Question

Every broker must display the Consumer Protection Notice TREC No. CN 1-2 in a readily noticeable location in each place of business the broker or inspector maintains.

Answer 1

Brokers and inspectors are required to display the Consumer Protection Notice TREC No. CN 1-2 in a visible area within their business premises to inform consumers of their rights in real estate transactions.

Step-by-step explanation:

The statement refers to a regulation for brokers and inspectors about the display of a Consumer Protection Notice issued by the Texas Real Estate Commission (TREC). The notice, identified as TREC No. CN 1-2, is a legal requirement that aims to inform consumers of their rights and the duties of real estate professionals.

This notice must be placed in a readily noticeable location within each business establishment maintained by the broker or inspector. The purpose of this requirement is to ensure transparency and consumer awareness about the protections available to them when they engage in real estate transactions.