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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 N | SUSPENSION AND REVOCATION OF LICENSURE |
| RULE §535.148 | Receiving an Undisclosed Commission or Rebate |
A licensee may not receive a commission, rebate, or fee in a transaction from a person other than the person the licensee represents without first disclosing to all parties to the transaction that the licensee intends to receive the commission, rebate or fee, and obtaining the consent of all parties. This section does not apply to referral fees paid by one real estate licensee to another licensee. |
| Source Note: The provisions of this §535.148 adopted to be effective January 1, 1976; amended to be effective February 5, 1981, 6 TexReg 272; amended to be effective May 2, 1996, 21 TexReg 3549; amended to be effective October 1, 2000, 25 TexReg 8646 |
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