What does the Texas Real Estate Commission's authority encompass?

The Texas Real Estate Commission (TREC) is primarily responsible for regulating real estate practices within the state of Texas. This authority encompasses rule-making and enforcement regarding the licensing and conduct of real estate professionals, including agents and brokers. TREC establishes the rules and standards that govern real estate transactions, ensuring that they are conducted in a fair and transparent manner.

The focus of TREC's authority is strictly at the state level, which means that its regulations do not extend beyond Texas. This framework helps protect consumers and maintain professionalism within the industry. By regulating agents and real estate practices, TREC ensures that individuals operating within that field adhere to the relevant legal and ethical standards prescribed by Texas law.

Other options refer to broader federal roles or responsibilities that are outside the realm of TREC's jurisdiction. The commission does not have authority over federal real estate laws, nor does it provide funding for housing projects or set policies for all real estate agents on a national level. Each of these functions falls under different governmental or organizational bodies, underscoring TREC's specific and localized regulatory role.