A home inspection tells you the condition of the component at the time of the home inspection. The inspector is not required to determine life expectancy of any system or component. You should discuss the terms of the agreement with a private attorney.
You have to provide the appropriate cancellation notice to the developer before the sixth day after you signed the contract. Consult the contract or the timeshare disclosure statement you received for instructions on how to proceed. TREC is unable to advise you in private contractual matters.
You should discuss the terms of the listing agreement with a private attorney. Disciplinary action by TREC is not a prerequisite for pursuing a lawsuit against a license holder. Your rights against the license holder may be subject to a two-year statute of limitations.
You should consult with a private attorney to determine whether you have a claim and what deadlines may apply to your claim. If the broker used a Commission promulgated form, it contains provisions permitting the broker to require the buyer and seller to agree on who gets the earnest money and to sign a release before the money is disbursed. See Rule You are prohibited from commingling this money with your own money. A security deposit can also be deposited in an account separate from the trust or escrow account, but this is not a requirement.
The designated broker acting as a general partner must be an individual, not another business entity. Yes, but the ad must disclose that payment of the rebate is subject to the consent of the seller and if the rebate is contingent upon certain restrictions, such as the use of a particular service provider, the ad must contain a disclosure that payment of the rebate is subject to restrictions.
A buyer can choose the broker with whom the buyer wants to work. TREC does not determine what constitutes "procuring cause" or who is entitled to a commission or other compensation. Like a listing agreement, the buyer representation agreement must be in writing and signed by the buyer to be binding.
Thus, for example, any authorization language in the special provisions of the standard Resale contract is not separate consent by a seller. If the inspection you are proposing relates to a purchase or sale transaction, then TREC's Standards of Practice would apply, and a written report would be required.
If the inspection you are proposing is not in anticipation of a purchase or sale, then TREC's requirements would not apply, and the parameters of the inspection would be governed by the agreement between the inspector and his or her client. For further information, please see Sections Not unless the person depositing the money has signed an agreement authorizing the broker to keep the interest.
Otherwise, the interest must be treated in the same manner as the deposited money. The broker is responsible for accounting for the interest and disbursing it to the person whose money is held by the broker. To avoid an advertisement that implies the sales agent is responsible for the operation of the brokerage in this situation, the sales agent should make sure that the ad clearly indicates that the sales agent is not the broker.
The Commission members have instructed the staff to enforce the law vigorously. Unlicensed individuals who conduct residential rental location activity are subject to administrative penalties and criminal charges.
The mere presence of corrugated stainless steel tubing CSST is not, in itself, required to be reported as a deficiency, nor are inspectors required to notify the client of the litigation history or the risks associated with CSST.
Yes, if the real estate business entity holds a real estate license and the sales agent is sponsored by that entity. In such a situation, the designated broker for the entity is still responsible for the sales agent's actions, even when the sales agent owns the licensed business entity.
When the sponsoring broker is a licensed business entity, it must have a designated broker to be active. In some circumstances, a break in a handrail would be considered a deficiency; however, this would depend on the specific design of a particular set of stairs e. The Standards of Practice do not require double-cylinder deadbolts to be reported as deficient unless such a deadbolt would impede functional emergency escape from a sleeping room.
No, but a license holder is required to provide a written notice to the other party that the license holder is licensed as a real estate broker or sales agent before entering into a contract, including a lease.
IABS , that license holders must use to comply with the statute. If the sales agent is an employee of the owner of the timeshare, the employee would not be required to be licensed.
Generally no. As long as the attorney is licensed in Texas, they are exempt from the licensure requirements. 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. Yes, as with all license holders, this can only be done with the prior consent of the person the locator represents. A real estate license is not required for a person who calls an auction of real property, provided the person is licensed as an auctioneer by the Texas Department of Licensing and Regulation.
TREC requires licensure if the person seeks or has an expectation of compensation for offering to locate a unit in an apartment complex to a prospective tenant. Note, however, that the Inspector Committee may consider a change to the Standards to create an exception for garage ceiling receptacles serving garage door openers.
The standards of practice are not based on a specific requirement such as those promulgated by model building codes. The requirements for emergency escape and rescue openings in sleeping rooms and the sill heights and sizes of the emergency escape openings in sleeping rooms have varied through the years. The Standards of Practice do not require inspectors to determine if light fixtures are approved for wet locations or to report such installations as a deficiency.
