Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 535PROVISIONS OF THE REAL ESTATE LICENSE ACT
SUBCHAPTER NSUSPENSION AND REVOCATION OF LICENSURE
RULE §535.147Splitting Fee with Unlicensed Person
ISSUE 05/26/2000
ACTION Proposed
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 Civil Statutes, Article 6573a [services as a real estate agent ].

(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. [ "Services as a real estate agent" refers to the acts of a "real estate broker" as enumerated in §2(2)(A-J) and §2(3), when those acts are performed for another and for compensation.]

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 May 12, 2000

TRD-200003342

Mark A. Moseley

General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: June 25, 2000

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

 

Next Page       Previous Page

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page