What power does the Texas Real Estate Commission (TREC) hold regarding real estate licenses?

The Texas Real Estate Commission (TREC) has the authority to issue or revoke real estate licenses, making it responsible for the regulation of real estate professionals in the state. This power is fundamental to the functioning of the real estate industry in Texas, as TREC ensures that individuals who engage in real estate transactions are qualified and adhere to established laws and ethical standards. By issuing licenses, TREC verifies that applicants have completed the necessary education and training, as well as passed the required examinations. Conversely, revoking licenses serves as a disciplinary measure for individuals who violate regulations or ethical guidelines, thereby protecting the public and maintaining the integrity of the profession. This regulatory function is essential for upholding the standards of the real estate market in Texas.

The other options reflect activities that, while related to real estate, fall outside the specific regulatory jurisdiction of TREC. Providing training, conducting property appraisals, and managing investments do not fall within TREC's mandate, which is primarily focused on licensing and regulation rather than offering training programs or other direct services in the real estate transaction process.