The specific requirement to report the deficiency takes precedence over the general limitation against inspecting an photoelectric sensor. The listing agent represents the seller and has a duty to present all offers in a timely manner to the seller. There is no prohibition against a license holder presenting more than one offer at a time to a seller.
A seller may receive, review and negotiate several offers simultaneously. The Commission can issue an order revoking the license of a locator found to have engaged in this practice.
Under the Standards of Practice found in Rules Please see the Texas State Board of Plumbing Examiners TSBPE website to determine whether any of your activities may be in violation of their statutes or rules governing plumbers, such as advertising that you specifically inspect aspects of plumbing systems that may require a license from the TSBPE.
Also, please review the advertising rule for inspectors found at Rule However, it is often possible to locate gas shut-off valves either behind or near appliances such as in the cabinet next to the range. If a gas shut-off valve cannot be located, this should be reported. This form RSC-2 is required only when a residential service company agrees to pay a license holder for a service provided to or on behalf of the company.
The form should indicate which license holders have received or will receive the payment. If a license holder is not receiving a payment from the company, this should be noted as well. For all practical purposes, yes. If a license holder prefills this information, the license holder must ensure that the text of the IABS Form is copied verbatim and that spacing, borders and placement of text on the page appear identical to that in the promulgated IABS Form.
Please note that an inspector is not required to designate a condition as safe. The absence of an anti-entrapment cover in a spa is not a required reporting item.
None of the issues you listed would necessarily be required to be reported as deficiencies; this determination depends on several factors, such as the design of the system. Unless specifically indicated otherwise, the Standards of Practice only address items that are present at the time of the inspection. Yes, Section The Standards of Practice do not address insulating covers or blankets on water heaters.
Inspectors are not required to remove water heater covers to inspect the water heater. However, if the cover is not removed, and its presence interferes with the inspection of any part of the water heater, the inspector must advise the client and report the resulting limitations of the inspection in accordance with the departure provision, Section Question is not clear.
Some gas shut off valves are safety or emergency shut off devices and some are not. As the type of valve in question is not defined, no answer can be provided. It could be. 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. Neither loose carpet nor floor squeaks, without further evidence of deficient conditions, is required to be reported as deficient.
In Texas, any person who reports on wood destroying insects in a home must be licensed by the state as a wood destroying insect inspector. Some TREC licensed home inspectors are also licensed wood destroying insect inspectors, and therefore, may inspect a home for termites, etc.
They should comment on visible damage regardless of the underlying cause and note it as a deficiency on their report, but may not assess that the damage was specifically caused by wood destroying insects.
The termination option is a negotiable contract term. However, if you pay the seller an agreed option fee, you have the unrestricted right to terminate the contract for any reason if you give written notice to the seller during the option period.
A buyer can use the option period to perform an inspection of the property and negotiate an amendment to the contract for any necessary repairs as a result of the inspection. Texas law does not permit dual agency.
Under the current law, a broker must agree to act as an intermediary in accordance with the statute if the broker agrees to represent more than one party in a transaction. Yes, as long as the ad complies with Rule When a rental locator represents an apartment complex, the locator needs the consent of the apartment complex. When the rental locator represents a tenant and not an apartment complex, as demonstrated by a written representation agreement or other evidence of representation, the locator is not required to obtain the consent of the apartment complex because the complex is not his client.
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. The formation of a real estate contract requires "consideration" for the contract to be binding. In general, the buyer's promise to buy and seller's promise to sell is consideration. Although the TREC contract forms include a provision for the deposit of earnest money, if the buyer fails to deposit the earnest money the buyer is considered in default of the contract, and the other party may then exercise the remedies under paragraph 15 of the contract.
However, TREC is unable to make a determination as to whether your contract is binding. You should discuss the validity of your contract with a private attorney. Once a binding agreement has been created, a license holder handling the check must deposit the earnest money in a timely fashion in accordance with the contract terms.
No, the permission may be in writing or oral. If the permission is given over the telephone, for example, the license holder should document who gave the permission and how it was given in case that information is later requested by TREC in connection with a complaint. You can ask the original broker to release you from the agreement or contact a private attorney to advise you if you can terminate the listing agreement in some other fashion. TREC does not have the authority to require a broker to release you from a listing agreement.
