A Texas broker operates in multiple cities and has designated broker associates in each office location. Under TREC Rules §535.2, the designated broker has delegated certain supervisory responsibilities to these associates. If a sales agent in the Dallas office commits a TRELA violation, who bears the primary supervisory responsibility?
Correct Answer
A) The designated broker retains ultimate responsibility for the supervision of all sponsored agents, even when supervisory duties are delegated to broker associates
Under TREC Rules §535.2 and Texas Occupations Code §1101.803, the designated broker may delegate supervisory tasks to broker associates, but the designated broker retains ultimate responsibility for the supervision of all sponsored license holders. Delegation of duties does not transfer the broker's primary liability.
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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
A sales agent discovers that her sponsoring broker is commingling client trust funds with the brokerage's operating account and reports the conduct to TREC. Which of the following best describes the legal framework governing her situation after filing the complaint?
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Under TRELA, when TREC receives a payment from the Recovery Trust Account on behalf of an aggrieved consumer, what happens to the license holder whose conduct caused the payment?