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 §535.148Receiving an Undisclosed Commission or Rebate
ISSUE 09/01/2000
ACTION Final/Adopted
Preamble Texas Admin Code Rule
A licensee may not receive a commission, rebate, or fee in a transaction from a person other than the person the licensee represents without first disclosing to all parties to the transaction that the licensee intends to receive the commission, rebate or fee, and obtaining the consent of all parties. This section does not apply to referral fees paid by one real estate licensee to another licensee.

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 16, 2000

TRD-200005812

Mark A. Moseley

General Counsel

Texas Real Estate Commission

Effective date: October 1, 2000

Proposal publication date: May 26, 2000

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

 

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