What is the Texas Real Estate Commission?

The United States is proud of its free market principles. It claims that it believes in free trade, easy investment, and minimal, if any, regulation. While these principles are to a large extent true, in reality the United States knows that it cannot have a completely free market. As a result, there are many bodies whose purpose is to regulate business activities. For example, the Securities and Exchange Commission monitors and regulates stock trading.

Another business area that gets regulated is real estate. Texas, in fact, has its very own body, called the Texas Real Estate Commission, which regulates real estate. As its website notes, the Texas Real Estate Commission regulates:

• Real estate salespeople, brokers, and inspectors
• Timeshare developers
• Residential service companies
• Entities that provide real estate education and inspection
• Right-of-way or easement agents

Notably, the Texas Real Estate Commission does not regulate real estate developer, home builders, mortgage brokers, property tax consultants, title insurance companies, or auctioneers. As the Commission website notes, it sole purpose is to "protect and serve the citizens of Texas."

Indeed, the Texas Real Estate Commission does do important work. By providing the regulatory services that it does, it helps ensure that much of the real estate industry works ethically. If there were no regulation, problems like fraud, theft, and malpractice would occur much more than they do now.

Learn more about Texas Mortgage Loans

For more information on the Texas Real Estate Commission and on real estate finance in Texas, contact Texas Mortgage Loans.