It is the obligation of a license holder to be knowledgeable and competent as a real estate brokerage practitioner. The license holder must:
  (1) be informed on local market issues and conditions affecting real estate in the geographic area where a license holder provides services to a client;
  (2) be informed on national, state, and local issues and developments in the real estate industry;
  (3) exercise judgment and skill in the performance of brokerage activities; and
  (4) be educated in the characteristics involved in the specific type of real estate being brokered for others.

Source Note: The provisions of this §531.4 adopted to be effective May 25, 2022, 47 TexReg 3049