Texas Real Estate Commission TREC

Question 1

Who does TREC regulate?

Answer 1

Real Estate Inspectors - Easement/Right-of-Way Agents - Education Providers for Real Estate/Inspection Courses - Developers of Timeshares - Residential Service Companies - Real Estate Brokers/Salespersons

Question 2

What does TREC do?

Answer 2

TREC regulates educational and licensing programs to maintain standards of real estate profession and interprets legislation that affects the real estate profession.

Question 3

Texas Occupations Code is?

Answer 3

The collection of statues and laws that govern many occupations in Texas, including health professions, cosmetology, accounting, law enforcement, and real estate.

Question 4

Subchapter B of the Texas Real Estate License Act…

Answer 4

Sets fourth the guidelines for the composition of the TREC

Question 5

That which is laid down, ordained, or established; that which must be obeyed and followed by citizens, subject to sanctions or legal consequences.

Answer 5

Law

Question 6

That which is established by a profession as the professional standards of acre members of that profession must exercise in preforming their services to their constituents.

Answer 6

Ethics

Question 7

Standards of behavior that pertain to the character, conduct, intentions and relations of an individual. These standards are cognizable or enforceable only by the conscience or by the principals’ of “right conduct” as distinguished from positive law.

Answer 7

Morals

Question 8

What are the 4 primary goals of the TREC?

Answer 8

1) Make sure that license applicants meet legal requirements
2) To enforce laws and rules of the Commission
3) To maintain communication with the public and with licensees
4) To establish and implement policies that help to include underused businesses

Question 9

TREC have the authority to do what 7 things?

Answer 9

1) Create and enforce necessary rules
2) Conduct hearings
3) Issue disciplinary sanctions
4) Establish code of ethics and conduct for licensees
5) Issue subpoenas
6) Charge and collect relevant fees
7) Maintain a registry of certificate holders

Question 10

What 4 laws does TREC administer?

Answer 10

1) Real Estate License Act
2) Texas Occupations Code
3) Residential Service Company Act & Texas Property Code
4) Texas Timeshare Act

Question 11

This document is the collection of statues and laws that governs numerous occupations in Texas.

Answer 11

Texas Occupations Code

Question 12

This document sets forth the guidelines for the composition if the Texas Real Estate Commission, as well as its powers and duties.

Answer 12

Real Estate License Act

Question 13

This document list specific prohibited practices and violations.

Answer 13

Real Estate License Act

Question 14

This document provides interpretations of the statues set fourth in Real Estate
License Act.

Answer 14

Rules of the Texas Real Estate Commission

Question 15

This document gives TREC the authority to revoke or suspend an individual’s real estate license for being convicted of a felony or misdemeanor that relates to the real estate profession.

Answer 15

Texas Occupations Code