Asked by: Petras Peterhanslasked in category: General Last Updated: 2nd May, 2020
What is Trela in real estate?
Also question is, what is the purpose of Trela?
The purpose of TRELA is to safeguard the public interest and protect consumers of real estate services. In accord with state and federal laws, the agency oversees real estate brokerage, appraisal, inspection, home warranty and timeshare interest providers.
One may also ask, what is the main purpose of the Texas Real Estate License Act? Represents a principal through cooperation with and the consent of a broker representing the principal. Is not sponsored by or associated with the principal's broker. The Texas Real Estate License Act purpose is: to protect the public from against unscrupulous brokers and sales persons.
Also question is, what is the Texas Real Estate License Act?
The Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders. The Texas Real Estate Commission (TREC), on the other hand, enforces the provisions of TRELA. The Texas legislature created TREC in 1949 (10 years after the creation of TRELA) for that purpose.
When was the Texas Real Estate License Act originally passed?