Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 535GENERAL PROVISIONS
SUBCHAPTER BGENERAL PROVISIONS RELATING TO THE REQUIREMENTS OF LICENSURE
RULE §535.3Compensation to or Paid by a Salesperson
ISSUE 12/12/2014
ACTION Final/Adopted
Preamble Texas Admin Code Rule
A salesperson may not receive a commission or other valuable consideration except with the written consent of the salesperson's sponsoring broker or the broker who sponsored the salesperson when the salesperson became entitled to the commission or other valuable consideration. A salesperson may not pay a commission or other valuable consideration to another person except with the written consent of the salesperson's sponsoring broker.

The agency certifies that legal counsel has reviewed the adoption and found it to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on November 24, 2014

TRD-201405627

Kerri Lewis

General Counsel

Texas Real Estate Commission

Effective date: January 1, 2015

Proposal publication date: September 5, 2014

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


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