Quick Answer: What does trec stand for in real estate?

The Texas Real Estate Commission (TREC) was established in 1949 by the Texas legislature as a protection for consumers engaged in all matters related to real property transactions and valuation services.

What does trec mean?

TEEC

Acronym Definition
TEEC Tsinghua Executive Entrepreneur Club (China)
TEEC Trans Electronic Equipment Consult GmbH (Oberursel, Germany)
TEEC Tinaroo Environmental Education Centre (Tinaroo, Queensland, Australia)
TEEC Technical Excellence Executive Committee (US Department of Energy)

What are trec qualifications?

Qualifications

  • Citizen of the United States or lawfully admitted alien. A DACA recipient does not qualify as a lawfully admitted alien.
  • 18 years of age or older.
  • Meet TREC’s qualifications for honesty, trustworthiness, and integrity. Consider requesting a Fitness Determination before applying for the license.

How long does it take to get approved by TREC?

Submit your application online or using a printable form to the Florida DBPR. It takes about 10 days to get your application approval.

Who runs trec?

The Governor designates a member to serve as the Chair of the Commission. Currently, the Chair is Scott Kesner.

How far back does trec go?

Residential information going back 7-10 years. Felony, misdemeanor, and sex crime convictions from a certain period. Court records and arrests, including decrees, docket numbers, judgements, and orders.

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Does trec do background checks?

All license applicants must meet TREC’s qualifications for “honesty, trustworthiness, and integrity”. TREC performs a background check to verify that you meet their requirements.

How much does it cost to become a real estate agent?

As a real estate agent, you’ll be required to be licensed by the state in which you plan to practice, and you can expect to shell out around $2,000 over the course of becoming licensed.

Who protects TREC?

The TREC enforcement team members carry out the Commission’s mission to protect consumers by enforcing The Real Estate License Act, Rules of the Commission, Chapter 1102 of the Texas Occupations Code regarding Real Estate Inspectors, and the Texas Timeshare Act.

Is TREC a regulatory agency?

TREC is the state’s regulatory agency for the following: Real Estate Brokers and Salespersons.

Does TREC regulate appraisers?

TREC regulates: real estate brokers and salespersons; • real estate inspectors; • real estate appraisers; education providers for real estate, home inspection and appraisal courses; … Only appraisers licensed or certified under a compliant state program may appraise real property in connection with FRTs.