Texas License Law
A Texas broker must maintain a written policy for each of the following EXCEPT:
AHow earnest money is handled in the brokerage
BHow the broker will supervise sponsored agents
CThe specific commission rates all agents must charge✓ Correct
DHow intermediary relationships will be handled
Explanation
TREC requires brokers to have written policies for trust account handling, agent supervision, and intermediary relationships. Brokers may not set specific commission rates for agents (this could be an antitrust violation); commission rates are negotiable.
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