Which statement about the Texas Real Estate Commission (TREC) is true?

The statement that TREC provides oversight for real estate practices in Texas is correct because the Texas Real Estate Commission serves as the regulatory body that governs the real estate industry within the state. Its primary role includes enforcing the Texas Real Estate License Act, which is designed to protect the public by ensuring that real estate transactions are conducted fairly and lawfully.

TREC's responsibilities encompass overseeing the licensing process for real estate agents and brokers, ensuring compliance with relevant laws and regulations, and facilitating the investigation of complaints against licensees. This oversight is crucial to maintaining high professional standards within the industry and ensuring that practitioners adhere to legal and ethical guidelines.

The other choices incorrectly describe the functions of TREC: it does not provide loans, does not specifically oversee property management laws (although aspects of property management may fall under its broader regulatory purview), and does set educational requirements for licensees to ensure they are properly trained to operate within the real estate market.