When a broker holds earnest money or any money from property management activities in a trust account, how often is a broker required to account for that money?
If a real estate broker has an escrow account, can the broker keep any interest that is earned on the money on deposit?
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?