What type of penalty can TREC impose for serious violations?

TREC has the authority to impose significant penalties for serious violations of real estate regulations, including fines and license suspensions. Fines can be levied as a financial repercussion for non-compliance with state laws and regulations, which serves both as a punishment and as a deterrent to prevent future violations. Additionally, license suspensions can occur for egregious misconduct, which prevents an individual from practicing real estate during the suspension period, thereby upholding the integrity of the profession and protecting the public. These measures are essential tools for TREC to ensure compliance, maintain professional standards, and enforce disciplinary actions effectively within the real estate industry in Texas.