What is the name and year of the first legislation created to govern the real estate profession in Texas?

What is the name and year of the first legislation created to govern the real estate profession in Texas?

• A. TEXAS REAL ESTATE LICENSE ACT (TRELA) 1939
• B. TEXAS REAL ESTATE COMMISSION (TREC) 1949
• C. TEXAS REAL ESTATE LAW 1945
• D. TEXAS REAL ESTATE CODE 1950

Answer: (A)

Texas Real Estate License Act, enacted in 1939, was the first statute to govern the real estate profession in Texas. It created the licensing framework for brokers and salespeople, laid out who is eligible for a license, set renewal and education requirements, and established penalties for unlicensed practice. Importantly, it also created the Texas Real Estate Commission to administer and enforce the act, oversee licensing, and handle disciplinary matters. The other options refer to either the regulatory agency itself or different, later years, so they don’t represent the initial law that started the framework for real estate regulation in Texas.

Texas Real Estate License Act, enacted in 1939, was the first statute to govern the real estate profession in Texas. It created the licensing framework for brokers and salespeople, laid out who is eligible for a license, set renewal and education requirements, and established penalties for unlicensed practice. Importantly, it also created the Texas Real Estate Commission to administer and enforce the act, oversee licensing, and handle disciplinary matters. The other options refer to either the regulatory agency itself or different, later years, so they don’t represent the initial law that started the framework for real estate regulation in Texas.