Texas License Law
Under TREC rules, a sales agent who receives an earnest money check must deliver it to their sponsoring broker within:
A24 hours
B2 business days✓ Correct
C3 business days
D5 business days
Explanation
TREC rules require that a sales agent who receives earnest money must deliver it to their sponsoring broker no later than the end of the second business day after receiving it.
Related Texas Texas License Law Questions
- What is the minimum passing score on the Texas real estate sales agent exam?
- Texas Occupations Code requires that a real estate license holder complete how many hours of continuing education every two years to renew their license?
- A Texas sales agent who changes their mailing address must notify TREC within:
- A Texas real estate licensee's obligation to account for all money received in a transaction means:
- Under TREC rules, who is responsible for supervising the activities of a sponsored sales agent?
- A Texas real estate sales agent license is valid for how long after initial issuance?
- TREC has authority to take which of the following actions against a Texas licensee?
- Under Texas law, a person who violates Texas Occupations Code Chapter 1101 by performing real estate acts without a license may be subject to:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →