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