2022.08.24 WednesdayNo. Contracts, Forms & Applications, Other Forms, Real Estate Sales Agent, Real Estate Broker Individual, Business Entity Broker. However, an advertisement that contains a URL or email address of a sales agent that includes a title that implies responsibility for a brokerage violates TREC Rule 535.155(d)(4). What happens if a sellers disclosure notice is provided late. Permitting, maintenance, and construction requirements for on-site sewage facilities (septic systems). 3 0 obj Description: This form is used when a buyer wants to notify a seller that the buyer is terminating an existing contract. Under Texas law, a license holder may not create a misleading impression in their advertisement. At the time of first substantive communication with a party relating to a proposed transaction regarding specific real property, a license holder must provide a written notice regarding agency, commonly referred to as Information About Brokerage Services or IABS Form. What is the difference if a broker appoint sales agents to represent the buyer and the seller or if the broker makes no appointments to the principals in a real estate transaction? Activate the Wizard mode in the top toolbar to obtain extra pieces of advice. (TXR-1406) 09-01-19 Initialed by: Buyer: , and Seller: JB, Page 1 of 9 Prepared with Sellers Shield SELLER'S DISCLOSURE NOTICE . A few of the changes include if the property is located wholly or partly in a 500-year flo. If TREC records do not show that you have completed your CE at the time you submit your renewal application, you must pay a $200 CE deferral fee, or renew in inactive status. The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. Please check with the licensing authority in the state where the brokerage activity will be performed. Does a landlord have to provide a sellers disclosure notice to a tenant entering into a lease? No. If so, does that entity have to be licensed as a real estate broker? ; SF 1409, Abstract of Offers ; SF 1410, Abstract of Offers Continuation ; SF 1413, Statement and However, TREC does not have the authority to require a broker to release you from the agreement. The link can also be "TREC Information About Brokerage Services," in at least 12 point font. P$- IZ.&j=\d$,IX@\"v}1|itr3 a. << /Type /Page /Parent 1 0 R /LastModified (D:20220821163045+00'00') /Resources 2 0 R /MediaBox [0.000000 0.000000 612.000000 792.000000] /CropBox [0.000000 0.000000 612.000000 792.000000] /BleedBox [0.000000 0.000000 612.000000 792.000000] /TrimBox [0.000000 0.000000 612.000000 792.000000] /ArtBox [0.000000 0.000000 612.000000 792.000000] /Contents 9 0 R /Rotate 0 /Group << /Type /Group /S /Transparency /CS /DeviceRGB >> /PZ 1 >> From the Start Menu page, click on the dropdown menu under the "Change your license information and manage relationships" category. Can I take the buyers I represent with me to the new broker if the buyers signed buyer representation agreements? [Rule 535.154(a)(4)], Team Name is a name used only by a team or group of one or more sponsored sales agents or brokers associated with this broker. Regardless of representation, however, it is misleading advertising to advertise a rebate for an apartment complex that the locator knows has a no rebate policy. Although certain types of sellers, like administrators or executors of an estate, are not required to provide a sellers disclosure notice to prospective buyers, the exemption does not apply to heirs. Split & Merge Split PDF . What are the various form fields that I can use in a PDF form? Yes. However, since it is quite likely that prospective buyers will find out about this information from neighbors or other sources, the listing agent may consider some innocuous method of getting this information to agents for prospective buyers. The sales agents agreement should also address how compensation is handled with the broker. Information of Brokerage Services - Listing (TXR 2501).pdf - Google Drive. The listing agent of the property told me neither he nor the seller wants to receive a copy of the inspection report. The broker is responsible for accounting for the interest and disbursing it to the person whose money is held by the broker. <> A buyer representation agreement is intended to be a legal and binding contract. While there is no statutory mandate that buyers must sign the notice, buyers should cooperate by signing the receipt portion of the notice when they receive the notice. Informacin detallada del sitio web y la empresa: foehrferien.com, +49468150866 Ferienwohnung Carstensen auf Fhr - Ferien - Strand - Sonne - Wohnung The buyer may, however, seek to be released from the buyer representation agreement. [Rule 535.220(e)(3)] Also, acceptance of a fee from a service provider may violate the Federal Real Estate Settlement Procedures Act (RESPA), which prohibits certain referral fees and kickbacks. PDF Search Engine. Protected: TXR-1906 Lead-Based Paint Addendum. The