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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More Trela Trec Rules Questions
Under TREC rules, a license holder advertises a 'free market analysis' for homeowners considering selling. The analysis is genuinely free with no strings attached. Under TREC rules, must this advertisement include the broker's name?
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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, a license holder who has been convicted of a felony or certain misdemeanors may be subject to disciplinary action. Which of the following is an accurate statement about this provision?
- → Under TREC rules, how many hours of continuing education (CE) must a Texas real estate license holder complete during each 2-year renewal cycle?
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- → 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?
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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?
