Sec. 1101.653. GROUNDS FOR SUSPENSION OR REVOCATION OF CERTIFICATE. The commission may suspend or revoke a certificate of registration issued under this chapter if the certificate holder:
(1) engages in dishonest dealing, fraud, unlawful discrimination, or a deceptive act;
(2) makes a misrepresentation;
(3) acts in bad faith;
(4) demonstrates untrustworthiness;
(5) fails to honor, within a reasonable time, a check issued to the commission after the commission has mailed a request for payment to the certificate holder's last known address according to the commission's records;
(6) fails to provide to a party to a transaction a written notice prescribed by the commission that:
(A) must be given before the party is obligated to sell, buy, lease, or transfer a right-of-way or easement; and
(B) contains:
(i) the name of the certificate holder;
(ii) the certificate number;
(iii) the name of the person the certificate holder represents;
(iv) a statement advising the party that the party may seek representation from a lawyer or broker in the transaction; and
(v) a statement generally advising the party that the right-of-way or easement may affect the value of the property;
(7) directly or indirectly accepts a financial incentive to make an initial offer that the certificate holder knows or should know is lower than the adequate compensation required under the Texas Constitution; or
(8) disregards or violates this chapter or a commission rule relating to certificate holders.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 826 (H.B. 2730), Sec. 4, eff. January 1, 2022.
Structure Texas Statutes
Title 7 - Practices and Professions Related to Real Property and Housing
Subtitle A - Professions Related to Real Estate
Chapter 1101 - Real Estate Brokers and Sales Agents
Subchapter N. Prohibited Practices and Disciplinary Proceedings
Section 1101.651. Certain Practices Prohibited
Section 1101.652. Grounds for Suspension or Revocation of License
Section 1101.653. Grounds for Suspension or Revocation of Certificate
Section 1101.655. Revocation of License or Certificate for Claim on Account
Section 1101.656. Additional Disciplinary Authority of Commission
Section 1101.6561. Suspension or Revocation of Educational Program
Section 1101.660. Informal Proceedings
Section 1101.662. Temporary Suspension
Section 1101.663. Reapplying After Revocation, Surrender, or Denial