How to Apply for a Business Entity License
Note: An application by a corporation, LLC, partnership or foreign corporation cannot be approved unless its designated officer, manager or partner is individually licensed as an active Texas real estate broker. If the designated broker does not own at least 10% of the entity, the entity must maintain E&O insurance in the amount of $1 million. Attach the Certificate of Insurance for a Broker Business Entity form to the application if applicable. If the designated broker owns 10% or more of the entity, please provide proof of ownership. Examples of acceptable proof of ownership documents are as follows but are not limited to:
- Minutes of the company meeting designating ownership percentages
- A Company Resolution indicating the percentage owned by the designated officer/manager/partner
- Articles of Organization/Incorporation that include ownership percentages
- Schedule K-1 (Form 1120S) from the IRS (Shareholder's share of income, deductions, credits, etc.)
- Schedule C (Form 1040) from the IRS
- Limited Partnership Agreement designating ownership percentages
Texas Real Estate Broker License by a Business Entity Application Requirements
When a Texas Business Entity files an application to become a broker, it must provide TREC with certain information that ensures the business is a valid going concern. The COPY of a "Good Standing Letter" issued no more than 21 days before the date of the application is filed must be submitted along with the application form.
Applicants for the LLC Broker license may alternatively file and pay for the application online, after mailing (or bringing in person) the afore-mentioned documents to TREC. Get TREC's mailing address and physical address here.
Foreign (Out of State) Business Entity Application Requirements
When a foreign (out of state) Business Entity files an application to become a Texas broker, it must provide TREC with certain information that ensures the business is a valid going concern. The COPY of a "Good Standing Letter" issued no more than 21 days before the date of the application is filed must be submitted along with the application form. A real estate LICENSE HISTORY from the other state.
Submit Documents And Applications On Plain Paper. Do Not Send "Thermal" Type Paper.