What Is The Main Purpose Of The 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. To protect the public from against unscrupulous brokers and sales persons.
TRELA was originally passed in 1939 as the Real Estate Dealers License Act. What are thepurposes of TRELATexas Real Estate License Act. They are money or other things of value that are received by a broker or salesperson on behalf of an individual usually the buyer that is held for the benefit of others.
The Texas Real Estate Commission regulates real estate salespersons and brokers real estate inspectors residential service companies timeshare entities real estate education providers and easement or right-of-way agents.
Set fair guidelines for commission splitting between brokers and their. It resides in Title 7 Chapter 1101 of the Texas Occupations Code. Settle disputes between salespeople and brokers D. Presently the act is found in Chapter 1101 of the Texas Occupa-tions Code.