Which of the following has the authority to suspend or revoke a Texas real estate license?

The Texas Real Estate Commission (TREC) is the governing body responsible for regulating real estate practices in Texas, which includes overseeing the licensure of real estate agents and brokers. TREC has the legal authority to suspend or revoke a real estate license based on violations of state laws and regulations pertaining to real estate conduct. This includes any form of misconduct, failure to adhere to statutory requirements, or any actions deemed detrimental to the public's interest in real estate transactions.

Other organizations mentioned, such as TREB (Texas Real Estate Brokers), TAB (Texas Association of Builders), and TFTC (Texas Financial Translation Corporation), do not hold the regulatory authority to issue or revoke licenses. Their roles may involve professional association functions, advocating for industry standards, or supporting real estate professionals, but they do not have the legal power to suspend or revoke licenses. Therefore, the correct choice reflects the entity that has the statutory power and responsibility for license regulation in Texas.