What was the name of the first law regulating real estate brokerage in Texas?

What was the name of the first law regulating real estate brokerage in Texas which was originally passed in 1939?

Texas Real Estate Commission.In 1939 the legislature passed the Real Estate Dealer’s License Act, which required real estate agents to obtain licenses.

What law established the Texas Real Estate Commission?

xas Legislature established the Texas Real Estate Commission (TREC) in1949 to safeguard consumers in matters of real property transactions and valuation services.

What was the name of the Texas law that preceded the Real Estate License Act Trela )?

What was the name of the Texas law that preceded The Real Estate License Act (TRELA)? The answer is Real Estate Dealer’s Act. The Texas State Legislature first began regulating practitioners in 1939 with the passage of the Real Estate Dealer’s Act.

When were real estate agents first licensed in Texas?

TRELA is enforced by TREC (Texas Real Estate Commission)What was the name of the first Texas Real Estate Act, originally passed in 1939? TEXAS PROPERTY COMMISSION. In 1939, the legislature passed the Real Estate Agents Act, which required real estate agents to acquire licenses.

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What is Texas real estate license Act?

The Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders. … The Texas legislature created TREC in 1949 (10 years after the creation of TRELA) for that purpose. Think of it this way: TRELA is the law, and TREC is the enforcer of that law.

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.

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.

What is Trela in real estate?

The Texas Real Estate Act (TRELA) is state legislation that sets standards for how real estate agents conduct themselves in Texas. It resides in Title 7 Chapter 1101 of the Texas Occupations Code.

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.

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