TX RE Broker Practice Questions - Texas Real Estate Broker Exam

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A Texas broker discovers that a sponsored sales agent failed to provide the Information About Brokerage Services (IABS) form at first substantive contact. What is the broker's primary obligation?

Immediately terminate the agent's sponsorship File a complaint with TREC against the agent Ensure compliance and take corrective action, as the broker bears supervisory responsibility Do nothing, since IABS compliance is solely the agent's responsibility

Correct Answer:

Ensure compliance and take corrective action, as the broker bears supervisory responsibility

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