Can I use “Sally’s Spectacular Properties” or “White Real Estate” for my business name on my advertising? See question regarding the difference between the types of names to figure out which one is appropriate for your situation. [Rule 535.16(b)]. Does the designated broker own 10% or more of a licensed business entity if the designated broker owns 10% or more of another business entity that owns 100% of the licensed business entity? Online Services is not accepting my temporary password. Only with appropriate disclosure and consent. We also accept copies of tax records which indicate ownership. d. You will not post any information intended to sell or advertise a business, product, or service. [TRELA §§ 1101.558-1101.561 and §1101.651(d)], Generally, in Texas, filing an assumed business name is required to put the public on notice that you are doing business under a name other than your legal name. If you have any questions about this article or the TREC form, you should send me an email by clicking here. If you need assistance, please contact the agency Monday, November 30 by phone or via email. The buyer may, however, seek to be released from the buyer representation agreement. Is the Disclosure of Relationship with Residential Service Company form required for every transaction? Can an attorney get a broker license without first being licensed as a sales agent? [TRELA §1101.351(c)], Yes, as long as the broker has the legal authority to use that name in the State of Texas and it is registered with TREC before it is used in advertisements. Am I required to complete the Legal Update I and Legal Update II courses? Note: I am a real estate professional, not a lawyer. A broker should also be aware that a complaint filed against a sponsored sales agent is also a complaint against the broker for the purpose of determining the broker’s involvement in the alleged violation and whether the broker properly supervised the sales agent. A new Addendum has been promulgated, the Addendum for Authorizing Hydrostatic Testing. ... Farm and Ranch Contract; Residential Condominium Contract (Resale) Promulgated Addenda. Contract Review: TREC Farm and Ranch Contract This continuing education class will review elements related to a farm and ranch transaction in Texas. TREC forms are intended for use only by trained real estate. What do I do? NAR is offering monthly training webinars on the latest changes to the Code of Ethics. a. (3) the communication is at an open house and the communication concerns that same property. [Rule 535.155(b)(4) and TRELA §1101.652(b)(23)], Yes, as long as the size of the broker’s name itself (not the whole logo) is at least ½ the size of the largest contact information. If a broker does not have a written agreement to represent the buyer, what recourse does the broker have if another broker “steals” a client? Texas Farm and Ranch Class 8/3/2017 Julie Floyd, Broker Assoc. No. For a general partnership or individual broker, the assumed business name is filed with the county clerk in the county or counties where you do business. [Rule 535.141(c) and (d)] A business entity can only provide the proper supervision by the personal involvement of the broker or by the broker’s delegation to a qualified supervisor. The license holder can work for a lender without breaching that duty, but the license holder can't direct a purchaser to any one lender. Course Instructor 30-9). 25-12. This disclosure may be oral or in writing. both the buyer and seller are presented with the Information About Brokerage Services by their respective sales agent at the time of the first substantive communication; the seller executes a Listing Agreement or other written document with the broker that authorizes the broker to act as intermediary and specifies in conspicuous bold or underlined print the conduct that is prohibited under TRELA §1101.651(d); and.