The Commission can not make a determination about the validity of your contract. You should consult a private attorney regarding this issue. Neither option is permissible.
The buyer should only choose Paragraph 7D2 if there are specific repairs known at the time of the contract that the buyer wants the seller to pay for. Otherwise, the buyer should check Paragraph 7D1. During this option period, an inspection can be performed and if specific repairs are identified, the parties can negotiate to amend the contract to address these items, or the buyer can terminate the contract.
If the seller has accepted your offer, you may have a binding contract. There is no automatic three-day or 72 hour cooling off period for you to change your mind like in some other consumer contract situations. Any rights that you have to terminate the contract will be contained in the contract.
You should consult with a private attorney for advice regarding termination of your contract. There are many different codes that can figure into the construction of a house, depending on when it was built and local amendments. TREC does not require inspectors to inspect to any of the various building codes and cannot assist you in determining what code provisions were applied in a particular situation. If you have questions about your inspection report, you should ask your inspector for the basis of his statement.
You may also wish to contact your local code enforcement authority for more information about relevant codes. In inspecting an attic with a powered ventilator, which is not required to be operated, the inspector should perform a visual inspection and consider the totality of the ventilation system.
Information regarding fire ratings of doors is often obscured by paint. In that case, inspectors are required to do their best to determine whether the door is fire-rated and to report accordingly.
In some instances, the inspector will only be able to report that he or she was not able to determine whether the door was fire-rated or that the door appeared to be or did not appear to be fire-rated.
At a minimum, bathrooms and water closets that that do not have an operative window must be reported as deficient if they lack an exhaust fan that vents to outside air. Typically, the buyer's agent collects the option fee upon final acceptance of the terms of the contract and delivers the option fee check to the seller's agent. Paragraph 23 in the Family Residential Contract provides "If no dollar amount is stated as the Option Fee or if the Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract.
If the fee is not paid and the parties need help interpreting this provision, they will need to consult with a private attorney.
The Commission does not have jurisdiction over title companies. While a license holder is encouraged to assist the parties in the exchange of the necessary earnest money release and need to sign the release as appropriate, there is nothing in TRELA or the Rules to determine who is entitled to the earnest money.
You will need to consult a private attorney. A license holder must disclose the fact that he or she represents a party upon the first contact with another party or a license holder representing another party. This disclosure may be oral or in writing.
Each day a violation continues can be considered a separate violation for imposition of the administrative penalties. An unlicensed person may not engage in any activity for which a license is required. Complete the complaint form on our website by answering each question.
Be sure to sign it. Attach additional sheets as needed to fully explain your complaint. When applicable attach clear and complete copies of all related documents. Do not send originals. For example, if your complaint is about an inspection report, attach a copy of the report or state why it is not available.
You will be notified by email or mail that your complaint has been received. If an investigation is opened, each person against whom the complaint is filed will receive a copy of the complaint.
Disciplinary action could include a formal reprimand, the suspension or revocation of a license, payment of an administrative penalty, or other appropriate action.
Investigations and the disciplinary process differ in complexity and duration, so providing a time of completion is not possible. If a license holder is convicted of a felony or a criminal offense involving fraud it is a violation of section This section gives the Commission authority to suspend or revoke a license holder that has entered a plea of guilty or nolo contendere or has been convicted of a felony or any criminal offense that involves fraud including misdemeanors.
The Commission does not have the authority to revoke or suspend a license holder that has been only charged or accused of committing a felony or criminal offense that involves fraud. 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.
Failing to timely notify may result in more severe or further disciplinary action. A hydrostatic test is a way in which pipeline, plumbing, gas cylinders, boilers, and fuel tanks can be tested for strength and leaks. The testing pressure is always higher than the normal operating pressure of the system. Associated broker means a broker who associates with and is paid through another broker under a relationship that is intended to be a continuous relationship, including but not limited to, an employment or ongoing independent contractor relationship.
An intermediary is a broker who negotiates the transaction between the parties when the broker or a sales agent sponsored by the broker has obtained consent from the parties to represent both the buyer and the seller. The broker intermediary may, with the written consent of the parties, appoint separate individual license holder associated with the broker to work with and advise the party to whom they have been appointed. Generally, in Texas, filing an assumed business name is required to put the public on notice that you are doing business under a name other than your legal name.