intermediary and any associated license holders appointed by the intermediary broker are prohibited from disclosing, without the written authorization from the seller, that the seller will accept a price less than the asking price or that the buyer will pay a price greater than the price submitted in a written offer. The owner refuses to fill out a sellers disclosure notice, except to note he has no knowledge of the propertys condition. Cadastre-se e oferte em trabalhos gratuitamente. The seller is required to complete the disclosure to the best of the sellers knowledge and belief as of the date they complete and sign the disclosure. If a residential service company contract is part of the transaction but you do not receive a fee from that specific company, you do not need to provide this form. Placement of signs in violation of city ordinance could be considered an act of negligence or incompetence that authorizes disciplinary action against the license holder as well as subject the license holder and possibly even their principal to enforcement actions by the appropriate authorities. Two of my listings involve homes that may have a registered sex offender living nearby. The One to Four Family Residential Contract (Resale) (TXR 1601) provides that if the notice is not received, the buyer can terminate at any time prior to closing and the earnest money will be refunded. [TRELA 1101.351(c)] Thus, a sales agent may not work for a broker who is not the sales agents sponsoring broker or work for another broker or out of another broker's office. Information for local governments wanting to become authorized agents of the TCEQ and run the program. My buyer wants to purchase a residential property owned by an investor who hasnt seen the property in years. However, murder does not fall into these categories. See question regarding the difference between the types of names to figure out which one is appropriate for your situation. are taken in the name of the broker, not the sales agent or the associated broker). The seller is responsible for filling out this form. If a broker does not have a written agreement to represent the buyer, what recourse does the broker have if another broker steals a client? Buyer's Walk-Through and Acceptance Form - TXR 1925 MOST USED FORMS FOR SELLERS Information About Brokerage Services - TXR 2501 or TREC OP-K Residential Listing Agreement (sell) - TXR 1101 Seller's Disclosure Notice - TXR 1406 or TREC OP-H Lead Based Paint Addendum - TXR 1906 or TREC OP-L Amendment to Contract - TXR 1903 or TREC . (TXR-1406) 09-01-19 Initialed by: Buyer: , and Seller: CN, HN Page 2 of 8 Prepared with Sellers Shield Water Softener X owned leased from: . Tips on how to finish NV TXR-01.01 fast and easy: Open the PDF sample in the editor. IRS Tax Forms. In any event, if a buyer refuses to sign the receipt for the notice, the broker could note on a copy of the notice the date that the notice was provided to the buyer and that the buyer would not sign the receipt. Real Estate Recovery Trust Account and Fund, Announcing The Application Status Tracker, Become a Business Entity Real Estate Broker, Information About Brokerage Services (IABS) & Consumer Protection Notice, Provider Exam Passage Rates for Sales Agents and Brokers, Renew Your Business Entity Real Estate Broker License, Tips for Posting the IABS and Consumer Protection Notice. All you need is smooth internet connection and a device to work on. Remember that the seller's disclosure notice is a risk-reduction tool for the benefit of the seller. Rearrange and rotate pages, add new and changed texts, add new objects, and use other useful tools. Yes because the designated broker own 10% or more of the licensed business entity through the broker's ownership of the other entity. How to create a form from scratch You can start with a blank PDF, add the required text and labels in the PDF, and then add form fields to complete the form. TREC may suspend or revoke a license if the license holder places a sign on a property offering it for lease or rental without the written permission of the owner or the owner's authorized agent. Reata Ranch Realty(TXR-1406) 07-08-22 Initialed by: Buyer:, LLC, 408 N Llano Fredericksburg TX 78624 8309925079 4745 S US Hwy 87, and Seller: , Page 1 of 6Phone: Fax: Danita Barnett Produced with Lone Wolf Transactions (zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www.lwolf.com Concerni ng t he P ropert y at 4745 S US Hw y 87 [Rule 535.144(b)] The disclosure is required even if the license holder is on inactive status. The TREC form is essentially a copy of the statutory minimum information required in Section 5.008 of the Texas Property Code. 3 0 obj OCC8!" #9$!QH&uc9WsZR$+ IV.&m_u.u(xNpTn3|"^Dmc&W69]@3*UCY 2#w"fFD9U yH3'h0ux2R:HaH>yi1$p`=e_ e-~01%8 m)00D+T hr`g"DQ?4tu923" [See 535.2(i)(6)]. 