Under TRELA, which of the following actions by a license holder is considered a violation that may result in disciplinary action?
Correct Answer
D) Failing to account for or remit trust money received on behalf of another person
Under Texas Occupations Code §1101.652, failing to account for or remit trust money received on behalf of another person is a serious violation that constitutes mishandling of fiduciary funds and is grounds for disciplinary action.
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More Trela Trec Rules Questions
Under TREC rules, a trust account used by a Texas real estate broker to hold client funds must be maintained at which type of institution?
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