[(a)A branch office license is required when the public would reasonably construe that the broker has an office at a location other than the location of the broker's main office address.] [(b)]A broker shall apply for a branch office license if the [A branch office license must be applied for and obtained if a] broker maintains more than one place of business. A "place of business" means a place where the licensee meets with clients and customers to transact business. A license is required for each branch office maintained by the broker, and the license certificate for each branch office must display the address at which the broker's office is located. [Even though an office is used only by salespersons, it remains the broker's office as the broker is responsible for all business activities conducted from it.] [(c)A branch office license is not required for a licensee selling property under exemption of the Real Estate License Act (Act), §3(6).] [(d)A licensed broker may have as many offices and use as many assumed business names as the broker desires, provided branch office licenses are obtained and the assumed names are filed with the commission.] [(e)A broker's branch office license shall reflect the address at which the broker's branch office is actually located, provided, however, that a post office box number in the same city may also be shown on the license.]
This agency hereby certifies that the proposal has been reviewed
by legal counsel and found to be within the agency's legal authority to adopt.
Filed with the Office of
the Secretary of State, on April 4, 2000
TRD-200002417 Mark A. Moseley
General
Counsel
Texas Real Estate Commission
Earliest possible date of adoption: May 21, 2000
For further information, please call: (512) 465-3900
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