Texas Real Estate Commission

Real Estate Broker Individual

versa_clnt_cde:

REI

Can a sales agent have a commission check written to the sales agent’s own corporation or Limited Liability Company? If so, does that entity have to be licensed as a real estate broker?

Can a listing broker share a portion of the listing broker’s commission with an attorney who represented the buyer in a real estate transaction?

Can a sales agent receive or pay a commission to a party in a real estate transaction?

Can a broker pay all or a portion of a commission or fee to an unlicensed person?

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

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?

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?

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