Which state body is responsible for periodically evaluating TREC to determine whether the agency should be continued, restructured, or abolished?
Correct Answer
D) The Texas Sunset Advisory Commission, which conducts periodic reviews of state agencies under the Texas Sunset Act
Under the Texas Sunset Act (Government Code Chapter 325), the Sunset Advisory Commission conducts periodic reviews of state agencies, including TREC, to assess whether each agency should be continued, modified, or abolished. The legislature sets the review schedule for each agency; TREC has been subject to this process and must be reauthorized by the legislature following each review or it ceases to exist.
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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?
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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?
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Under the Texas Real Estate License Act, which entity has the statutory authority to hire TREC's administrator (executive director)?
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A license holder representing a seller discovers during the listing period that the property has a significant foundation defect. The seller instructs the license holder not to mention it to buyers. Under TREC's Canons of Professional Ethics, how should the license holder proceed?