What is the maximum administrative penalty TREC can impose per day?

The Texas Real Estate Commission (TREC) has the authority to impose administrative penalties for violations of the Texas Real Estate License Act and related laws. The maximum administrative penalty that TREC can impose is $5,000 per day for each violation. This means that if a licensee is found to be in violation of the act, TREC can impose a fine of up to $5,000 for each day the violation continues. This provision is significant because it underscores the importance of compliance with real estate laws and regulations, as the penalties can accumulate quickly if violations persist over time. Understanding the maximum penalty helps real estate professionals grasp the potential consequences of non-compliance and encourages adherence to legal standards within the industry.