Under TRELA, a license holder who receives compensation from a real estate transaction without the knowledge of the sponsoring broker has committed which type of violation?
Correct Answer
B) A violation of TRELA because all compensation must be received through the sponsoring broker
Under Texas Occupations Code §1101.652, receiving compensation outside the sponsoring broker's knowledge is a violation of TRELA. All compensation for real estate activities must flow through the sponsoring broker.
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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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