Broker Adams wants to operate her brokerage using a trade name 'Premier Homes Realty.' Under TREC rules, what must Adams do before using this trade name?
Correct Answer
D) Adams must register the assumed business name with TREC before using it in any advertising or business dealings
Under TREC Rules §535.154, brokers must register any assumed business name (d/b/a) with TREC before using it in advertising or business operations. This ensures that TREC can track all names under which a brokerage operates and that consumers can identify the licensed entity.
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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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Previous Question
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?
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A consumer suffered $75,000 in damages due to a license holder's fraudulent conduct. The consumer obtained a court judgment against the license holder but could not collect because the license holder had no assets. The consumer then applies to the Recovery Trust Account. Under TRELA, what is the maximum the consumer can receive?