Question

The TREC, under the law administers the education and recovery account. In that law there are maximum fines set by the legislature. Which of the following best describes these maximum fines?

a. $30,000.00 per licensee total and $15,000.00 total per transaction.
b. occurrences generally recognized as having a negative impact on the value of real estate.
c. Owner of real estate and Attorney in fact operation under a recorded power of attorney.

Answer 1

The maximum fines set by the legislature under the TREC law are $30,000.00 per licensee total and $15,000.00 total per transaction.

Step-by-step explanation:

The maximum fines set by the legislature under the TREC law are $30,000.00 per licensee total and $15,000.00 total per transaction.