Under Texas Occupations Code §1101.355, a corporation that operates a real estate brokerage must designate a licensed broker officer. Which of the following correctly describes that individual's primary responsibility?
Correct Answer
D) Ensuring the corporation's compliance with TRELA and TREC rules as the responsible licensee
Under Texas Occupations Code §1101.355, a corporation operating a real estate brokerage must designate a licensed broker officer who bears personal responsibility for ensuring the entity complies with TRELA and all TREC rules. This designated broker is the accountable licensee for the corporation's real estate operations.
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