What authority does TREC provide to brokers regarding earned commissions?

The authority provided to brokers by TREC (Texas Real Estate Commission) regarding earned commissions is that brokers can only receive commissions as stipulated in the contract. This ensures that the compensation structure between the broker and their client is transparent and legally binding. It emphasizes the importance of adhering to the terms specified in the contract, which protects both the broker and the client in the transaction.

This guideline is crucial in maintaining professionalism and ethical standards within the real estate industry. By basing commissions solely on the contractual agreement, TREC helps to prevent disputes over commission amounts and reinforces the significance of written agreements in real estate dealings. This regulatory framework also fosters trust between brokers and clients, ensuring that both parties are on the same page concerning financial arrangements.