Which bodies are the principal governing authorities affecting the real estate industry in Texas?

The principal governing authorities affecting the real estate industry in Texas are the Texas State Legislature, the Texas Property Code, and the Texas Real Estate Commission (TREC).

The Texas State Legislature is responsible for creating and enacting laws that govern various aspects of real estate, including licensing requirements and regulations related to property transactions. The Texas Property Code serves as the statutory framework that outlines the legal structure managing property ownership, rights, leases, and relationships between landlords and tenants within the state. TREC is the regulatory body specifically tasked with overseeing real estate licensing and ensuring compliance with Texas real estate laws, thus directly impacting how the real estate industry operates.

By understanding the interaction between these three entities, real estate professionals can better navigate legal requirements and maintain compliance in their practices.