The Texas real estate industry is complex and challenging, and as a licensed real estate agent, you may find yourself unintentionally in a difficult predicament. Although you may be abiding by the law in a professional manner, complicated disputes between homeowners or other individuals may put your career and livelihood at risk. A formal complaint by a client is a serious issue that should be addressed and handled by an experienced real estate attorney who understands the Texas Real Estate Commission.
If you are a licensed real estate agent in Texas, it’s essential to understand the Real Estate License Act, which establishes the standard of conduct for all licenses. The Texas Real Estate Commission (TREC) enforces this act, which applies to anyone who engages in real estate brokerage. It outlines the practices that may lead to the suspension or revocation of a license.
According to § 1101.652 of the Real Estate License Act, some of the most common reasons for the commission to suspend or revoke a license include:
- Acts of negligence or incompetence
- Engaging in dishonest or bad faith conduct
- Making material misrepresentations to potential buyers
- Failing to disclose known defects
- Making false promises likely to influence a person to enter into an agreement
- Commingling money that belongs to another person with the license holder’s own money
If a broker is found to have participated in any of the listed practices, the TREC may suspend or revoke the broker’s license, place them on probation, and set an administrative fine of up to $1,000 if needed. However, the accused broker has the right to stand before the TREC or a hearing officer and can appeal the decision to a district court.
Receiving a formal complaint from a client is a serious issue that should be handled by an experienced real estate attorney. The Texas real estate license defense attorneys at The Farah Law Firm understand the complexities of the real estate industry and are dedicated to helping their clients defend against any formal complaints.
Regardless of whether you’re a real estate agent or broker, The Farah Law Firm can help you with your case. Their team of experienced attorneys has years of experience dealing with defense cases, and they will work hard to help you defend your license and your livelihood.
The Farah Law Firm understands that unfair circumstances may hinder a real estate agent’s ability to practice their profession. That’s why they are committed to helping their clients overcome any challenges and succeed in their careers. Their attorneys work diligently to defend their clients and get their complaint dismissed.
It’s crucial to work with an experienced real estate attorney if you are facing a formal complaint from a client. The Farah Law Firm’s attorneys can help you navigate the legal process and protect your license and career. They will work with you every step of the way to ensure that you have the best possible outcome.
Being a licensed real estate agent in Texas comes with significant responsibilities. You must follow the guidelines established by the Real Estate License Act and the TREC to maintain your license and reputation. If you find yourself in a difficult situation, it’s essential to seek the help of an experienced real estate attorney. Contact us today to learn how our attorneys will work hard to defend your license and livelihood.Contact us