Final answer:
TREC may assess an administrative penalty of up to $5,000 per day for violations of the License Act by unlicensed individuals or entities.
Step-by-step explanation:
TREC may assess an administrative penalty of up to $5,000 per day for violations of the License Act by unlicensed individuals or entities. This means that if someone or a business is operating in real estate without the proper license, they can be fined up to $5,000 for each day they continue to violate the License Act.