Do partnerships need to be licensed if real estate brokerage activity is performed under the partnership name?Yes. All business entities engaged in real estate brokerage activity, including partnerships, need to be licensed. [TRELA §1101.002] Further to receive or maintain a license, a business entity must designate an individual holding an active Texas real estate broker license, in good standing, who is an officer, manager, or general partner of the entity to act for it. [TRELA §1101.355...| www.trec.texas.gov
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Do partnerships need to be licensed if real estate brokerage activity is performed under the partnership name?Yes. All business entities engaged in real estate brokerage activity, including partnerships, need to be licensed. [TRELA §1101.002] Further to receive or maintain a license, a business entity must designate an individual holding an active Texas real estate broker license, in good standing, who is an officer, manager, or general partner of the entity to act for it. [TRELA §1101.355...| www.trec.texas.gov
I have moved my sponsorship to a new broker, can my prior sponsoring broker pay me a commission directly for a transaction or referral?Yes, Commission Rule 535.3 permits you to receive any compensation through your current sponsoring broker or the broker who sponsored you at the time you earned the right to the compensation. | www.trec.texas.gov
Name Filings FAQs| www.sos.state.tx.us