Final answer:
Chapter 1101 of the Texas Occupations Code is the Real Estate License Act, which establishes regulations for real estate brokers and sales agents in Texas.
Step-by-step explanation:
Chapter 1101 of the Texas Occupations Code is known as the Real Estate License Act. This chapter provides the legal framework for the licensing and regulation of real estate brokers and sales agents within the state of Texas. It outlines the requirements for obtaining a license, the scope of activities permitted with that license, as well as the disciplinary proceedings and penalties for misconduct.
For individuals interested in pursuing a career in real estate in Texas, understanding the Real Estate License Act is crucial, as it governs professional conduct and establishes standards for ethical practice. The Texas Real Estate Commission (TREC) is the regulatory body responsible for enforcing the provisions of this chapter, and it serves as a resource for both professionals and consumers in the real estate market.