A.C. is licensed in Texas as a Real Estate Sales Agent. He was notified by TREC about concerns with his advertising of the name of his company – “AC Real Estate” – because this name gives the appearance that he is the one responsible for the operation of a real estate brokerage business, but he does not have a real estate broker’s license. It was also alleged that he paid a commission to a person other than a real estate license holder.
TREC’s Notice of Alleged Violations sought to impose a $66,750 Administrative Penalty against A.C., suspending A.C.’s real estate sales agent’s license for two years with 18 months of the suspension fully probated, and suspending his license until the Administrative Penalty was paid in full. We were able to negotiate an Agreed Order that A.C. would be reprimanded with no suspension, would pay an administrative penalty of $9,750 instead of $66,750 and complete a 30-hour course in marketing.