TRELA – Basic Provisions
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
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
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
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

Tx law-18 - unit 2

  • 2.
    TRELA – BasicProvisions
  • 3.
    Real Estate Brokersand 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 Brokersand 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 Brokersand 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 Brokersand 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