Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 535GENERAL PROVISIONS
SUBCHAPTER NSUSPENSION AND REVOCATION OF LICENSURE
RULE §535.154Registration and Use of Alternate, Team and Assumed Business Names Used in Advertisements
ISSUE 12/13/2019
ACTION Proposed
Preamble Texas Admin Code Rule
(a) - (b)(No change.)

 (c)Team names:

  (1)A team name may not include any terms that could mislead the public to believe [think] that the team is offering brokerage services independent from its sponsoring broker.

   (2)A team name must end with the word "team" or "group".

   (3)Before an associated broker or a sales agent sponsored by a broker starts using a team name in an advertisement, the broker must register the name with the Commission on a form approved by the Commission.

   (4)A broker must notify the Commission in writing not later than the 10th day after the date the associated broker or a sales agent sponsored by the broker stops using a team name.

 (d)(No change.)

The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.

Filed with the Office of the Secretary of State on November 22, 2019

TRD-201904455

Chelsea Buchholtz

General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: January 12, 2020

For further information, please call: (512) 936-3177

 

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