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http://www.trec.state.tx.us/mission.asp
The mission of the Texas Real Estate Commission is to assist and protect consumers of real estate services, thereby fostering economic growth in Texas. Through its programs of education, licensing and industry regulation, the Commission ensures the availability of capable and honest real estate service providers.

The 2006 real estate market reports for the state's 25 Metropolitan Statistical Areas (MSAs) are now available. The reports cover census data, employment and unemployment, major industries, business climate, education, transportation and infrastructure issues, growth patterns and much more. Best of all, they are available from the Center's website for free.

The law creating the Real Estate Center in 1971 also established an advisory committee. The Real Estate Center Advisory Committee is comprised of nine members appointed by the governor. Six are real estate brokers licensed for at least five years. The brokers represent finance, improvements, residential properties, commercial properties and industrial properties. The other three members represent the public.

This guide divides the home-buying process into eight steps. Even though the steps are presented as they normally occur, certain steps may not be relevant to your situation, so feel free to jump around. This information is not a substitute for the professional advice of a real estate agent or attorney, but it should help you make better decisions. The period between loan approval and closing is critical. A number of important tasks must be completed by the seller and buyer. As a buyer, your main responsibility is to ensure that the property is in good condition and meets your requirements. You will also need certain types of insurance to protect your interests.

TREC exists to protect and serve the citizens of Texas. The Commission's programs of education, licensing and industry regulation ensure that real estate service providers are honest, trustworthy and competent. TREC requires that all real estate brokers and salespersons meet and maintain specified levels of education to hold a license to act as a real estate agent. Agents are required to follow the provisions of The Real Estate License Act and the Rules of the Texas Real Estate Commission in all transactions and to deal with the public in a competent and honest manner. The Commission also licenses real estate inspectors, residential service companies, real estate schools and registers timeshare properties.

TREC has a statutory relationship with three state entities:
- the Commission partners with the Real Estate Center at Texas A&M University on research and education projects;
- it appoints two members to the Mortgage Broker Advisory Committee of the Texas Department of Savings and Mortgage Lending and cooperates with that agency on issues affecting real estate licensees and mortgage brokers;
- TREC provides administrative support to the Texas Appraiser Licensing & Certification Board (TALCB) under a memorandum of understanding approved by their governing boards.

When a complaint is received by the Commission, the Enforcement Division reviews the complaint to determine if there is a possible violation of the Real Estate License Act. The complainant is notified by mail that the complaint was received. If an investigation will be opened, the person against whom the complaint is filed will receive a copy of the complaint. An investigator will contact the complainant to discuss the transaction that led to the complaint. The investigator will also speak with the person against whom the complaint was filed. After the investigation is concluded, the information obtained is reviewed to determine if there is sufficient evidence for disciplinary action. Disciplinary action could result in a reprimand, suspension, or revocation of a license, as well as an administrative penalty of up to $1,000 per violation.