What must a broker do when an agent resigns from their position?

When an agent resigns from their position, the broker is required to notify the Texas Real Estate Commission (TREC) by sending the Notice of Sales Agent Sponsorship Termination. This is a formal process stipulated by TREC to ensure that all changes in the sponsorship status of a sales agent are properly documented and recorded. The notice serves to update TREC’s records and allows for a smooth transition for both the agent and the broker.

Notifying TREC through a phone call would not provide a documented record of the termination, which is essential for regulatory compliance. Similarly, submitting a report or sending an email would not fulfill the specific requirement of using the designated Notice of Sales Agent Sponsorship Termination form. This ensures that TREC is informed in a consistent manner that meets regulatory standards.