Texas License Law
A Texas agent who receives a commission check made payable to the agent personally (not to the broker) should:
ADeposit the check into their personal account and report to the broker later
BDeliver the check to the sponsoring broker since all compensation must flow through the broker✓ Correct
CKeep the check if the client wrote it to them directly
DReturn the check to the client without processing
Explanation
Under TREC rules, sales agents cannot receive compensation directly from a party to a transaction. All compensation must be paid through the sponsoring broker. The agent must deliver any directly received checks to the broker.
Related Texas Texas License Law Questions
- When TREC audits a Texas broker's trust account and finds that client funds have been commingled with the broker's personal or operating funds, TREC may:
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- Which of the following actions by a Texas licensee constitutes 'commingling' of funds?
- TREC has jurisdiction over all license holders in which types of transactions?
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