The Texas Real Estate Commission (TREC) adopts amendments to 22 TAC §535.53, Business Entity; Designated Broker, without changes to the proposed rule text as published in the December 12, 2014, issue of the Texas Register (39 TexReg 9654).

The amendments clarify the requirements necessary to apply for a business entity broker license and add language regarding what is required to meet the "in good standing" with the Commission standard set out in §1101.355 of the Texas Occupations Code for a broker to act as designated broker for a business entity.

The reasoned justification for the amendments is greater consumer protection.

No comments were received on this proposal as published.

The amendments are adopted under Texas Occupations Code, §1101.151, which authorizes the Texas Real Estate Commission to adopt and enforce rules necessary to administer Chapters 1101 and 1102; and to establish standards of conduct and ethics for its license holders to fulfill the purposes of Chapters 1101 and 1102 and ensure compliance with Chapters 1101 and 1102.

The statute affected by this amendment is Texas Occupations Code, Chapter 1101. No other statute, code or article is affected by the amendments.