Texas License Law
A Texas broker who wishes to operate as a business entity (LLC or corporation) must:
AOnly register the entity with the Secretary of State
BRegister the entity and obtain a TREC entity license with a designated broker✓ Correct
CHave all members of the entity hold real estate licenses
DApply for a special commercial brokerage permit
Explanation
A Texas business entity that acts as a real estate broker must obtain its own TREC license and designate a licensed broker as the entity's responsible broker. The entity license and the individual designated broker license are both required.
Related Texas Texas License Law Questions
- TREC's Enforcement Division may pursue disciplinary action based on findings from all of the following EXCEPT:
- Texas Occupations Code § 1101.155 grants TREC the authority to:
- The Texas Real Estate Commission is composed of how many members appointed by the governor?
- TREC promulgated forms may be used by which of the following parties?
- Which agency regulates real estate licenses in Texas?
- TREC's statutory authority to regulate real estate license holders in Texas is derived from:
- A Texas real estate license holder who is placed on inactive status by TREC:
- A Texas real estate sales agent license is valid for how long after initial issuance?
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