Sales agent Harper is found to have commingled client trust funds with her personal bank account. Which of the following correctly describes TREC's disciplinary authority under TRELA?
Correct Answer
B) TREC may suspend or revoke Harper's license, impose administrative penalties, and/or require corrective action
Under Texas Occupations Code §1101.652, commingling trust funds is an enumerated violation that gives TREC broad disciplinary authority. TREC may suspend or revoke the license, impose administrative penalties up to $5,000 per violation per day, place the license on probation, and require corrective action — all independently and without waiting for a second offense or court order.
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