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6. How long does a license holder have to inform TREC of being found guilty of, pleading guilty, or nolo contendere to a felony?

(a) 30 days
(b) 60 days
(c) 90 days
(d) A license holder does not need to disclose this to TREC.

7. Sales agent Laura is one of your best friends and a licensed agent in your office. She was arrested for felony DWI 2 months ago in another part of Texas and has just been convicted. She calls you and asks what she needs to do about her license. What should you tell her?

(a) Advise her not to worry and it's possible TREC might not find out.

Answer :

For question 6:

In the context of licensing laws, a license holder who has been found guilty of, pleaded guilty, or nolo contendere (no contest) to a felony is required to inform the Texas Real Estate Commission (TREC). The correct timeframe for notifying TREC of such an event is 30 days from the date of the conviction or the plea agreement. Therefore, the correct answer is (a) 30 days.

For question 7:

Sales agent Laura, who has been convicted of a felony DWI 2 months ago, has an obligation to report this to TREC within the specified timeframe, which is 30 days of her conviction. It is important for her to adhere to this requirement to ensure that she remains in good standing with her professional responsibilities. Advising her not to worry and hoping TREC might not find out, as suggested in option (a), is not appropriate or ethical advice.

In summary, it's crucial for licensed agents to follow the regulations set by TREC, including timely reporting of legal issues, to maintain the integrity of their professional licensing and avoid potential penalties.

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