Texas License Law
Texas Occupations Code § 1101.155 grants TREC the authority to:
ASet real estate commission rates
BPromulgate contract forms for use by Texas licensees in applicable transactions✓ Correct
CDetermine property values for tax purposes
DLicense mortgage loan originators
Explanation
Texas Occupations Code § 1101.155 specifically authorizes TREC to promulgate contract forms that licensees must use in applicable real estate transactions. This is the legal basis for the mandatory use of TREC-promulgated forms.
Related Texas Texas License Law Questions
- Texas TREC's enforcement division investigates complaints. Upon completing an investigation, TREC may take which of the following actions?
- Under TREC rules, a sales agent who receives an earnest money check must deliver it to their sponsoring broker within:
- A Texas real estate license may be placed on inactive status. While on inactive status, the licensee:
- Under TREC Rule 535.2, a Texas broker must maintain a positive physical or electronic presence in all transactions to ensure:
- Which of the following individuals is EXEMPT from Texas real estate licensing requirements?
- A Texas sales agent who advertises a property must include in the advertisement:
- When a Texas sales agent's sponsoring broker dies or has their license revoked, the sales agent's license automatically becomes:
- Under Texas Occupations Code § 1101.652, the following conduct subjects a Texas licensee to disciplinary action by TREC EXCEPT:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →