Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 535GENERAL PROVISIONS
SUBCHAPTER NSUSPENSION AND REVOCATION OF LICENSURE
RULE §535.147Splitting Fee with Unlicensed Person
ISSUE 08/27/2004
ACTION Final/Adopted
Preamble Texas Admin Code Rule
(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 Occupations Code, Chapter 1101.

(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.

This agency hereby certifies that the adoption has been reviewed by legal counsel and found to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on August 11, 2004

TRD-200405127

Loretta DeHay

General Counsel

Texas Real Estate Commission

Effective date: August 31, 2004

Proposal publication date: June 25, 2004

For further information, please call: (512) 465-3900

 

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