Texas License Law
TREC's Real Estate Recovery Trust Account can be accessed by a consumer who obtains a final judgment against a Texas licensee. To access the fund, the consumer must:
AFile within 60 days of the licensee's violation
BHave exhausted attempts to collect from the licensee and file within the statutory deadline✓ Correct
CObtain TREC's pre-approval before obtaining a judgment
DHave their complaint investigated by TREC first
Explanation
To access the Recovery Trust Account, a consumer must obtain a final judgment against the licensee, attempt to collect the judgment from the licensee, and file a claim with TREC within a specified period after the judgment becomes final.
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