Under Texas Occupations Code Chapter 1101, TREC has the authority to take several enforcement actions against license holders. Which of the following is NOT a power granted to TREC?
Correct Answer
B) Filing criminal charges against a license holder in a Texas district court
TREC does not have the authority to file criminal charges. Criminal prosecution is the responsibility of local district attorneys or the Texas Attorney General. TREC's enforcement powers are administrative in nature — it can suspend/revoke licenses, impose administrative penalties, and issue cease-and-desist orders.
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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?
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- → 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
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?
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A public member of TREC has been serving on the commission for several years. During the member's term, the member obtains a Texas real estate sales agent license to pursue a new career. Under TREC's statutory requirements, what is the consequence?