Question

James is a sales agent who is sponsored by best realty, and he is a member of the a-1 team. what must be done to ensure that james can use the team name in advertising?

Answer 1

His broker must register the team name that complies with the new regulations with TREC before he may use it in advertising.

What is a team name?

• The term "team name" refers to a name that is employed by one or more license holders that are sponsored by or connected to the same broker but are not the broker's actual name or an assumed business name.

• Team or group must be at the end of team names.
• Terms in team names that suggest the club is providing brokerage services independently of the broker are prohibited.
• Brokerage, corporation, and associates are a some of the forbidden words.
• As long as the team name ends with the words team or group, the phrases realty or real estate are permissible in the team name.

What is TREC?

• The governmental entity in charge of overseeing real estate practices in the state of Texas is called the Texas Real Estate Commission.
• The organization's main office is located in Austin at 1700 North Congress.
• TREC is made up of nine people who the governor appoints with the support of the Texas Senate.

Learn more about TREC here:

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