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 Sales Agent [Salesperson]
ISSUE 03/03/2023
ACTION Proposed
Preamble Texas Admin Code Rule
A sales agent [salesperson] may not receive a commission or other valuable consideration except with the written consent of the sales agent's [salesperson's] sponsoring broker or the broker who sponsored the sales agent [ salesperson] when the sales agent [salesperson] became entitled to the commission or other valuable consideration. A sales agent [salesperson] may not pay a commission or other valuable consideration to another person except with the written consent of the sales agent's [salesperson's] sponsoring broker.

The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.

Filed with the Office of the Secretary of State on February 15, 2023

TRD-202300740

Vanessa E. Burgess

General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: April 2, 2023

For further information, please call: (512) 936-3284

 

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