Review How long does a consumer have to file a complaint with TREC against a license holder quizlet?
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Bùi Nhật Dương đang tìm kiếm từ khóa How long does a consumer have to file a complaint with TREC against a license holder quizlet? được Update vào lúc : 2022-10-06 07:44:06 . Với phương châm chia sẻ Thủ Thuật Hướng dẫn trong nội dung bài viết một cách Chi Tiết 2022. Nếu sau khi đọc nội dung bài viết vẫn ko hiểu thì hoàn toàn có thể lại phản hồi ở cuối bài để Admin lý giải và hướng dẫn lại nha.is to review and revise curriculum standards, course content, and instructor certification requirements for both Qualifying and Continuing Education (CE) courses.
committee consists of 12 members appointed by TREC as follows:
Seven members who are license holders with least five years of active real estate experience
Four education members who are real estate instructors or owners of real estate schools, accredited by TREC, that provide qualifying or continuing education
One thành viên who represents the public
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-all business entities engaged in real estate brokerage activity, including partnerships, need to be licensed
-to receive or maintain a license, a business entity must
designate an individual holding an active Texas real estate broker license who is an officer, manager, or general partner of the entity to act for it
-If a brokerage or business entity elects to do business under an assumed name, the assumed name should be filed with
the Secretary of State, TREC and the local county clerk. An alternate name, associated broker, assumed business name and/or team names must all be registered with TREC before use in any advertisement. Team names MUST end with the word "team", or "group".
-Guaranteeing future profits.
-Sales agents receiving commissions directly from selling, leasing, negotiating, appraising, or auctioning real estate.
-Failing to specify a definite termination date in a
Buyer's Representation Agreement or a Listing contract that is not subject to prior notice.
-Selling real estate by lottery.
-Giving legal advice. Reminder: we can prepare a real estate contract addendum but we can never write a contract or draft a lease purchase agreement.
-Not advising a purchaser in writing to get an attorney's opinion of title on the abstract or to obtain an Owner's Title Policy.
-Placing a sign offering to sell, rent, or lease real estate without first obtaining
the written permission of the owner.
-Acting in the dual capacity of broker and undisclosed principal. A license holder must disclose if he is representing his spouse, parent, or child.
-Knowingly making a substantial misrepresentation. Puffing is not misrepresentation.
-Advertising without the brokerage information - broker or company name
-Commingling money - earnest money must be placed in an escrow account, not in with
broker personal or operating accounts. Conversion -
spending commingled funds is also prohibited.
-Threatening to sue for a commission you have not earned.
-Not furnishing copies of a document to one of the signatories, upon demand.
-Steering of prospective buyers. You are also subject to federal and state prosecution.
-Disbursing money deposited in a trust account before the transaction concerned has been consummated ( closing) or finally otherwise terminated.
-Enters a plea of guilty or nolo contendere to, or is convicted of a
felony or a criminal offense involving fraud.
-Fails to honor within a reasonable time a check issued to TREC after the TREC has sent, by
certified mail, a request for payment to the license holder's last known business address.
-Fails to notify the Commission not later than the 30th day after the date of a final conviction or the entry of a plea of guilty or nolo contendere to a felony. (NOTE: a second DWI conviction in TX is NOT a felony)
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