1. Only the seller is selling the property. Create Date November 30, 2020. Keep in mind that the associated broker registers the assumed business name that is used when they are not associating with another broker and the broker that they are associating with registers the team name being used when associating with that broker. Submit all requests for repairs separately in accordance with your lease. Can I get an extension to complete my hours? However, the date moved up three months with the 2017-2018 school year. Can a broker pay all or a portion of a commission or fee to an unlicensed person? {#>|;\l6A{lsm,WCObIX)i,.b5eW"SSPG8.162TAS4kXuGLNY#rY[yw2&kNEHv A license holder is required to notify the Commission not later than the 30th day after the final conviction or the entry of a plea of guilty or nolo contendere. Insert a signature field so users can sign their name with ease. Located wholly partly in a 500-year floodplain (Moderate Flood Hazard Area-Zone X (shaded)). [Rule 535.155(b)(3)], Yes. Any seller should review the sellers disclosure notice and consider the advantages of disclosing information about the propertys condition before an offer is made. Save your fillable PDF. She didnt state that she sold it but an average person reading the card could surely and reasonably imply an erroneous claim of involvement. A license holder shall not use the license holders expertise to the disadvantage of a person with whom the license holder deals. What qualifies as proof of ownership of the business entity? Is that true? };+bq,ogmc0(]=CP5Oo4KKfL6Ol,O}[={~erZEX%fftj,h~a~!N/oqe[0\"c30A#;Dyvdnde>>`mvcGg|)\uEw+lCoXLyS[?yJOjLOC?; Like Dislike Report abuse Bronze Sokunthea Im About 10 months ago Ziform, dollop, NAR. Is the license holder required to provide the "written statement" (IABS Form) to buyer prospects at an open house? This form complies with and contains additional disclosures which exceed the minimum disclosures required by the Code. How can I start a real estate brokerage referral business or Limited Function Referral Office (LFRO)? If the license holder is an agent of the buyer, the license holder owes a fiduciary duty to the buyer. Section 5.008 of the Texas Property Code requires the disclosure notice be provided to a buyer on or before the effective date of the contract. Furthermore, agents should not help sellers fill out the sellers disclosure notice, because doing so can increase their liability and the liability of their broker. A seller may receive, review and negotiate several offers simultaneously. The exceptions to the representation disclosure are in TRELA 1101.558(c). [TRELA 1101.002] Further to receive or maintain a license, a business entity must designate an individual holding an active Texas real estate broker license, in good standing,who is an officer, manager, or general partner of the entity to act for it. A licensed attorney will need to meet all the standard requirements, including education, examination and experience, for issuance of first a real estate sales agent license and then a broker license. Transcripts would need to be evaluated to determine whether the attorney may receive credit for any applicable courses. 9 0 obj The unlicensed person may share in the income earned by a real estate brokerage if the person engages in no acts for which a license is required. 14 0 obj W9. 7na(G_jR0V9|o#JG:M. 832-851-9190 pia@piajohal.com Like Dislike Report abuse Bronze Cassandra Davenport About 10 months ago Transaction Desk on Matrix. endobj Am I required to complete the Legal Update I and Legal Update II courses? [TRELA 1101.351(c)]. c{vdjF`;e\NCYu5%|.#rc. We don't know, since you will be governed by the laws in that state. Your seller can use the Texas REALTORS Sellers Disclosure Notice, which includes a question about deaths other than those caused by natural causes, suicide, or an accident unrelated to the propertys condition, and provides space for the seller to explain her answer. The name of the license holder or team placing the advertisement; and. This form complies with and contains additional disclosures which exceed the minimum disclosures required by the Code. Include the date to the sample using the Date feature. xQMk1+0FV]EU7zPwU5u] BSccj-E0f2yCT,(:M\/sqBA/9zi==4W#_rE0g:=5C9y':ol&1fz`|g%5^.s.n's$J$J2JpI*J>F:Ea 0l:FrU 2le] M;=6]f6'(EW11 G"B1OMt='y One-Stop Forms & Templates Download. [TRELA 1101.651(b)] Further, a business entity that receives compensation on behalf of a license holder must be licensed as a broker. I am renewing my license for the first time. Is a broker required to have a trust or escrow account? Yes. Can the intermediary delegate to another license holder the authority to appoint license holders associated with the broker intermediary? 12 0 obj Can any of these courses be used towards the required qualifying courses to obtain a sales agent license? 