Under TRELA, a license holder who fails to disclose a known latent defect in a property to the buyer may face which consequence?
Correct Answer
C) Disciplinary action by TREC for failure to disclose material facts, which may include suspension or revocation of the license
Under Texas Occupations Code §1101.652, failure to disclose known material facts, including latent defects, is grounds for TREC disciplinary action. TREC can impose suspension, revocation, fines, and other penalties.
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