Final answer:
The Texas Real Estate Commission may suspend or revoke a license due to fraudulent dealings, failure to disclose information, commingling of funds, criminal convictions, noncompliance with TREC orders, impersonation, unlicensed brokerage activity, or not maintaining professional liability insurance.
Step-by-step explanation:
Reasons for Suspension or Revocation of a Real Estate License by the Texas Real Estate Commission
The Texas Real Estate Commission (TREC) may suspend or revoke a real estate license for various reasons. These actions are typically taken as a result of violations of the Texas Real Estate License Act or TREC Rules. Some of the reasons include:
Fraudulent or dishonest dealings.
Failure to disclose required information to a client or to obtain a client's consent.
Commingling money of clients with the agent’s personal funds.
Conviction of a felony or a crime involving moral turpitude.
Failure to comply with an order issued by TREC.
Impersonation of another licensed real estate professional.
Practice of real estate brokerage without an active license.
Failure to maintain required professional liability insurance.
These are only examples of the types of conduct that can lead to disciplinary actions by TREC. The commission aims to ensure that all licensed professionals adhere to the highest standards of ethics and professionalism, thereby protecting the public interest.