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?
Correct Answer
C) The member's position on the commission is automatically vacated because a public member may not hold a real estate license
Under Texas Occupations Code §1101.051, public members of TREC must not be licensed as real estate brokers or sales agents. If a public member obtains a real estate license, the member no longer qualifies as a public member, and the position is automatically vacated.
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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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Previous Question
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?
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Sales agent Nguyen wants to report a fellow license holder who she believes is practicing real estate without a proper license. Under TREC rules, how should Nguyen file this complaint?