Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 535GENERAL PROVISIONS
SUBCHAPTER LTERMINATION OF SALESPERSON'S ASSOCIATION WITH SPONSORING BROKER
RULE §535.121Inactive License
ISSUE 08/19/2011
ACTION Proposed
Preamble Texas Admin Code Rule
(a)The license of a salesperson immediately becomes inactive upon each of the following circumstances:

  (1) - (3)(No change.)

  (4)if the sponsoring broker is a corporation, limited liability company or partnership, the expiration, suspension, revocation or inactivation of the license of the [person] designated [as] broker[, manager, or partner on the license certificate ] of the entity, which also places the license of the entity on inactive status; or

  (5)(No change.)

(b) - (c)(No change.)

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 August 4, 2011

TRD-201102972

Loretta R. DeHay

General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: September 18, 2011

For further information, please call: (512) 936-3092

 

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