TREC TREC Complaint and Enforcement Process 3

Question 1

What is the statute of limitations for filing a complaint with TREC regarding a real estate transaction?

Accepted Answer

4 years from the date the violation occurred or was discovered

Answer

6 months from the transaction date

Answer

1 year from closing

Answer

No time limit — complaints may be filed at any time

Question 2

TREC may close a complaint without disciplinary action if:

Accepted Answer

Both A and B

Answer

The complainant withdraws the complaint

Answer

Insufficient evidence of a rule violation exists after investigation

Answer

The licensee agrees to take additional CE courses

Question 3

Which of the following is an example of a violation that TREC would NOT have jurisdiction to investigate?

Accepted Answer

A landlord-tenant dispute not involving a licensee

Answer

A licensee who misrepresented a property's condition

Answer

A broker who failed to supervise their agents

Answer

A licensee who commingled client funds

Question 4

Under TREC enforcement, a 'reprimand' is:

Accepted Answer

An official written censure that becomes part of the licensee's public record

Answer

The most severe sanction TREC can impose

Answer

A private warning with no public record

Answer

A requirement to take additional education only

Question 5

If a licensee's sponsor broker dies or closes their brokerage, the licensee's license status becomes:

Accepted Answer

Inactive until the licensee affiliates with a new broker

Answer

Automatically revoked

Answer

Active for 90 days to allow time to find a new broker

Answer

Expired immediately

Question 6

Which TREC sanction requires a licensee to complete specific educational courses as a condition of keeping their license?

Accepted Answer

Probation with education requirements

Answer

Revocation

Answer

Reprimand

Answer

License suspension