A Texas sales agent's sponsoring broker operates as a professional corporation (PC). The designated broker officer dies unexpectedly. Under TRELA, what must the sales agent understand about the PC's ability to continue brokerage operations?
Correct Answer
B) The PC must designate a new licensed broker officer and notify TREC; the sales agent cannot conduct brokerage activities until a new broker is designated
Under TRELA, a professional corporation must have a designated licensed broker officer. If that broker dies, the PC cannot conduct brokerage activities until a new broker is designated and TREC is notified. Sales agents sponsored by the PC cannot conduct real estate activities during this gap.
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