Shocking TREC Complaints: What's REALLY Happening In Real Estate?
The texas real estate commission (trec) is the state agency in texas that licenses and regulates real estate professionals, including sales agents, brokers, inspectors,. In addition to receiving complaints, trec staff may file a complaint and conduct an investigation as necessary to enforce the statutes found in chapters 1101 and 1102, texas occupations. Sometimes, a client who feels they were truly wronged by something you or the other partys agent did or didnt do will go as far as filing a complaint with the texas real. However, trec does maintain a real estate recovery trust account to pay for judgments that courts may award people in lawsuits against real estate sales agents or brokers. As long as the complaint alleges conduct that could.
However, an agent can be proactive and reduce the chances of seeing one come. In this article, i aim to highlight several of the most common trec complaint categories against agents. My goal is to show how these complaints and violations can be. In 2023, the texas real estate commission (trec) opened 6,307 enforcement cases. 86 of those involved inspectors. The commission has jurisdiction to investigate a complaint that is filed within four years from the date of inspection. Negligence, rebate, referral, earnest money, and other sales issues were the highest types of complaint allegations the texas real estate commission received from september 2018 to. Complaints can lead to fines, license suspensions, and license revocations. Therefore, you should always act quickly to get legal advice from a texas real estate license defense attorney when.
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