Final answer:
The Texas Real Estate Dealers Act, passed in 1929, was indeed the first law to regulate real estate brokerage in Texas.
Step-by-step explanation:
The statement that the first law to regulate real estate brokerage in Texas, the Texas Real Estate Dealers Act, was passed in 1929 is True. Real estate law is an area that has seen various legislative changes to ensure proper conduct and regulation within the industry. One of the earliest forms of regulation of business on a federal level was the Sherman Antitrust Act of 1890, which marked a significant shift in how business practices could be conducted to promote fair competition. However, the Texas Real Estate Dealers Act focused on the specific regulation of real estate brokerage, establishing guidelines and requirements for individuals and companies operating in the real estate market in Texas.