For most business entities, the assumed business name is filed with the Secretary of State. For a general partnership or individual broker, the assumed business name is filed with the county clerk in the county or counties where you do business. 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.
A commission or fee includes any form of compensation received for engaging in an act for which a license is required, essentially anything of value. We are unable to provide a general definition. 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. If the broker appoints an associated license holder to represent the seller and another associated license holder to represent the buyer, the individual agents may offer advice and opinions regarding the real estate transaction to the party each has been appointed to represent.
Appointments provide the agents the opportunity to provide a higher level of service to their clients. After an Fitness Determination FD request is filed and all required documentation is obtained either initially or following subsequent requests for additional information , TREC will investigate the information and make a determination. Providing a complete form and promptly sending any requested documentation will decrease the processing time of an Fitness Determination FT. However, Rule In addition, pursuant to Chapter 53 of the Texas Occupations Code www.
It is the responsibility of the applicant to provide that evidence to TREC. This form is on our website here. A resolution, minutes or other official record of the business entity.
We also accept copies of tax records which indicate ownership. TREC's jurisdiction over real estate inspections is limited to inspections performed for a buyer or seller of real property in connection with a transaction.
However, if you are not a member of TAR, you should have an attorney draft the necessary documents. It is a violation of the law for a license holder to draft an instrument that transfers or otherwise affects an interest in real property.
Written and signed complaints are accepted against the following types of businesses: real estate brokers and sales agents, real estate inspectors, TREC-approved education providers for real estate and inspection courses, timeshare developers, easement and right-of-way agents, and unlicensed persons engaging in any of these activities.
TREC does not have jurisdiction over licensed repair providers. You may want to check with Texas Department of Licensing and Regulation to see if they regulate the providers. You may also want to consult with a private attorney regarding your legal rights as a homeowner. The broker must provide a monthly accounting of trust money if there has been any activity in the account. See [Rule If the required documents were previously submitted in a prior application, the applicant may explain this fact.
However, because TREC must dispose of certain documents in accordance with a records retention plan, TREC may no long have those documents and an applicant should be prepared to resubmit documents and the explanation previously submitted. If the license holder did not participate in that specific transaction, he cannot state or imply that his actions resulted in the sale of that property.
A broker must review all ads to ensure this result is avoided. 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. Assumed Business Name: Broker [Rule Team Name: Broker [Rule Remember -- all these types of names must be registered with TREC before use in advertising.
None of the forms promulgated by TREC are intended for use as a contract for deed. An attorney will need to prepare an appropriate form. More FAQ s. Code Texas Real Estate Commission. Javascript is disabled in your browser. This site requires javascript. License Holder Search. Related Pages. More Pages. Related Forms. Frequently Asked Questions. Is a starter course tab that is not sealed material, deficient and a required reporting item per TREC?
Are there any restrictions on the placement of a license holder's signs? Can I use a power of attorney to engage in a real estate brokerage transaction without a real estate license? Does TREC have a promulgated buyer representation agreement?
I am a Texas broker. Can I broker real estate located in another state? I am a sales agent, Sally White. I am sponsored by a broker but want to use an assumed name for my advertisements. I am a sales agent.
I am licensed as a real estate sales agent and as a professional home inspector. Can my broker's real estate office offer my inspection services to their clients?
I am the listing broker. An attorney has presented an offer from a buyer that the attorney represents and wants me to share my commission.
Can I do this? Can you help? I signed a buyer representation agreement, but I want to work with a different Broker.
Can I cancel the agreement? I went on a tour to inspect unimproved lots. The guide was not licensed, but she showed us the lots and told us about possible developments on the land. Is this legal? What must I do? If I am buying, selling or leasing property for a relative, do I need to disclose that I have a real estate license?
Yes, on the first contact with the license holder representing the buyer. If a licensed professional inspector is conducting a commercial inspection, is he or she required to use the inspection report form promulgated by TREC? Do the Standards of Practice apply? Is a broker required to have a trust or escrow account? Is the inspector required to inspect a water metering device to determine if a leak may exist? Is the inspector required to perform any inspection of the meter?
Is the inspector required to inspect to trade or industry association standards? Is the license holder required to provide the "written statement" IABS Form to buyer prospects at an open house? Can I take the buyers I represent with me to the new broker if the buyers signed buyer representation agreements? Can TREC recover damages for me? My corporation owns property.
