The state of Texas requires you to hold a real estate license if your functions meet certain requirements. You may not need one to get started. However, if you are going to show or rent a property or accept or deposit the rent, you may need a license. The Texas Occupation Code (Real Estate Inspectors), Chapter 1102, Sections 1102,303, specifically prohibits an inspector from acting as an inspector and real estate agent in the same transaction.
The real estate agent represents the seller and has a duty to submit all offers to him in a timely manner. The bankruptcy of a license holder does not affect a pending complaint or limit disciplinary action by the TREC. According to regulations 535,154 and 535,155 (in force since May 15, 2011), an advertisement is defined as “any form of communication by or on behalf of the holder of a license designed to attract the public to use real estate brokerage services” and includes, among others, all publications, brochures, radio or television broadcasts, all electronic media, including e-mail, text messages, social networks, Internet, office supplies, business cards, screens, signs and billboards advertising. A real estate license is not required for a person calling for a real estate auction, as long as the person is authorized as an auctioneer by the Texas Department of Licensing and Regulation.
A license holder who knowingly makes a false statement or fails to reveal a latent defect may be sanctioned by the Commission. A person's license in another state or their experience in real estate brokerage or any related business is not a substitute for educational requirements. Stay informed with the latest news about owning a property, laws and information from leaders in property management. It is not a violation of the TRELA or the Rules for a license holder to return a portion of their compensation to one of the parties to the transaction.
The TREC's jurisdiction over real estate inspections is limited to inspections performed on a real estate buyer or seller in connection with a transaction. Yes, because the designated broker owns 10% or more of the authorized business entity through the ownership of the other entity's broker. Rule 535,153 states that article 1101.652 (b) (2) of the TRELA does not prohibit the holder of a license from asking the owner to go public while the owner's property is subject to an exclusive listing with another broker, provided that the listing does not begin until the current listing expires. If you want to act as a leasing agent, you must have a broker's license or you must work for someone who has a broker's license.
A license is also required for anyone who controls the acceptance or deposit of a resident's rent of a single-family residential real estate unit.
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