What was the first law regulating real estate brokerage in Texas, originally passed in 1939?

The Texas Real Estate Dealers Act, originally passed in 1939, was the first law that specifically regulated real estate brokerage in Texas. This legislation established a framework for the licensing of real estate professionals and set forth guidelines intended to protect the public's interest in real estate transactions.

By creating licensing requirements, the Act aimed to ensure that only qualified individuals could operate as real estate agents or brokers, thereby enhancing the professionalism of the industry. It also laid the groundwork for future regulations and standards in real estate practice, ultimately leading to the establishment of the Texas Real Estate Commission, which enforces these regulations and oversees the licensing process.

The other choices do relate to real estate regulation in Texas but serve different functions or were established at later dates. For instance, the Real Estate License Act and the Texas Real Estate Commission Act are more recent developments that build upon the foundational principles set by the Dealers Act. The Texas Property Code, on the other hand, encompasses a broader range of real estate laws rather than focusing solely on brokerage.