Laws that Address Penalties and Liability Issues Flashcards
Subchapter O addresses _
The procedures the commission will employ to assess an administrative penalty for anyone who commits an act in violation of the license act or any commission rule
Sec. 1101.702. Amount of Penalty says that the amount of an _
Administrative penalty may not exceed $5k for each violation
Sec. 1101.705. Hearing, Decision says that if the person requests a _
Hearing, the Executive Director must set a hearing and give notice of the hearing to the person
Subchapter P addresses civil penalties for _
Violations by brokers, salespersons, and certificate holders and it also addresses penalties for unlicensed persons
Subchapter Q deals with a licensee’s liability pertaining _
To certain disclosures and also discusses a broker’s responsibility for the acts and omissions of any of his/her affiliated licensees