Does an employee of the corporation need a license to sell or lease the property? What is considered an advertisement?
A licensed real estate agent acted very rude, unprofessional or made disparaging and offensive comments on social media.
A residential service company is paying me a fee to advertise for it. A residential service contract is part of a transaction but I am not getting paid by the residential service company. Are inspectors required to inspect underground drainage systems or to test gutters or downspouts? Are inspectors required to mark and or comment as deficient the absence of tamper resistant receptacles? The Standards of Practice do not address tamper-resistant receptacles.
Although this is not mandatory, it may still be placed on a sign. Are the disclosure and statutory information requirements applicable to commercial transactions, new home sales, farm and ranch sales or transactions other than residential sales? Are there exceptions when the disclosure notice about agency relationships IABS is not required? As a broker, am I the only person who can sign a check written on my trust account?
Neither I nor anyone in my company is a licensed wood destroying insect inspector, but we recommend or provide one if requested by the client. As a licensed inspector in the State of Texas, am I supposed to charge a sales tax on the amount of my inspection fee?
Can I advertise a service provider such as an inspector, moving company, or repair contractor on my website? Can I be paid a commission or referral fee if my license is inactive or expired? Can I find out online if there have been any disciplinary actions against an agent? Can TREC obtain reimbursement of commissions paid by buyers and sellers to brokers and sales agents for compensation in real estate transactions?
Can TREC provide legal advice? Can a broker be the designated broker for more than one business entity? Can a broker pay all or a portion of a commission or fee to an unlicensed person? Can a broker use the words "team" or "group" in the broker's licensed name or assumed business name?
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 license holder hold a gift giveaway of any prize regardless of its value as long as entry into the giveaway is not limited to only those that refer a prospect for a real estate transaction? Can a license holder offer or pay cash to an unlicensed person for referring a potential lessee or buyer?
Can a license holder rebate a portion of his commission to a seller? What about a buyer? This is a donation and not a rebate. Can a license holder who negotiates a transaction also be employed by a lender and direct a purchaser to that lender to get a loan? No, only a licensed plumber may perform a hydrostatic test on a system within a home.
Can a name used in advertising be both an assumed business name and a team name? Can a non-license holder use the promulgated contract forms?
Can a real estate license be revoked because a license holder files for bankruptcy? Can a sales agent be the owner of a property management company?
If so, does that entity have to be licensed as a real estate broker? Can a sales agent own his or her own real estate business entity? Can a sales agent receive or pay a commission to a party in a real estate transaction? Can all or part of the educational hours be waived in view of a person's business experience? Can an associated broker refer to himself or herself as a "broker" in an advertisement?
Can an inactive license holder negotiate the purchase, sale, or lease of real property between third parties? Can an unlicensed person own a real estate company and receive all or a portion of a commission paid to a licensed broker? Can the intermediary delegate to another license holder the authority to appoint license holders associated with the broker intermediary? Do I have any recourse against the inspector for failing to note on his report that there was a gas leak outside the home due to a corroded gas line?
Do I need a license to act as an on-site manager of an apartment complex? Do I need a license to lease or rent real property if I am an employee of the property owner? Do I need a license to sell a builder's new houses? Do I need a license to sell or lease cemetery lots? Do I need a real estate license to sell a campground membership? Do partnerships need to be licensed if real estate brokerage activity is performed under the partnership name?
Do the Standards of Practice require inspectors to determine the headroom clearance on stairs or to report inadequate clearance as a deficiency? Do the Standards of Practice require inspectors to report as deficient a gas log fireplace with a damper that has not been blocked open? If so, what is the minimum distance the damper should be open? Do the Standards of Practice require inspectors to report as deficient a plumbing fixture that does not fully drain, retaining a slight amount such as a few cups of residual water?
Do the Standards of Practice require inspectors to report as deficient evidence of a past attic fire? Do the Standards of Practice require inspectors to report as deficient the absence of weep holes along the bottom course of brick and above steel lintels? Do the Standards of Practice require inspectors to report as deficient the lack of a dishwasher power receptacle in an adjacent cabinet for example, under a kitchen sink?
Do the Standards of Practice require inspectors to report as deficient the presence of a transite pipe to be reported? Inspectors are not required to report the presence of transite pipe as a deficiency.
Do the Standards of Practice require inspectors to report copper gas lines as deficient? Do the Standards of Practice require inspectors to report double-tapped neutral wires on a panel box terminal as deficient?
