What is the penalty for violating the License Act as stipulated by TREC?

The penalty for violating the License Act, as stipulated by TREC, is indeed $5,000 per day. This reflects the seriousness of adhering to the regulations set forth by the Texas Real Estate Commission. Violations can include activities such as practicing real estate without a valid license or failing to comply with the various rules governing real estate transactions in Texas. The financial repercussions serve as a deterrent against non-compliance and emphasize the importance of maintaining ethical standards within the real estate profession. The specified daily penalty underscores the commitment of TREC to uphold the integrity of the industry and protect consumers.