Under 22 TAC §535.2, before a sponsored sales agent begins performing real estate brokerage activities, the sponsoring broker must do which of the following?
A. File a copy of the sponsorship agreement with the county clerk where the agent resides
B. Obtain a separate broker's license specifically covering that agent
C. Notify the sales agent in writing of the scope of the activities the agent is authorized to perform
D. Require the agent to post a personal surety bond with TREC
Source: 22 Tex. Admin. Code §535.2(a) — Broker Responsibility, requires a broker to notify a sponsored sales agent in writing of the scope of the agent's authorized activities; https://regulations.justia.com/states/texas/title-22/part-23/chapter-535/subchapter-b/section-535-2/ (statutes.capitol.texas.gov / sos.texas.gov TAC mirrors frequently return only a nav-shell to fetch tools, so this Justia/Cornell mirror is used)
Broker Dana delegates day-to-day supervision of five sales agents on her team to a licensed team leader. Under 22 TAC §535.2(e), what is the legal effect of this delegation on Dana's own supervisory responsibility?
A. Dana retains overall responsibility for supervision of the sponsored agents even after the delegation
B. Dana is fully released from supervisory responsibility once the delegation is signed
C. The delegation transfers Dana's broker license to the team leader for the delegated agents
D. TREC automatically voids any delegation lasting longer than 30 days
Source: 22 Tex. Admin. Code §535.2(e) — delegation of supervisory duties must be in writing and does not relieve the broker of overall responsibility; https://regulations.justia.com/states/texas/title-22/part-23/chapter-535/subchapter-b/section-535-2/
A broker delegates supervision of a newly licensed sales agent to another license holder, and the delegation is anticipated to last five consecutive months. Within how many days of that delegation must the broker report it to TREC in writing?
A. 10 days
B. 30 days
C. 60 days
D. 90 days
Source: 22 Tex. Admin. Code §535.2(e) — a delegation of supervisory duties lasting or anticipated to last more than three consecutive months must be reported to the Commission in writing within 30 days; https://www.texasrealestate.com/members/posts/trec-rule-change-shortens-time-requirements-for-delegated-supervisors/
A sponsored sales agent submits a written question to her sponsoring broker about the scope of her authorized activities. Under 22 TAC §535.2, within how many calendar days must the broker respond?
A. Two calendar days
B. Five business days
C. Ten calendar days
D. There is no specific response deadline
Source: 22 Tex. Admin. Code §535.2(j) — a broker must respond to a sponsored sales agent's request within two calendar days; https://regulations.justia.com/states/texas/title-22/part-23/chapter-535/subchapter-b/section-535-2/
TREC sends correspondence addressed to a sponsored sales agent to the agent's sponsoring broker. Under 22 TAC §535.2, within how many calendar days must the broker forward that correspondence to the agent?
A. Three calendar days
B. Immediately, with no grace period
C. Fifteen calendar days
D. Thirty calendar days
Source: 22 Tex. Admin. Code §535.2(k) — a broker must deliver Commission correspondence intended for a sponsored agent to that agent within three calendar days; https://regulations.justia.com/states/texas/title-22/part-23/chapter-535/subchapter-b/section-535-2/
