- (a) Salesperson employed by an owner means a person employed and directly compensated by an owner.
(b) Salesperson employed by an owner does not include:
- (1) a real estate licensee who lists, orally or in writing, an owner's property for sale;
- (2) any person employed by, associated with, cooperating with, or sponsored by a real estate licensee who lists, orally or in writing, an owner's property for sale; or
- (3) any person who, having no preexisting employment or listing agreement with an owner, sells or attempts to sell an owner's property.
Source Note:The provisions of this §535.34 adopted to be effective October 27, 1978, 3 TexReg 3654.