What chapters does the Real Estate License Act (TRELA) encompass?

The Real Estate License Act (TRELA) encompasses Chapters 1101 and 1102 of the Texas Occupations Code. These chapters outline the licensing requirements for real estate professionals in Texas, the powers and responsibilities of the Texas Real Estate Commission (TREC), and the regulations governing real estate transactions.

Chapter 1101 specifically details the administration of the licensing process, including the qualifications for obtaining a real estate license and the various license types available. Meanwhile, Chapter 1102 addresses the rules surrounding real estate brokerage, including the duties of license holders, the ethical standards expected, and the handling of client funds.

Understanding these chapters is essential for anyone looking to practice as a licensed real estate agent in Texas, as they form the legal foundation for the profession in the state. Knowledge of TRELA is vital to ensure compliance with regulatory standards and to uphold professional integrity in real estate transactions.