What is one of the purposes of the Texas Real Estate License Act?

The Texas Real Estate License Act serves multiple purposes, primarily aimed at regulating various aspects of the real estate industry to ensure fairness, professionalism, and protection for consumers involved in real estate transactions. One of its key objectives is the regulation of real estate brokers, which includes not just brokers but also sales agents who operate under licensed brokers. Furthermore, the Act encompasses the regulation of residential service companies and real estate inspectors, overseeing operations to maintain industry standards and consumer protections.

This comprehensive approach allows for a well-rounded regulatory framework that addresses numerous facets of the real estate market, contributing to the overall integrity of real estate practices in Texas. As such, selecting an answer that acknowledges the Act’s oversight of brokers, inspectors, and service companies accurately reflects its multifaceted purpose.