11 0 obj There are some buyers who might be very disturbed about this information and not want to purchase the property. endobj 53.300 Listing of Standard, Optional, and Agency forms. TXR 1414). Yes. A sales agent may use her name with the term Team or Group, so long as the advertisement also includes the brokers name, and so long as the broker has registered the team or group name with the Commission. Further, TREC will consider all advertisements in their entirety and if an email address or URL] makes the advertisement misleading or deceptive, it violates the law. Yes. 3e )nZ?d)u:!`ZZ104~LArfv>@}l_=(PM_6AF0S9goho}>TuaFeirENvyWIr$m~(~+6w"o|=>N/w6tgR]4C[h)?[l`+q0oC'|d;g~jlQvwb` $U5Yfww+>nv_:?E~ X~n?7Wr4c/,]fWqfrO`o ;v3:Ne=cFZy6[kk?i7\g>Oz>n4Hvv&_KS-iWPJy_~-# [Rule 535.147(d)]. The seller insists that since the lender is a necessary party to any sale that the seller is not obligated to provide a disclosure notice. A buyer representation agreement is a private contract between the buyer and the real estate broker, not the sales agent. No. How do I know how many classes I need to take for renewal? endstream Yes. What must a seller disclose specifically regarding smoke alarms? The notice can be a significant risk-reduction tool. 1 0 obj Does a broker have to supervise the daily activities of a sales agent? When you're done, click Done. A brokers name alone is okay. While Texas REALTORS has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, Texas REALTORS makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here. If the broker does not appoint associated license holders to represent the buyer and seller respectively, then the broker and/or agent may not offer advice and opinions relevant to the real estate transaction to either party and must not favor one principal in the transaction over the other principal. That noted copy could be retained in the broker's file as evidence of compliance by the broker in furnishing a copy of the notice to the buyer. [Rule 531.20(e)], It could be. All commissions must be paid through the agents sponsoring broker. I have completed several courses for my law degree. Now it takes a maximum of thirty minutes, and you can do it from any place. A broker is prohibited from sharing fees with or otherwise compensating the attorney acting as a buyers agent unless the attorney holds an active real estate license. Assumed Business Name: Broker [Rule 535.154(d)(1)], Alternate Name: Individual License Holder [Rule 535.154(b)(1)]. File Size 122 KB. [TRELA 1101.558(c)]. Is it illegal or unethical for an agent to present two offers to the seller at the same time? Requirements for an assumed business name and team name are set out in Rule 535.154. Can I apply online? This disclosure form is required by sellers of previously occupied single family residences and is to be used in conjunction with a contract for the sale of real property entered into on or after September 1, 2019. What are the factors that determine whether an item stays with the house? endobj Yes, unless the person is an employee of the owner of the apartments or otherwise exempt, residential rental locators are required to be licensed as either a real estate broker or sales agent. Read the information on the"Change/Verify Contact Information" introduction page and click Next. The sellers disclosure-notice requirements in Section 5.008 of the Texas Property Code only apply to sellers of residential real property composed of not more than one dwelling unit. Although not required to provide the statutory notice, a seller must still disclose known material defects concerning the property, making it a good idea for the owner of a duplex to provide the notice for each side of the duplex. [TRELA 1101.652(b)(23)], No. This form complies with and contains additional disclosures which . Who registers an assumed business name, team, or alternate name? A relocation company that has title to the property is not exempt from the notice requirements. Failing to provide a completed sellers disclosure notice to the buyer may entitle the buyer to certain remedies, like terminating the contract. The brokers name in at least half the size of the largest contact information for any sales agent, associated broker, or team name contained in the advertisement. For example. Whether a potential zoning changeor any fact a seller knows about the propertyis a material fact that requires disclosure would ultimately be up to a court to determine. An example of a misleading advertisement of this nature would be if a license holder sent out Just Sold postcards with her contact information and a picture of a recently sold property that she did not help to sell. However, a seller must still disclose known material defects concerning the property. Also, although TREC does not regulate where a license holder places a sign, a license holder is responsible for compliance with any rules, restrictions, or regulations covering placement of a sign in their local area. In addition, the IABS is not generally required when the license holder is acting solely as a principal in the transaction. x]KsG3Os[T^6dlXMj-Q(Seo\dV" dM" ~*+zdUQ]V Is a license holder acting as a principal required to provide a party with written information relating to agency? Any seller who enters into a sales contract on or after that date should give the potential buyer the updated notice. Can a sales agent receive or pay a commission to a party in a real estate transaction? 