Lisa, a Texas sales agent, decides to let her sponsoring broker relationship lapse without finding a new broker. She does not renew her sponsorship. Under TREC rules, what is the status of Lisa's license?
Correct Answer
B) Lisa's license is placed on inactive status and she may not perform any real estate activities until she obtains a new sponsoring broker
Under TREC rules, a sales agent without a sponsoring broker is placed on inactive status. The agent may not perform any real estate activities until a new sponsoring broker relationship is established and recorded with TREC. The license itself is not revoked but is inactive.
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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?
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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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