If a Texas broker decides to stop using an assumed business name, what is required?

When a Texas broker decides to stop using an assumed business name, it is essential to notify the Texas Real Estate Commission in writing. This notification must occur by the 10th day after ceasing the use of that name. The requirement ensures that the commission maintains accurate and up-to-date records of licensed entities and their business names, which is crucial for consumer protection and regulatory compliance.

Failing to provide this written notification could lead to confusion in the marketplace, affecting clients and the broker's professional standing. It is also important for maintaining transparency with clients and potential customers about who they are dealing with in real estate transactions. This requirement is in place to uphold the integrity of real estate practice in Texas.