Texas License Discipline, Penalties & Recovery Fund

📋 The 1-minute cheat sheet

• TREC may investigate complaints and discipline licensees for violations of the Real Estate License Act.
• Sanctions can include reprimand, license suspension, or license revocation.
• TREC may impose administrative penalties for violations.
• Recovery fund: the Real Estate Recovery Trust Account compensates eligible consumers harmed by a licensee.
• Recovery payments require a valid court judgment against the licensee that goes unsatisfied.
• A licensee whose conduct triggers a payment from the account can have the license suspended until the amount is repaid.
• TREC handles enforcement and consumer claims under the Act.