TREC or Texas Property Commission could be a government body which was produced in 1949 to deal with four specific laws and regulations and rules and rules for example property license act, property inspector act, residential company act and Texas timeshare act.
TREC regulates activities of realtors, salespeople, inspectors, residential service companies, timeshare developers and education providers legitimate estate and inspection courses. Primary cause of TREC should be to safeguard legal legal legal legal rights of citizens of Texas and supply them honest, reliable and competent property service. The commission reviews programs coping with education providers legitimate estate and inspection courses. It attempts to identify and regulate errors and downsides present in it.
TREC helps it be mandatory for realtors and salespersons to keep specified amounts of education to be able to contain the best license to operate just like a realtor. Provisions of property license act and rules of Texas property commission are binding on all realtors and professionals to be able to provide customers obtaining a reliable and honest service. TREC also gives licenses to property inspectors, agents, residential service companies and property schools. This commission also does registration of timeshare characteristics.
Texas Property Commission has statutory relations with three condition entities namely, property center at Texas A&M College, Texas department of savings and mortgage lending and Texas appraiser licensing and certification board. The commission has partnership with Texas A&M University’s property center for performing research having a couple of education projects. In addition, it appoints a few to large financial company advisory committee of Department of savings and mortgage lending. Issues associated with property licensees and lenders are resolved by cooperating by using this agency. Commission offers signed a memorandum of understanding with Texas appraiser licensing and certification board it provides administrative support on their own account, which meets the application from the governing physiques.
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