Under TREC rules, the term "license holder" in Texas refers to which of the following?
Correct Answer
D) Any person who holds a real estate sales agent or broker license issued by TREC
Under Texas Occupations Code §1101.002, 'license holder' refers to any person who holds a real estate license issued by TREC, which includes both sales agents and brokers. Texas uses this term rather than 'agent' or 'salesperson' in its statutory language.
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More Trela Trec Rules Questions
Under TREC rules, a trust account used by a Texas real estate broker to hold client funds must be maintained at which type of institution?
Under TREC rules, a broker who converts client trust funds to personal use has committed which type of violation?
Under TREC rules, what is the primary purpose of the Real Estate Recovery Trust Account?
Under TRELA, which of the following persons is NOT exempt from the Texas real estate licensing requirement?
Under TREC rules, how many hours of continuing education (CE) must a Texas real estate license holder complete during each 2-year renewal cycle?
- → Broker Henderson is approaching his license renewal deadline. He wants to take a CE course that covers changes to the TREC promulgated contract forms. Under TREC rules, would this type of course satisfy part of his CE requirement?
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- → Under TRELA, the Texas real estate licensing examination for a sales agent consists of which sections?
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Previous Question
Under the Canons of Professional Ethics and Conduct adopted by TREC, a license holder who knowingly withholds information from a client that is material to the transaction is in violation of which Canon?
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Broker Davis discovers that one of his sponsored sales agents, Lisa, accepted a commission payment directly from a client without going through Davis's brokerage. Under TRELA and TREC rules, which of the following statements is correct?