Which of the following is the correct composition of the Texas Real Estate Commission?

Which of the following is the correct composition of the Texas Real Estate Commission?

The Texas Real Estate Commission is composed of nine members appointed by the Governor for six-year terms. Six members must be licensed real estate brokers. Three members must be members of the general public who are not regulated by the Commission.

What does the Texas Real Estate Commission regulate?

The agency provides licensing, education, and complaint investigation services, as well as regulation and enforcement of state laws and requirements that govern each of these areas of service to consumers in Texas.

How many members of the Texas Real Estate Broker lawyer Committee are appointed by TREC?

six members
The Texas Real Estate Broker-Lawyer Committee drafts and revises all contracts promulgated by TREC. It consists of six members appointed by the Commission, six members appointed by the State Bar of Texas, and one public member appointed by the Governor’s Office.

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

TestNew stuff! What is a main function of the Texas Real Estate Commission? Feedback: TREC’s primary function is to protect the public from unscrupulous or illegal acts of real estate professionals by enforcing the laws of Chapters 1101 and 1102 of the occupations code and adopt new rules as necessary.

Which of the following is the correct composition of the Texas Real Estate Commission quizlet?

six brokers, six lawyers, and one member of the general public. The committee is composed of six Real Estate Commission appointees (who are licensed real estate brokers); six lawyers, appointed by the president of the State Bar of Texas; and one public member, appointed by the governor.

What is one of the purposes of the Texas Real Estate License Act quizlet?

The Texas Real Estate License Act purpose is: to protect the public from against unscrupulous brokers and sales persons.

What does the Texas real estate broker-lawyer committee oversees?

The Broker-Lawyer Committee drafts and revises all contracts promulgated by TREC. It consists of six members appointed by the Commission, six members appointed by the State Bar of Texas, and one public member appointed by the Governor’s Office.

For what purpose was the Texas real estate broker-lawyer committee created for?

The Texas Real Estate Broker-Lawyer Committee was created in 1983. It drafts and revises contract forms for use by real estate licensees. The purpose is to expedite real estate transactions and reduce controversies while protecting the interests of the parties involved.

What are the primary objectives of the Texas license law?

Protect the public, minimum standards for licensing,maintain high standards, protect licensees from unfair competition.

How is the Texas real estate commission made up?

The Texas Real Estate Commission is composed of nine members appointed by the Governor for six-year terms. Six members must be licensed real estate brokers. Three members must be members of the general public who are not regulated by the Commission.

What does the Texas real estate association do?

Each legislative session, the association helps update and modernize consumer-protection standards and the Texas Real Estate License Act, which allows for a more efficient system. In 2018, the Texas Real Estate Commission underwent review by the Texas Sunset Commission.

What does TREC stand for in Texas real estate?

Updates to Texas Inspector Standards of Practice and Inspection Report FormThe Texas Real Estate Commission recently adopted changes to the real estate ins . . . Broker-Lawyer Committee Appointments AnnouncedThe Texas Real Estate Commission (TREC) is pleased to announce the appointment o . . .

How much Commission do real estate agents get paid?

This commission is usually 6% of the paying price and is given once the deal has been closed and the payment, whether they be in full or partial, has been given by the buyer. It’s not directly given to the agents but instead passes through the brokers they work for.