<<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 N | SUSPENSION AND REVOCATION OF LICENSURE |
RULE §535.153 | Violating an Exclusive Agency |
Although a licensee, including one acting as agent for a prospective buyer or prospective tenant, may not attempt to negotiate a sale, exchange, lease, or rental of property under exclusive listing with another broker, the Real Estate License Act, (Act), §15(a)(6)(N), does not prohibit a licensee from soliciting a listing from the owner while the owner's property is subject to an exclusive listing with another broker. |
Source Note: The provisions of this §535.153 adopted to be effective January 1, 1976; amended to be effective June 22, 1990, 15 TexReg 3336. |