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10 Cards in this Set

  • Front
  • Back
What year was TREC created?
1949
Why was TREC created?
to administer the provisions of the License Act (TRELA)
What is TREC's authority?
to make rules and regulations
What can TREC advise?
can advise with reference to its rules and the laws that govern licensees
Who makes up the TREC board?
It has 9 commission members. 3 members of the general public and 6 are real estate brokers. Appointed by the governor and approved by the senate.
How long do members serve on the TREC board?
6 years
What are TREC's subpoena powers?
TREC has the power to subpoena books, records, and witnesses.
What if a licensee fails to respond to a subpoena?
TREC can file suit with the AG to enforce the subpoena
Who issues or revokes Real Estate Licenses?
TREC
Where do hearings held by TREC occur?
a hearing for the revocation or suspension is held at TREC in Austin unless a licensee requests the hearing be held in his county