A salesperson may not receive a commission or other fee except with the written consent of the salesperson's sponsoring broker or the broker who sponsored the salesperson when the salesperson became entitled to the commission or fee. A salesperson may not pay a commission or other fee to another person except with the written consent of the salesperson's sponsoring broker.

Source Note:The provisions of this §535.3 adopted to be effective January 1, 1976; amended to be effective October 20, 1983, 8 TexReg 3997; amended to be effective April 14, 1998, 23 TexReg 3681; amended to be effective July 1, 1999, 24 TexReg 4822; amended to be effective January 1, 2011, 35 TexReg 11674.