Texas License Law
Under Texas Occupations Code Chapter 1101, a person who receives compensation for auctioning real property must have a Texas real estate license UNLESS they:
AObtain a special auction license from TREC
BAre a licensed auctioneer who does not otherwise engage in real estate brokerage activities (certain limited exemption)✓ Correct
CWork for a nonprofit organization
DOnly auction properties under $100,000
Explanation
Texas law has specific provisions about auctioneers. While generally a real estate license is required for auctioning real property for compensation, licensed auctioneers have a specific but limited exemption under certain conditions. Parties should carefully review Chapter 1101 and consult with TREC for current exemption requirements.
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