Texas § 1101.601 REAL ESTATE RECOVERY TRUST ACCOUNT.

Texas Statutes

§ 1101.601 — REAL ESTATE RECOVERY TRUST ACCOUNT.

Texas § 1101.601

Code OCOccupations Code

This text of Texas § 1101.601 (REAL ESTATE RECOVERY TRUST ACCOUNT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Occupations Code Code Ann. § 1101.601 (2026).

Text

Sec. 1101.601. REAL ESTATE RECOVERY TRUST ACCOUNT.

(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.

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Sec. 1101.601. REAL ESTATE RECOVERY TRUST ACCOUNT. (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.