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12 S. Tex. L.J. 269 (1970-1971)
The Real Estate License Act - Synopsis, Elaboration and Comments

handle is hein.journals/stexlr12 and id is 277 raw text is: THE REAL ESTATE LICENSE ACT- SYNOPSIS, ELABORATION AND COMMENTS By ARTHUR R. AMDUR* I. INTRODUCTION Property and law are born together, and die together.. Before laws were made there was no property; take away laws, and property ceases.** In comparatively recent years, the quasi-legal field of real estate sales has blossomed to assist in the transfer of property. With the evolution of the real estate business, an entirely new branch of the legal tree has sprouted before our eyes with its purpose to regulate the real estate agent. As mobility, affluence and population increase, greater quanti- ties of land are being exchanged through the intermediary known as the real estate agent. So much land has been exchanged through the agent that approximately 50,067 individuals have obtained real estate licenses. Inclusive within this figure are 26,091 licensed brokers and 23,976 salesmen. Additionally, there are roughly 1,634 branch office licenses.' As the real estate business increases, more problems are taken to the legal practitioner. It is with the intention of familiarizing the general practitioner and giving him some insight into the laws which regulate the real estate occupation that this article has been written. The primary body of law which regulates the relationship be- tween real estate agents and the public is known as the Real Estate License Act (RELA) and the principal body which enforces this Act is the Texas Real Estate Commission (TREC). The Texas Real Estate Commission was conceived by and receives its authority to perform from the Real Estate License Act.' Therefore, a thorough * B.A., University of Houston, 1967, J.D., South Texas College of Law, 1970. ** Bentham, Theory of Legislation, Principles of the Civil Code part 1, 111-113, Du- mont, ed. Hildreth, Trans. (1864). 1. These statistics were obtained from the Texas Real Estate Commission on the 12th day of April, 1971. 2. TEx. REV. Civ. STAT. ANN. art. 6573a (1967).

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