Final answer:
TRELA offers a comprehensive framework for real estate professionals in Texas, including licensing, commission powers, educational requirements, practice standards, and penalties for non-compliance.
Step-by-step explanation:
The Texas Real Estate License Act (TRELA) contains various provisions, which establish a legal framework for the conduct of real estate professionals in Texas.
The number of basic provisions in TRELA can change with legislative amendments, so it is important for real estate practitioners and those studying real estate law to be acquainted with the most current statute content.
Generally, TRELA includes provisions related to licensing requirements, the powers and duties of the Texas Real Estate Commission (TREC), educational requirements, standards of practice, renewal and maintenance of a license, disciplinary action, and other aspects of real estate practice regulation.