13 0 obj A broker should also be aware that a complaint filed against a sponsored sales agent is also a complaint against the broker for the purpose of determining the brokers involvement in the alleged violation and whether the broker properly supervised the sales agent. Fill in each fillable field. You can ask the broker to release you from the buyer representation agreement. For convenient searching and filing of the issue-related forms, select the category and have all relevant documents in one place. Yes. Additionally, the license holder may not use the license holders expertise to the disadvantage of the other party. This disclosure may be oral or in writing. 4 0 obj Log on to your My License Services account. W;yq0 Many transactions do not require use of this form. Can an individual sales agent use an assumed business name in advertising? Before a broker or sales agent sponsored by the broker can represent both the buyer and seller in a transaction, all of the following steps must occur: Under Rules 535.154 and535.155 (effective May 15, 2018), an advertisement is defined asany form of communication by or on behalf of a license holder designed to attract the public to use real estate brokerage services and includes, but is not limited to, all publications, brochures, radio or television broadcasts, all electronic media including email, text messages, social media, the Internet, business stationery, business cards, displays, signs and billboards." The seller does not need to add to his financial problems by risking a DTPA suit for nondisclosure of items that could have been provided to a buyer by the careful preparation of the seller's disclosure notice. There are no changes to the threshold of the sum of all taxable wages after deductions, currently at $50,000, or the Commerce Tax credit. The link must be in at least a 10 point font and in a readily noticeable place on the homepage of the business website of the broker and sales agent. See https://www.sos.state.tx.us/corp/namefilingsfaqs.shtml, Evidence of registration of the assumed business name with the Secretary of State or in the county or counties where the broker does business is adequate proof of authority to do business under that name. (3) the communication is at an open house and the communication concerns that same property. The T-47 is an affidavit that accompanies a survey in real estate transactions when the buyer and seller wish to use an existing survey rather than paying for a new one at the time of the transaction. If there is no residential service company contract as part of the transaction, you do not need to provide this form. Should the seller disclose this information to potential buyers? Do partnerships need to be licensed if real estate brokerage activity is performed under the partnership name? Create Date November 30, 2020. No. Solve all your PDF problems. Click the option to choose when you see the checkboxes. %PDF-1.4 Copy the temporary password from the email message you received when you registered. Can he? Does she have to disclose this information to buyers? [TRELA 1101.558(b-1)]. How do I request inactive status for my sales agent license? It is best to disclose it as early as possible but it must be disclosed in the contract, lease, or in another written document given to the other principal before the agreement is signed. Yes. << /Type /Page /Parent 1 0 R /LastModified (D:20220821163045+00'00') /Resources 2 0 R /MediaBox [0.000000 0.000000 612.000000 792.000000] /CropBox [0.000000 0.000000 612.000000 792.000000] /BleedBox [0.000000 0.000000 612.000000 792.000000] /TrimBox [0.000000 0.000000 612.000000 792.000000] /ArtBox [0.000000 0.000000 612.000000 792.000000] /Contents 15 0 R /Rotate 0 /Group << /Type /Group /S /Transparency /CS /DeviceRGB >> /PZ 1 >> Despite the request, it is up to your buyers whether they would like to send a copy of the inspection report to the listing agent or seller. Only an active licensed sales agent sponsored by a licensed business entity may make a referral on behalf of the brokerage, and any referral fee must be paid to the sponsoring broker. Is a broker required to act as an escrow agent or hold the money of others? [TRELA 1101.652(b)(23)]. (2) a meeting is with a party currently known to be represented by another license holder; or endobj Remember -- all these types of names must be registered with TREC before use in advertising. [TRELA 1101.652(b)(18)]. [TRELA 1101.558], Yes, if the assumed business name of the associated broker meets the requirements for a team name since a team name must be used when the associated broker is associating with another broker. Does TREC