Broker Lopez's sales agent, Amy, has been negotiating a commercial lease on behalf of a client. Amy discovers that the landlord is offering a secret incentive payment to any agent who brings a tenant. Amy does not disclose this to her client. Under TRELA, what violation has Amy committed?
Correct Answer
D) Amy has violated the duty of disclosure under the Canons of Professional Ethics, and both Amy and Broker Lopez may face disciplinary action
Under the Canons of Professional Ethics (TREC Rules §531.2), Amy must disclose all compensation and material information to her client. Failing to disclose a secret incentive payment is a violation of the duty of disclosure. Under broker responsibility rules, Broker Lopez may also face disciplinary action for failing to ensure Amy's compliance.
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Previous Question
A sales agent is approaching their first license renewal in Texas. In addition to the standard continuing education requirement, they must complete Sales Agent Apprentice Education (SAE) hours. Which of the following accurately describes how SAE hours differ from the standard continuing education (CE) requirement that applies at subsequent renewals?
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