SCh1 Penalties Flashcards
1
Q
What are the criminal penalties of practicing real estate without a license in the state of Texas?
A
Class A misdemeanor
$4,0000 or 1 year imprisonment
Or both
2
Q
What are the civil penalties of practicing real estate without a license?
A
3x the amount of money received
3
Q
What are the administrative penalties of practicing real estate without a license?
A
TREC may assess and administrative penalty of up to $5000 per day for violation
