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Trela Trec RulesDisciplinary_actionsMEDIUM

Under TRELA, a license holder receives a TREC agreed order that places the license on probation for 1 year. During probation, the license holder must submit quarterly compliance reports. Under TREC rules, the license holder's probation status is:

Correct Answer

B) Public information that is available through TREC's license verification system

Under TREC rules, probation status resulting from a formal disciplinary action is public information. It is available through TREC's online license verification system, allowing consumers and other parties to check a license holder's current status.

Answer Options
A
Confidential and cannot be disclosed to the public under any circumstances
B
Public information that is available through TREC's license verification system
C
Shared only with the license holder's sponsoring broker and not available to the general public
D
Available only to other state real estate commissions through an interstate compact

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Related Topics & Key Terms

Key Terms:

probation_statuspublic_informationlicense_verificationtransparency
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