Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

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What must a broker do when using an assumed name in business?

Notify TREC within 60 days
Notify TREC within 30 days
No notification is necessary
Only inform clients of the name

The correct answer is: Notify TREC within 30 days

When a broker decides to use an assumed name, it is crucial to maintain compliance with regulatory requirements. In Texas, the broker must notify the Texas Real Estate Commission (TREC) within 30 days of using an assumed name. This requirement ensures that the name is officially recognized and that all business practices remain transparent and in accordance with state regulations. Prompt notification helps in maintaining the integrity of public records and allows prospective clients or consumers to identify the broker correctly and easily. While other options mention varying times or suggest no notification is necessary, the 30-day timeframe is specific to Texas regulations, highlighting the importance of timely communication with TREC to avoid potential penalties or operational issues.