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Can an aggrieved consumer collect from the real estate recovery trust account if the person posing as a sales agent or broker was not actually
Can an aggrieved consumer collect from the real estate recovery trust account if
the person posing as a sales agent or broker was not actually licensed to practice
real estate nor affiliated with real estate? related business?
No
Yes, the fund is to compensate for misdeeds in all real estate transactions.
Yes, TREC has wide discretion on the awarding of funds, including to victims
who were not directly involved in the transaction.
Yes, the Commission may award funds from the trust account even if a real
estate transaction was only a small part of the overall transgression.
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