b8d64f09_iplinary_Action_Search_Results__Basis_for_this_Order
[Licensee Name] BRYAN REALTY INC [License No.] 589441 [County] ANGELINA [City] LUFKIN [Month] 10/2013 [Order Description] Agreed reprimand of broker. Agreed administrative penalty of $2,000.00. [Basis for this Order] 
Respondent was provided checks for a reserve amount and security deposit from a tenant of a property managed by Respondent. The checks were deposited into the property management bank account of Respondent, but the account was not clearly identified as a trust account. The owner of the property terminated the property management agreement in writing and demanded return of the security deposit and reserve amount. Respondent failed to return the security deposit and reserve amount, or account for those amounts, within 30 days of the termination letter.
TREC - Disciplinary Action Search Results
Basis for this Order