In 1949, the Texas Real Estate Commission (TREC) was created to administer and enforce TRELA.
Which government agency is responsible for enforcing the Texas real estate license Act?
The TREC enforcement team members carry out the Commission's mission to protect consumers by enforcing The Real Estate License Act, Rules of the Commission, Chapter 1102 of the Texas Occupations Code regarding Real Estate Inspectors, and the Texas Timeshare Act.
Which authority administers the Tennessee real estate broker license Act?
-The Tennessee Real Estate Broker License Act is the law; --the Tennessee Real Estate Commission is the enforcement.
Which federal agency is responsible for mentoring the marketplace and enforcing antitrust laws?
How do you calculate what rent should be?
The simplest way to determine how much rent to charge for a house is the 1% Rule. This general guideline suggests that you charge around 1% (or within 0.8-1.1%) of your home's total market value as monthly rent payments.
What percentage of income should go to rent?
A popular standard for budgeting rent is to follow the 30% rule, where you spend a maximum of 30% of your monthly income before taxes (your gross income) on your rent. This has been a rule of thumb since 1981, when the government found that people who spent over 30% of their income on housing were "cost-burdened."