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| <<Back | Historical Rule for the Texas Administrative Code |
| TITLE 22 | EXAMINING BOARDS |
| PART 23 | TEXAS REAL ESTATE COMMISSION |
| CHAPTER 535 | PROVISIONS OF THE REAL ESTATE LICENSE ACT |
| SUBCHAPTER A | GENERAL PROVISIONS RELATING TO THE REQUIREMENT OF LICENSURE |
| RULE §535.3 | Compensation Accepted by Salesperson |
A salesperson is not permitted to receive compensation for acts as a licensed real estate salesperson, except through the salesperson's sponsoring broker or through the broker under whom the salesperson was licensed when he or she earned the right to compensation, although the broker need not actually receive the money and pay it to the salesperson. Payments not made by or through the broker must be made with the broker's knowledge and consent. |
| Source Note: The provisions of this §535.3 adopted to be effective January 1, 1976; amended to be effective October 20, 1983, 8 TexReg 3997; amended to be effective April 14, 1998, 23 TexReg 3681. |
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