| Following the jury verdict in favor of the defendants, the plaintiffs appealed, arguing that defendants were not entitled to a jury trial under the Consumer Fraud and Deceptive Business Practices Act (Consumer Fraud Act), the Residential Real Property Disclosure Act (Disclosure Act), or the Real Estate License Act of 2000 (License Act). The Texas Real Estate Act (TRELA) is crucial to your practice as a Texas real estate agent, as it ensures that high standards of ethics and practice are maintained in the real estate industry. You’ll need to know TRELA in and out, first for the licensing exam and then for your work in the industry afterward! Show
The Purpose of TRELAThe state legislature of Texas passed the Texas Real Estate License Act to protect the public from brokers and sales agents who are dishonest. TRELA also:
The more a license holder, whether a sales agent or broker, understands about TRELA, the less they have to worry about when it comes to keeping their license active. The History of TRELAIn 1939, the Texas Legislature passed the Real Estate Dealers License Act to govern the licensing and practice of real estate in Texas. It eventually took on the name Texas Real Estate License Act. Today, the Texas Real Estate License Act is part of Chapters 1101 of the Texas Occupations Code, and regulates real estate brokers and salespersons. In case you’re curious, Chapter 1102 pertains to real estate inspectors. TRELA and TRECThe Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders. The Texas Real Estate Commission (TREC), on the other hand, enforces the provisions of TRELA. 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. TRELA and TREC go hand in hand! The Basic Provisions of TRELAThere’s a lot in TRELA, but here are some of the general things it covers:
As you can see, TRELA regulates pretty much every aspect of your real estate practice! Want to Know More?That’s a wrap on TRELA. Want to know exactly what TRELA says about educational requirements to get your license? Check out this blog post! Leanna PetronellaLeanna Petronella is a real estate content writer at Aceable. When she isn't creating the pre-licensing education courses for AceableAgent, you can find her educating readers with real estate knowledge in publications. She is an author and former college instructor who has published her creative writing widely. 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. The History and Purpose of TRELATRELA was originally passed in 1939 as the Real Estate Dealers License Act. In 1955, it was renamed the Texas Real Estate License Act. The original law set up a licensing system for people who broker the sale of real estate. By defining who has the legal authority to perform certain actions in the real estate market, Texas was able to protect the public by enforcing a certain level of competence and ethics. Real estate license laws were administered by the Texas secretary of state for the first ten years. In 1949, the Texas Real Estate Commission (TREC) was created to administer and enforce TRELA. Over time, TREC became responsible for regulating real estate professionals beyond salespersons and brokers, including inspectors, education providers, timeshare developers, and more. 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It defines what activities require a real estate license in Texas and which activities are reserved for Brokers. TRELA lays out the minimum requirements for obtaining a Texas real estate license. It also sets expiration and renewal terms to make it easier to hold licensees to updating standards. The act establishes a code of ethics and standard of conduct for the behavior of real estate salespersons and brokers, regarding both their treatment of consumers and competition. It establishes disciplinary proceedings, penalties, and civil or criminal liability. It creates processes for filing a complaint against a license holder. TRELA also requires real estate licensees to use standard contract forms that are drafted and revised by the Texas Real Estate Broker-Lawyer Committee, in order to make the terms of real estate transactions more consistent. Finally, the Texas Real Estate Act establishes the rules for the membership and appointment of both TREC and the Real Estate Broker-Lawyer Committee, as well as the rules by which both committees operate. Does TRELA Contain All the Rules for Texas Salespersons and Brokers?No, because TRELA empowers the Texas Real Estate Commission to create administrative rules, as well. Some of TREC's rules add specificity to TRELA's provisions, and some create related policies. Additionally, there are federal regulations that affect the conduct of all U.S. real estate agents, like the U.S. Fair Housing Act. Your county or municipal jurisdiction may have other rules. How Do You Learn More About TRELA's Provisions?Required education about TRELA is actually built into TRELA's criteria. It's easy to forget TRELA is behind much of your real estate education. In many cases, your coursework won't specify whether a particular rule comes from TRELA or TREC or somewhere else – the source matters less than knowing the rules themselves. Still, as you sit down for Texas pre-license courses, SAE courses, or continuing education, you'll be studying the Texas Real Estate License Act, whether you realize it or not. What is Chapter 1101 of the Texas Occupations Code?OCCUPATIONS CODE CHAPTER 1101. REAL ESTATE BROKERS AND SALES AGENTS.
What is Texas real estate license Act?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 was the name of the first licensing Act in Texas?The History of TRELA
In 1939, the Texas Legislature passed the Real Estate Dealers License Act to govern the licensing and practice of real estate in Texas.
What law empowers the Texas Real Estate Commission TREC to create rules and regulations for real estate license holders?What law empowers the Texas Real Estate Commission (TREC) to create rules and regulations for real estate license holders? The answer is The Real Estate License Act.
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