Final answer:
Section 1101.806 of TRELA requires real estate license holders to receive compensation through supplemental pay, insurance, health benefits, retirement and savings, defined benefit, or defined contribution. This ensures that license holders are fairly compensated and provided with essential benefits.
Step-by-step explanation:
Section 1101.806 of the Texas Real Estate License Act (TRELA) requires that real estate license holders be compensated in a specific manner. In order to fulfill this requirement, license holders must receive compensation through either supplemental pay, insurance, health benefits, retirement and savings, defined benefit plans, or defined contribution plans.
Supplemental pay refers to additional compensation beyond the base salary, such as commissions or bonuses. Insurance and health benefits should be provided as part of the compensation package, ensuring that license holders have access to necessary medical care.
Furthermore, license holders should have options for retirement and savings plans, such as defined benefit (pension) plans or defined contribution (401k) plans. By offering these types of plans, license holders can save for their future and ensure financial stability after retirement.