All 50 states have licensing laws that regulate persons and companies that engage in the brokerage business. Interpreting and enforcing state licensing laws falls under the responsibilities of which of the following parties?

a. Secretary of state

b. Texas Real Estate Commission

c. National Association of Realtors

d. Railroad Commission

Question

Charity Henderson

Business

1 May, 17:45

All 50 states have licensing laws that regulate persons and companies that engage in the brokerage business. Interpreting and enforcing state licensing laws falls under the responsibilities of which of the following parties?

a. Secretary of state

b. Texas Real Estate Commission

c. National Association of Realtors

d. Railroad Commission

+2

Answers (2)

Know the Answer?

Heidy Bates · Answer 1

B. Texas real estate commission

Explanation:

The Texas real estate commission is a government agency based in Texas. They are responsible for overseeing the licensing of real estate brokers and agents. They are responsible for governing the practices of real estate in Texas. They regulate organizations and individuals that in brokerage businesses. They interprete and enforce the licensing laws of real estate in Texas. They safeguard consumers/costumers in matters of real estate transactions.

Summer Case · Answer 2

Real Estate Commissions

Explanation:

Every state has their own real estate commission and commissioner that regulates and licences real estate individual brokers and companies. There is an error in option B because the Texas Real Estate Commission is only in charge of regulating real estate activity within Texas, it has absolutely no power in other jurisdictions. Even Washington DC has its own real estate commission, so there are 50 other commissions and commissioners in the country.