| TREC or Texas Real Estate Commission is a | | | | in order to provide customers with a competent and |
| government body that was created in 1949 to | | | | honest service. TREC also gives licenses to real |
| administer four specific laws such as real estate | | | | estate inspectors, agents, residential service |
| license act, real estate inspector act, residential | | | | companies and real estate schools. This commission |
| service company act and Texas timeshare act.TREC | | | | also does registration of timeshare properties.Texas |
| regulates activities of real estate brokers, | | | | Real Estate Commission has statutory relations with |
| salespeople, inspectors, residential service companies, | | | | three state entities namely, real estate center at |
| timeshare developers and education providers for real | | | | Texas A&M University, Texas department of savings |
| estate and inspection courses. Main purpose of TREC | | | | and mortgage lending and Texas appraiser licensing |
| is to protect legal rights of citizens of Texas and | | | | and certification board. The commission has |
| provide them with honest, trustworthy and | | | | partnership with Texas A&M University's real estate |
| competent real estate service. The commission | | | | center for conducting research along with some |
| reviews programs dealing with education providers | | | | education projects. It also appoints two members to |
| for real estate and inspection courses. It tries to | | | | mortgage broker advisory committee of Department |
| identify and regulate errors and drawbacks present in | | | | of savings and mortgage lending. Issues relating to |
| it.TREC has made it mandatory for real estate | | | | real estate licensees and mortgage brokers are |
| brokers and salespersons to maintain specified levels | | | | resolved by cooperating with this agency. Commission |
| of education in order to hold a valid license to work | | | | also has signed a memorandum of understanding with |
| as a real estate agent. Provisions of real estate | | | | Texas appraiser licensing and certification board under |
| license act and rules of Texas real estate commission | | | | which it provides administrative support to them, |
| are binding on all real estate agents and professionals | | | | which is approved by their governing bodies. |