Who governs the Texas Real Estate Commission?

Who does the Texas Real Estate Commission regulate?

TREC enforces the laws and rules which govern sales agents and brokers. If you have issues or concerns with the broker or sales agent assisting you, or if you feel you are not being represented fairly, you can file a complaint with TREC.

Is trec a government agency?

The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate.

What is the main function of the Texas Real Estate Commission?

The purpose of the Texas Real Estate Commission is to protect the public through regulation of licensed real estate brokerage practitioners, real estate inspectors, residential service companies, and entities offering timeshare interests.

How much money does a real estate agent make in Texas?

How Much do Texas Real Estate Agents Make on Average? According to the U.S. Bureau of Labor Statistics, the annual mean wage of real estate agents in Texas is a respectable $72,830 (as of May 2019).

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How hard is Texas real estate exam?

Is the Texas real estate exam hard? Well, given that only 57.09% of agents pass the licensing exam on the first try, it’s safe to say it’s not an easy test. Aceable Real Estate School, however, currently holds one of the highest pass rates in Texas.

Is Texas A dual agency State?

No. Texas law does not permit dual agency. A license holder may not represent both principals as a dual agent under the revisions to TRELA. Under the current law, a broker must agree to act as an intermediary in accordance with the statute if the broker agrees to represent more than one party in a transaction.

Are open listings allowed in Texas?

Open listings are not accepted except where required by law because the inherent nature of an open listing is such as to usually not include the authority to cooperate and compensate other brokers and inherently provides a disincentive for cooperation.

What are the six courses that are required to get a real estate license in Texas referred to as?

You must take and pass 180 hours of Pre-Licensing education from an approved education provider. These 180 hours consist of the following six 30-hour courses: Principles of Real Estate I, Principles of Real Estate II, Law of Agency, Law of Contracts, Promulgated Contract Forms, and Real Estate Finance.