A Texas license holder prepares a TREC promulgated contract for a residential sale. Before the buyer signs, the license holder strikes through the paragraph regarding the survey requirement and writes 'N/A - Survey Waived' in the margin. What is the potential consequence for this license holder?
Correct Answer
B) Disciplinary action by TREC, including possible suspension or revocation of the license
Striking through paragraphs and writing in alternative language constitutes unauthorized modification of a TREC promulgated form, which is a violation of TREC Rules §537.11. This can result in TREC disciplinary action including license suspension or revocation, regardless of whether the contract has been signed.
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