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| TITLE 22 | EXAMINING BOARDS |
| PART 23 | TEXAS REAL ESTATE COMMISSION |
| CHAPTER 535 | GENERAL PROVISIONS |
| SUBCHAPTER B | GENERAL PROVISIONS RELATING TO THE REQUIREMENTS OF LICENSURE |
| RULE §535.3 | Compensation to or Paid by a Salesperson |
| Historical | Texas Register |
A salesperson may not receive a commission or other valuable consideration except with the written consent of the salesperson's sponsoring broker or the broker who sponsored the salesperson when the salesperson became entitled to the commission or other valuable consideration. A salesperson may not pay a commission or other valuable consideration to another person except with the written consent of the salesperson's sponsoring broker. |
| 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; amended to be effective July 1, 1999, 24 TexReg 4822; amended to be effective January 1, 2011, 35 TexReg 11674; amended to be effective January 1, 2015, 39 TexReg 9669 |
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