Does TREC consider a sign on a building to be an advertisement? Does TREC have a promulgated listing agreement form? Does TREC have an improved commercial earnest money contract form?
Does TREC mediate complaint matters between a complainant and a license holder? Does TREC mediate contested complaint matters? Does TREC require a trust or escrow record to be maintained for a specific period of time?
Does a lease for a term of longer than one year and a contract for the sale of real estate need to be in writing to be enforceable? Does a license holder have to use TREC's contract forms? Does TREC ever discipline a license holder who fails to use an adopted form? Does a property manager have to be licensed? How are days counted in a TREC contract? How can an out-of-state broker sell land in Texas? How long does a license holder have to keep financial and real estate transactions on file?
I already have a license. Do I have to tell you about my crime? I typically negotiate the resale of the properties for the corporation.
Must I disclose my licensed status? I am also a licensed real estate sales agent. May I both inspect the home for and sell to the same person? I am a sales agent and am not sure how to fill out the listing agreement form.
Can you help me? I am a seller and I signed a contract with a buyer. Before the earnest money was deposited, the buyer backed out. Am I entitled to the earnest money? I am a tenant and having problems with my landlord getting him to make repairs. Also, I sent the landlord the rent on time but the landlord is still threatening me with eviction and late charges. What are my rights as a tenant? Do I get to take my listings with me?
I am having a dispute with my Homeowner Association HOA regarding violating neighborhood restrictions. I am not currently performing inspections, but I'd like to maintain my license. Is there a way for me to do that without going to the expense of obtaining insurance?
I bought a house from Sam Seller through broker Bob Brown three months ago. I did not get it inspected since the seller and the broker said everything was in good shape. Yesterday, I discovered a big problem with the house that was never disclosed to me.
I have given the builder a list of things that need to be repaired but the repairs have not been made and my warranty is about to expire.
I discovered that a real estate license holder is also a licensed mortgage broker. With what agency should I file a complaint? If the individual was only acting in one capacity, you should file the complaint with the agency that regulates that function I have a property management company and engage in leasing activity.
May I have some of my unlicensed employees solicit business for me? A rental agent who solicits a prospect by phone must be licensed. I have moved my sponsorship to a new broker, can my prior sponsoring broker pay me a commission directly for a tranction or referral?
I just bought a house and noticed that the title company I used made a mistake at closing. I listed my property for sale with a broker and the broker has done nothing about selling the house.
Can I break my contract and list with someone else? I only represent buyers. Can I advertise that I will rebate a part of my compensation to the buyer?
I recently purchased an older home that was inspected before the purchase. After living in the home a few weeks, the dishwasher started leaking and had to be replaced. Can you explain them to me? I signed a contract to purchase a timeshare interest yesterday. Last night I reconsidered. Can I back out? Can you explain the terms to me? I think my inspector was negligent in performing the inspection.
My brother-in-law says I might be able to recover a judgment. Do I have to file a complaint first? I was trying to buy a house and the earnest money was deposited in the broker's escrow or trust account. The transaction has fallen through and now the broker won't return the earnest money. I will be holding the security deposit for an owner whose property I am managing. In what type of account should a security deposit be placed?
If a broker has an exclusive listing with a seller, may another broker solicit a listing from the same seller that would begin after the other listing expired? If a buyer wishes to have a hydrostatic test performed on a home, what is required for a seller to consent to such a test? If a homeowner wanted to hire a consultant to perform a cursory, major defect visual inspection, including the foundation, roof, plumbing, electrical, and major appliances, would TREC require any written report?
If a real estate broker has an escrow account, can the broker keep any interest that is earned on the money on deposit? Is a broker required to act as an escrow agent or hold the money of others? No, not unless the broker agrees to do so. Is a broker responsible for the actions of a sales agent who owns his or her own real estate business entity? This website contains information on licensure and regulation of food manufacturers , food wholesalers, and warehousing facilities.
For information on other topics, please see the program websites listed below:. In addition to the regulatory responsibilities, focus is directed to food safety and the education of firms that manufacture and wholesale food in the State of Texas. Sign up to receive email updates about important changes to the Food Manufacturers and Wholesalers Program. This feature will serve as a tool to increase communication with license holders regarding new information added to the website. Mailing addresses may be found on the contact page.
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