Article 2. Integrity
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A real estate broker or sales agent has a special obligation to exercise
integrity in the discharge of his or her responsibilities, including
employment of prudence and caution so as to avoid misrepresentation, in
any way, by acts of commission or omission
Sec. 1101.610 Payment Limits: Attorney's Fees
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payments from the trust account for claims, including attorney's fees,
interest and court cost, arising out of a single transaction may not exceed a
total of $50,000 regardless of the number of claimants. Payments from the
trust account for claims based on judgments against a single license or
, certificated holder may not exceed a total of $100,000 until the license or
certificate holder has reimbursed the trust account for all amounts paid.
Prescription
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Continous use of the land over a
Competent Parties
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Contracts executed by minors are generally voidable at the option of the
minor, but may be enforced by the minor against the adult party.
Practice Intermediary
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the broker must have the written consent of both parties, and the written
consent must state the source of any anticipated compensation.
Attorneys licensed in Texas
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, May represent clients in real estate transactions without a license.
Tax Equity and Fiscal Responsibility Act
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1. The Salesperson mush hold a real estate license. 2. The salesperson must
be paid on a commission basis. 3. The salesperson must have a written
contract with the broker specifying the salesperson is not an employee.
Lot and Block
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Commonly used in residential subdivisions and commercial developments,
the lot and block method of describing land most often refers to a
recorded map or plat.
An individual has four years
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from the date of an incident involving a license holder to file a complaint, if
he or she wishes to do so.
Article 1: Fidelity
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A real estate broker or sales agent has a special obligation to exercise
integrity in the discharge of his or her responsibilities, including
employment of prudence and caution so as to avoid misrepresentation, in
any way, by acts of commission or omission
Sec. 1101.610 Payment Limits: Attorney's Fees
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payments from the trust account for claims, including attorney's fees,
interest and court cost, arising out of a single transaction may not exceed a
total of $50,000 regardless of the number of claimants. Payments from the
trust account for claims based on judgments against a single license or
, certificated holder may not exceed a total of $100,000 until the license or
certificate holder has reimbursed the trust account for all amounts paid.
Prescription
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Continous use of the land over a
Competent Parties
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Contracts executed by minors are generally voidable at the option of the
minor, but may be enforced by the minor against the adult party.
Practice Intermediary
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the broker must have the written consent of both parties, and the written
consent must state the source of any anticipated compensation.
Attorneys licensed in Texas
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, May represent clients in real estate transactions without a license.
Tax Equity and Fiscal Responsibility Act
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1. The Salesperson mush hold a real estate license. 2. The salesperson must
be paid on a commission basis. 3. The salesperson must have a written
contract with the broker specifying the salesperson is not an employee.
Lot and Block
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Commonly used in residential subdivisions and commercial developments,
the lot and block method of describing land most often refers to a
recorded map or plat.
An individual has four years
Give this one a try later!
from the date of an incident involving a license holder to file a complaint, if
he or she wishes to do so.
Article 1: Fidelity
