The following words and terms, when used in Subchapter E, F,
or G of this chapter, shall have the following meanings, unless the
context clearly indicates otherwise or a definition from that subchapter
supersedes the definition.
(1) Applicant--A person seeking a license, certificate,
registration, approval, or permit from the Commission.
(2) Broker Responsibility Course--The course required
by §1101.458 of the Act.
(3) Designated broker--An individual holding an active
Texas real estate broker license designated by a business entity licensed
by the Commission to act on its behalf. The designated broker must
be an officer of a corporation, a manager of a limited liability company,
or a general partner of a partnership.
(4) Hour--Fifty minutes of actual session time.
(5) Non-elective Courses--The legal update courses
required by §1101.455 of the Act and the broker responsibility
course required by §1101.458 of the Act.
(6) Related course--A course determined to be acceptable
by the Commission to count towards related credit. The Commission
will periodically publish lists of acceptable real estate related
courses.
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| Source Note: The provisions of this §535.50 adopted to be effective January 1, 2011, 35 TexReg 11677; amended to be effective November 1, 2011, 36 TexReg 7327; amended to be effective December 9, 2018, 43 TexReg 7898; amended to be effective June 11, 2023, 48 TexReg 2948 |
