The purpose of this course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of the law of agency, planning and organization of business entities, requirements for written policies and procedures, records retention and control, advertising, recruitment and training of agents, and the anatomy of a complaint filed with the Texas Real Estate Commission (TREC). The Real Estate License Act (the Act) is Chapter 1101 of the Texas Occupations Code (TX. Occ. Code); the TREC Rules are part of 22 TAC Chapter 535 (the TREC Rules).