Texas Real Estate Commission

Acronym:

TREC Enforcement

Can a sales agent have an escrow account?

Is a broker required to act as an escrow agent or hold the money of others?

Is a broker required to have a trust or escrow account?

Can a sales agent have a commission check written to the sales agent’s own corporation or Limited Liability Company? If so, does that entity have to be licensed as a real estate broker?

Can TREC obtain reimbursement of commissions paid by buyers and sellers to brokers and sales agents for compensation in real estate transactions?

Can a listing broker share a portion of the listing broker’s commission with an attorney who represented the buyer in a real estate transaction?

Can a license holder be disciplined for paying a commission or a fee to or dividing a commission or fee with an unlicensed person for services as a real estate agent?

Can a sales agent receive or pay a commission to a party in a real estate transaction?

Can a broker pay all or a portion of a commission or fee to an unlicensed person?

Can an unlicensed person own a real estate company and receive all or a portion of a commission paid to a licensed broker?

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