TREC Now Requires Your Supervisor's Name

By
Real Estate Broker/Owner with Coldwell Banker United, Realtors 713-581-4702 0524744
http://actvra.in/9Q9

How to correctly fill out the Licensed Supervisor of Associate field on revised TREC forms


The April issue of
Texas REALTOR® magazine addressed how licensees should fill out the Licensed Supervisor of Associate field within the Broker Information box on revised TREC forms. The Texas Real Estate Commission has changed those instructions. Here's how TREC instructs licensees to fill out that field.

 

You're a salesperson

Fill in your sponsoring broker's name unless your sponsoring broker has designated someone to supervise your day-to-day activity. If your sponsoring broker has designated someone to supervise you, such as a team leader or branch manager, fill in that designated supervisor's name. If your sponsoring broker is the firm itself and there is no other designated supervisor, fill in the name of the designated broker for the firm. Generally speaking, the supervisor must be a licensee and the designation as a supervisor must be made in writing and maintained in the firm's files.

 

You're a broker-associate

Fill in the designated broker for the licensed firm unless you have a written agreement with the firm that another licensee has supervisory authority over you. In that case, fill in that licensed supervisor's name. If you're a broker-associate of a firm but solicit and take listings or enter into buyer's representation agreements under your own name—and not the firm's—then fill in your name.

 

You’re a solo broker

Fill in your name.

 

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Whether you're interested in buying your first home, your next home, or just want to know more about home-ownership in general, I encourage you to check out a couple of great online resources: http://www.texasrealestate.com/ or http://www.har.com/. And for all of your Pearland, TX and Northern Brazoria and Galveston County real estate needs, please visit my site at: http://www.danfrankrealty.com. All of these sites offer tons of useful, real estate-related information geared specifically for Texans.


Remember, Danny Frank is a local Pearland, TX Real Estate expert! You can see my entire blog at:  
http://www.pearlandrealtyblog.com

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James Loftis
Real Estate 911 Inc - Hollywood, FL
Real Estate 911 Inc

Good information to know, thanks for sharing

May 15, 2011 10:23 AM #1
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