Friday, July 16, 2010

Do you need to disclose you are an inactive real estate licensee when selling or buying home in Texas?

Do you have to disclose you are a real estate licensee when buying or selling yourself home in Texas even your license is ';inactive'; ?Do you need to disclose you are an inactive real estate licensee when selling or buying home in Texas?
the first two answers above are wrong. if you are INACTIVE, you MUST disclose your status on the contract/paperwork/etc. if your license has been inactive/expired and thus revoked/cancelled, then you're not a licensed agent anymore. why wouldn't you want to disclose your licensing status? sounds a bit fishy NOT to disclose it, unless your license has been cancelled for not being reinstated in time.Do you need to disclose you are an inactive real estate licensee when selling or buying home in Texas?
Technically I don't think so but it can't hurt, can it? Call your state's attorney hotline and ask if you want to know for sure.
If it is inactive, then you are no longer an Agent unless you take the re-licensing test. What you do not want to do is refer to yourself as an Agent, when you are not.
Call TREC's information line at (512) 459-6544


They will let you know.

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