Under the Texas Real Estate License Act (TRELA), which state agency is responsible for administering and enforcing real estate licensing laws in Texas?
Correct Answer
A) Texas Real Estate Commission (TREC)
Under Texas Occupations Code Chapter 1101, the Texas Real Estate Commission (TREC) is the state agency responsible for administering and enforcing real estate licensing laws, including TRELA. TREC licenses and regulates real estate brokers, sales agents, inspectors, and other real estate professionals.
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More Trela Trec Rules Questions
Under TREC rules, a trust account used by a Texas real estate broker to hold client funds must be maintained at which type of institution?
Under TREC rules, a broker who converts client trust funds to personal use has committed which type of violation?
Under TREC rules, what is the primary purpose of the Real Estate Recovery Trust Account?
Under TRELA, which of the following persons is NOT exempt from the Texas real estate licensing requirement?
Under TREC rules, how many hours of continuing education (CE) must a Texas real estate license holder complete during each 2-year renewal cycle?
- → Broker Henderson is approaching his license renewal deadline. He wants to take a CE course that covers changes to the TREC promulgated contract forms. Under TREC rules, would this type of course satisfy part of his CE requirement?
- → Broker Phillips has been renewing her license every 2 years for 10 years. She wonders whether the Broker Responsibility Course content changes each renewal cycle. Under TREC rules, which statement is correct?
- → Under TREC rules, Legal Update I and Legal Update II courses are required for which license holders?
- → Under TRELA, the Texas real estate licensing examination for a sales agent consists of which sections?
- → Under TREC rules, a license holder completes CE early in the renewal cycle, 20 months before the renewal deadline. Do these CE hours count toward the current cycle?
- → Under TREC rules, which CE courses are mandatory for all license holders during every renewal cycle?
- → Under TREC rules, how long must a CE provider retain records of course completion for license holders who have taken their courses?
- → Under TREC rules, which of the following is the correct order of steps in the TREC complaint process?
- → Under TRELA, which of the following is grounds for TREC to take disciplinary action against a license holder?
- → Broker Thompson believes that a newly proposed TREC rule regarding advertising requirements is too restrictive. Under the Texas Administrative Procedure Act, what right does Broker Thompson have before the rule takes effect?
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Under the Texas Administrative Procedure Act, what is the legally required step for a TREC rule to take effect?
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A consumer in Houston paid $50,000 as earnest money for a home purchase. The sponsoring broker of the listing agent misappropriated the funds. After exhausting other remedies, the consumer applies to the Texas Real Estate Recovery Trust Account. What is the maximum amount the consumer can recover from the Trust Account for this single transaction?