Tex. Occupations Code § 1101.601
This is the official text of Tex. Occupations Code § 1101.601, part of Texas’s Occupations Code — governs professional and occupational licensing.
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§ 1101.601. REAL ESTATE RECOVERY TRUST ACCOUNT.
Official statutory text
(a) The commission shall maintain a real estate recovery trust account to reimburse aggrieved persons who suffer actual damages caused by an act described by Section 1101.602 committed by:
(1) a license holder;
(2) a certificate holder; or
(3) a person who does not hold a license or certificate and who is an employee or agent of a license or certificate holder.
(b) The license or certificate holder must have held the license or certificate at the time the act was committed.
(1) a license holder;
(2) a certificate holder; or
(3) a person who does not hold a license or certificate and who is an employee or agent of a license or certificate holder.
(b) The license or certificate holder must have held the license or certificate at the time the act was committed.
Status: in_force · Read it on the official government site
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