consider a logo that contains the brokers full name sufficient for the broker name requirement? When the sponsoring broker is a licensed business entity, it must have a designated broker to be active. A broker may not enter into a net listing agreement unless the principal requires a net listing and the principal is clearly familiar with the current market values of real property. There . You can use the Documents tab to merge, split, lock, or unlock your files. A name used in advertising by an associated broker that is not the associated brokers licensed name must be registered as a team name by the broker he or she is associated with and meet all the requirements for a team name. [Rule 535.154(a)(5)]. The Texas REALTORS Seller's Disclosure Notice (TXR 1406) has added provisions that provide more information for buyers and is designed to serve as a risk-reduction tool for sellers. Convert & Compress Compress PDF. [See Rule 535.144]. When a rental locator represents an apartment complex, the locator needs the consent of the apartment complex. TREC does not determine what constitutes "procuring cause" or who is entitled to a commission or other compensation. Choose Create New, and click Start. This notice must be in writing. What is the difference between an assumed business name and a team name? [Rule 535.16(b)]. Because the zoning change could be something a buyer would want to know before deciding to purchase the property, its a good idea for the seller to disclose what he knows about the potential zoning change. (TXR-1406) 09-01-19 Initialed by: Buyer: , and Seller: FJ, LJ Prepared with Sellers Shield (TXR-1406) 09-01-19 Initialed by: Buyer: , and Seller: FJ . All sales agent applicants must complete the required education. One simple way to accomplish this is to put sales agent next to the agents name. If the intermediary authorizes another license holder to appoint associated license holders to work with the respective principals, that license holder cannot designate himself/herself as one of the appointed license holders. endstream (TXR-1406) 07-08-22 Initialed by: Buyer: , and Seller: MH, CH Page 2 of 8 Prepared with Sellers Shield Other Leased Item(s) X if yes, describe: . All license holders criminal backgrounds are rechecked upon renewal, however, this does not excuse a license holder from notifying the Commission not later than the 30th day after the final conviction. I want to renew my sales agent or broker license active but am unable to complete my CE hours by the license expiration date. Texas Real [TRELA 1101.351(c)], Yes, as long as the broker has the legal authority to use that name in the State of Texas and it is registered with TREC before it is used in advertisements. Texas REALTORS provides content through various online platforms, including this blog. << /Type /Page /Parent 1 0 R /LastModified (D:20220821163045+00'00') /Resources 2 0 R /MediaBox [0.000000 0.000000 612.000000 792.000000] /CropBox [0.000000 0.000000 612.000000 792.000000] /BleedBox [0.000000 0.000000 612.000000 792.000000] /TrimBox [0.000000 0.000000 612.000000 792.000000] /ArtBox [0.000000 0.000000 612.000000 792.000000] /Contents 7 0 R /Rotate 0 /Group << /Type /Group /S /Transparency /CS /DeviceRGB >> /PZ 1 >> Can the buyer do that? However, if the seller legitimately does not know the answer to a question on the disclosure, the seller can mark that question unknown and still fulfill the obligations under the property code. What are the steps to formation of an intermediary relationship? [Rule 535.146(b)(1)]. This form complies with and contains additional disclosures which exceed the minimum disclosures required by the Code. I have moved my sponsorship to a new broker, can my prior sponsoring broker pay me a commission directly for a transaction or referral? Can the team name used by an associated broker be the same as the assumed name used by the associated broker when he or she is not associating with another broker? % File Size 156 KB. Can a sales agent have an escrow account? Under this provision of the law, neither you nor the owners of the properties would have a duty to disclose any information that you know about registered sex offenders. <> stream Are there any restrictions on the placement of a license holder's signs? No. Documents Templates. Form 1099-NEC. Online Services is not accepting my temporary password. This could tend to mislead the public that the associated broker is in charge of the brokerage operation. endobj t9MsBCIs)EQLEQU#(Ht1J{"E1 .FUy\("*\T$PUe>RxWb*(]R)JG [Rule 535.154(a)(5)], Yes, within certain limitations. If a license holder is convicted of a felony or a criminal offense involving fraud it is a violation of section 1101.652(a)(1) of the License Act. If a sales agents last name is contained in the brokers licensed or assumed business name, how can the sales agent let the consumer know the agent is not the broker?
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