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Texas · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 TexasThe Texas Real Estate Commission (TREC) administers and enforces the Real Estate License Act, investigating complaints and disciplining license holders who violate it. Available sanctions include reprimand, administrative penalties, and suspension or revocation of a license. When a consumer obtains an unsatisfied court judgment against a licensee for certain wrongful acts, the Real Estate Recovery Trust Account may pay the eligible claim. A licensee whose conduct results in a payment from that account can have the license suspended until the paid amount is reimbursed.
Yes. State License Law is a scored domain on the Texas real estate licensing exam, and this topic appears in the state license-law portion.
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Texas applies its own license law on top of the national portion. This page covers the Texas rules specifically, which is what the state section of your exam tests.