- (a) Real estate licensure is required of those who advertise for others regarding real property, accept calls received in response to such advertisements, and refer the callers to the owner of the property.
- (b) Real estate licensure is required to authorize a marketing company or its employees to act as the real estate agent for another entity.
- (c) A person may contract to advertise real estate for purchase, sale, lease, or rental in a publication without being licensed under Texas Civil Statutes, Article 6573a (the Act), unless payment of any fee or consideration the person receives is contingent upon the purchase, sale, lease, or rental of the property advertised in the publication. For the purposes of this section an advance fee is a contingent fee if the person is obligated to return the fee if the property is not purchased, sold, leased, or rented. The section shall be narrowly construed to effectuate the purposes for which this section was adopted.
Source Note:The provisions of this §535.21 adopted to be effective January 1, 1976; amended to be effective July 17, 1992, 17 TexReg 4751.