Real Estate License Portability
I am a licensed real estate broker in California. I represent a tenant who runs and operates a Quick Service Restaurant franchise. My client has made the decision to take his brand nationwide, with Texas being one of the main states they would like to be in.
I did speak with one of the Texas Real Estate Commission’s attorneys and she stated that I will not be able to do any sort of business in Texas, but that contradicts the Real Estate Portability guidelines, does it not?
Is there anything you suggest for me to do in this case considering the above?
Thank you so much for your time and help.
Hi, Fernando. Thank you so much for your question. Real estate license reciprocity and portability rules can change frequently, so we try to update our articles as often as possible. However, it’s always best to check with the appropriate state agency – in this case, the Texas Real Estate Commission (TREC).
According to the TREC website, a Texas broker may share a commission with a foreign license holder so long as the foreign license holder does not engage in an activity requiring a license in Texas. [TRELA §1101.651(a)].
The TREC website also indicates that a person actively licensed as a real estate broker or sales agent in another state may be entitled to have certain experience and educational requirements waived. [TRELA §1101.357 and §1101.362, Rule 535.62(b)].
Please check out the TREC website for more information (https://www.trec.texas.gov/does-texas-have-reciprocity-any-other-states-regarding-real-estate-license) and continue working with their attorney’s office if you have any further questions or concerns.
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