Become a Business Entity Real Estate Broker
A licensed business entity real estate broker is an organization that can act as a real estate broker and is qualified to conduct business in Texas.
You have one year from the date your application is filed to meet all license requirements. Once you have met all the requirements to get your license, TREC will send an active broker license via email.
- Be authorized to transact business in Texas
- Designate an active Texas real estate broker to act on behalf of the organization
Additional Qualifications for Foreign Business Entities
A business entity created or chartered under the laws of another state may apply for a license in Texas if the business entity:
- Is licensed as a broker in another state
- Was created or chartered in a state that does not license business entities and the entity is lawfully engaged in the practice of real estate brokerage in that state
Designate a Broker
A business entity cannot act as a broker in Texas unless the entity designates an active individual broker to act on its behalf. The designated broker must be a managing officer of the business entity and must be in good standing with the Commission.This individual broker is considered not in good standing if:
- the broker's license is revoked or suspended, including probated revocation or suspension
- a business entity licensed by the Commission while the broker was the designated broker for that business entity had its license revoked or suspended, including probated revocation or suspension, in the past two years
- the broker has any unpaid or past due monetary obligations to the Commission, including administrative penalties or recovery fund payments
- a business entity licensed by the Commission has any unpaid or past due monetary obligations to the Commission, including administrative penalties or recovery fund payments, that were incurred while the broker was the designated broker for the entity
File Your Application
Submit your application and fee to become a Business Entity Broker using our Online Services. If you don’t already have a username and password for our Online Services, register now. If you have already registered online with TALCB or TREC in the past, log in now.
Apply by Mail
Submit Required Documents
You must submit the following documentation to TREC by mail or if applying online submit to TREC by email:
- A Franchise Tax Account Status page from the Texas Comptroller of Public Accounts issued within 21 days prior to the date of the application as evidence of qualification to transact business in Texas.
- Proof of the designated broker’s current status as an officer, manager or general partner for the business entity.
- If the designated broker does not directly own at least 10% of the entity, proof that the business entity maintains errors and omissions insurance in the amount of $1 million per occurrence.
- If the designated broker owns 10% or more of the entity, proof of the designated broker’s ownership. Examples of acceptable proof of ownership documents include 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 1065) from the IRS (Shareholder's share of income, deductions, credits, etc.)
- Schedule C (Form 1040) from the IRS
- Limited Partnership Agreement designating ownership percentages
- For foreign business entities, proof that the business entity is licensed as a foreign broker, such as a real estate license history from the other state.