Texas Real Estate Commission
Encyclopedia
The Texas Real Estate Commission (TREC) is the state agency that governs real estate
practices in the state of Texas
. The agency is headquartered at 1101 Camino La Costa in Austin
.
TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate
. The members are appointed for six year terms, with the terms of three members expiring every two years.
Six members must be licensed real estate broker
s who have been engaged in the real estate brokerage business as their major occupations for at least five years preceding their appointments. Three members must be members of the general public who are not regulated by the Commission or employed by organizations regulated by or receiving funds from the Commission.
TREC is the state's regulatory agency for the following:
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
practices in the state of Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. The agency is headquartered at 1101 Camino La Costa in Austin
Austin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
.
TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate
Texas Senate
The Texas Senate is the upper house of the Texas Legislature. There are 31 members of the Senate, representing 31 single-member districts across the state with populations of approximately 672,000 per constituency. There are no term limits, and each term is four years long. The Senate meets at the...
. The members are appointed for six year terms, with the terms of three members expiring every two years.
Six members must be licensed real estate broker
Real estate broker
A real estate broker, real estate agent or realtor is a party who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy...
s who have been engaged in the real estate brokerage business as their major occupations for at least five years preceding their appointments. Three members must be members of the general public who are not regulated by the Commission or employed by organizations regulated by or receiving funds from the Commission.
TREC is the state's regulatory agency for the following:
- Real Estate Brokers and Salespersons
- Real Estate Inspectors
- Education Providers for Real Estate and Inspection Courses
- Residential Service Companies
- TimeshareTimeshareA timeshare is a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time in which they may use...
Developers - Easement Or Right-of-Way (ERW) agents