Broker Harris discovers that a competing brokerage has been telling sellers that Harris charges the highest commission in the area. Under TREC rules, can Harris file a complaint?
Correct Answer
B) Yes, if the competing brokerage's statements are false and misleading
Making false and misleading statements about a competitor constitutes a TREC violation. If the competing brokerage is making untrue claims about Harris's commission rates, Harris may file a complaint with TREC.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
More Texas Agency Law Questions
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A married couple visits an open house together. Sales agent Foster provides the IABS to the wife but not the husband. If both spouses are interested in purchasing the property, has Foster satisfied the IABS requirement?
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In Texas, a sales agent who is assigned by the intermediary broker to communicate with and carry out instructions of one party in a transaction is known as a(n):
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