESTATE EXAM REVIEW WITH COMPLETE SOLUTIONS | LATEST UPDATE 2023

• Commission Duties and Powers o Texas Real Estate Commission (TREC) ▪ Nine Member – six brokers and three members of the general public ▪ Appointed by the governor to staggered six-year terms ▪ One broker designated by the governor as chairperson o Duties and Powers ▪ Protect the public ▪ Make and enforce rules and regulations ▪ Establish standards of conduct and ethics for licensees ▪ Administer and enforce license law and levy civil fines ▪ Select an administrator and employees to administer the law ▪ Issue license and probationary licenses and collect money for licenses and renewals ▪ Conduct investigations (within 4 years after the incident) hold hearings, and issue injunctions ▪ Suspend or revoke a license, and place on probation or reprimand a licenses ▪ Initiate a cease and desist action ▪ Inspect and accredit real estate educational programs ▪ Promulgate Contracts and Addenda ▪ Enforce the Texas Time-Share Act