| (a) If an application for renewal of a license has not been timely filed, an original application for a license must be filed and approved by the commission for the applicant to regain licensure. (b) Death of a sponsoring broker places the salesperson's license on inactive status, and the salesperson is not authorized to act as a salesperson until the salesperson becomes sponsored by another broker. (c) When the sponsorship of a salesperson ends, the broker shall immediately return the salesperson's license to the commission. If the sponsorship has ended because the broker has terminated the sponsorship, the broker shall immediately so notify the salesperson salesman in writing. If the sponsorship has ended because the salesperson has left the sponsorship, the salesperson shall immediately so notify the broker in writing. (d) This agency is not authorized to enforce agreements between brokers and
salespersons concerning obligations incident to their working relationships.
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| Source Note: The provisions of this §535.121 adopted to be effective January 1, 1976; amended to be effective November 14, 1979, 4 TexReg 4002; amended to be effective July 20, 1981, 6 TexReg 2291; amended to be effective March 19, 1990, 15 TexReg 1236; amended to be effective January 4, 1993, 17 TexReg 8954; amended to be effective May 27, 1998, 23 TexReg 5437.
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