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Historical Rule for the Texas Administrative Code
TITLE 22EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 535PROVISIONS OF THE REAL ESTATE LICENSE ACT
SUBCHAPTER NSUSPENSION AND REVOCATION OF LICENSURE
RULE §535.147Splitting Fee with Unlicensed Person
(a) "Any other state" means the states, territories, and possessions of the United States and any foreign country or governmental subdivision thereof.

(b) "Commission or fees" includes any form of compensation received for engaging in an act for which a license is required by Texas Civil Statutes, Article 6573a.

(c) It is not a violation of this section for a licensee to pay a portion of the licensee's fee or commission to a party in the transaction. A licensee who intends to pay a portion of the licensee's fee or commission to a party the licensee does not represent must obtain the consent of the party represented by the licensee prior to making the payment.

Source Note: The provisions of this §535.147 adopted to be effective January 1, 1976; amended to be effective March 11, 1981, 6 TexReg 725; amended to be effective October 1, 2000, 25 TexReg 8646

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