Tx law-18 - unit 2

2. TRELA – Basic Provisions

3. Real Estate Brokers and Sales Agents (OCC §1101)
 Subchapter A - The Real Estate License Act
› Definitions
› Real Estate Brokerage
› When is a License Required?
› When is a License Not Required?
› The Sunset Act
 Subchapters B-E – The Commission
› Subchapter B - Texas Real Estate Commission
› Subchapter C - Organizational Structure of TREC
› Subchapter D - Commission’s Powers and Duties
› Subchapter E – Complaint Procedures

4. Real Estate Brokers and Sales Agents (OCC §1101)
 Subchapter F - Texas Real Estate Broker-Lawyer Committee
 Subchapter G - TREC Approved Schools and Courses of Study
› Proprietary School Approval
› CE Provider Approval
› Instructor Approval
› Course Approval
 Subchapter H – License Requirements
› Types of Licenses
› Steps in Getting a Texas Real Estate License
 Subchapter I - Real Estate License Examination
› Registering for the Examination
› Description of the Examinations
› Content Outline of the Examination
› Reporting the Scores

5. Real Estate Brokers and Sales Agents (OCC §1101)
 Subchapter J - Renewing a Real Estate License
› SAE Requirement
› Sales Agent Continuing Education
› Broker Continuing Education
 Subchapter K – Certificate Requirements for Right-of-Way
Agents
 Subchapter L – Practice by a License Holder
› Broker Must Maintain an Office
› Display Residential Rental Locator License
› Custody of Sales Agent Licenses
› Notice To Buyer Regarding Abstract Or Title Policy.
› Disclosures Relating To Certain Occupants
› Representation Disclosure
› Broker Acting As Intermediary

6. Real Estate Brokers and Sales Agents (OCC §1101)
 Subchapter M - Real Estate Recovery Trust Account
› Real Estate Recovery Trust Account Notice
› Claim for Payment
› Payment Amounts
› Suspend or Revoke a License
 Subchapter N – Prohibited Practices and Disciplinary
Proceedings
› Subchapter N - Violations
› Subchapter N - Enforcing The Real Estate License Act
 Subchapter O - Administrative Penalties
 Subchapter P - Other Penalties and Enforcement Provisions
 Subchapter Q - General Provisions Relating To Liability Issues