Texas Real Estate Commission

Acronym:

TREC Enforcement

Can a license holder offer to give a $50 gift card to an unlicensed person for referring a potential lessee or buyer?

Can a license holder offer or pay cash to an unlicensed person for referring a potential lessee or buyer?

Can a rental locator rebate a portion of the rental locator’s fee received from the apartment complex to a prospective tenant if the tenant uses the locator’s services?

Can a license holder rebate a portion of the license holder’s commission to a church or other non-profit organization of the license holder’s choosing or one of the principals’ choosing?

Can a license holder rebate a portion of his commission to a seller? What about a buyer?

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?

Does TREC require a trust or escrow record to be maintained for a specific period of time?

As a broker, am I the only person who can sign a check written on my trust account?

If a real estate broker has an escrow account, can the broker keep any interest that is earned on the money on deposit?

Does a trust account have to have a special name?

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