Texas License Law
When a Texas real estate broker closes their brokerage, their sponsored agents must:
AAutomatically become licensed independently
BFind a new sponsoring broker, as their licenses become inactive when the brokerage closes✓ Correct
CTransfer their listings to another agent in the brokerage
DWait 90 days before practicing under another broker
Explanation
When a broker closes their brokerage, all sponsored agents' licenses become inactive. The agents must find a new sponsoring broker and have their licenses transferred before they can perform licensed real estate activities.
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