Which of the following is true regarding the Canons of Professional Conduct?

The Canons of Professional Conduct are a set of ethical guidelines established to govern the behavior of real estate agents in Texas. They are crucial in maintaining professional standards and ensuring that agents act in the best interest of their clients and the public. The reason the statement about enforcement by TREC is accurate is that TREC, the Texas Real Estate Commission, has the authority to enforce these canons. This means that agents who violate these standards can face disciplinary actions, including fines, license suspension, or revocation. It reinforces the accountability of agents in their professional conduct, ensuring they adhere to ethical practices throughout their careers.

The other options suggest misunderstandings about the applicability and nature of the Canons. They are mandatory guidelines applicable to all licensed agents, not just optional or limited to brokers or during transactions. This framework establishes a baseline of professionalism expected from all real estate licensees in Texas, regardless of the specific context in which they are operating.