Texas Real Estate Commission

versa_clnt_cde:

REO

Can an unlicensed person own a real estate company and receive all or a portion of a commission paid to a licensed broker?

What qualifies as proof of ownership of the business entity?

Does the designated broker own 10% or more of a licensed business entity if the designated broker owns 10% or more of another business entity that owns 100% of the licensed business entity?

If I have a licensed limited partnership, can the general partner be an LLC if a manager of the LLC is a designated broker?

Do partnerships need to be licensed if real estate brokerage activity is performed under the partnership name?

How long does a license holder have to keep financial and real estate transactions on file?

Can a sales agent own his or her own real estate business entity?

Can a broker be the designated broker for more than one business entity?

Does a broker have to supervise the daily activities of a sales agent?

Can an inactive license holder negotiate the purchase, sale, or lease of real property between third parties?

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