1. (a) The Real Estate License Act (Act), §7(g), establishes alternative experience or education requirements, or both, for applicants for a Texas real estate broker license.
2. (b) As used in the Act, §7(g)(2), another state means one of the states, territories, and possessions of the United States and any foreign country or governmental subdivision thereof.
3. (c) For the purpose of determining compliance with the requirement of the Act, §7(g)(2), of being a licensed real estate broker in another state, a person who is the designated officer of a corporation which is licensed as a real estate broker in another state is deemed to be a licensed real estate broker in another state.
4. (d) For the purpose of determining compliance with the requirement of the Act, §7(g)(2), of being a licensed real estate broker in another state, a person whose real estate broker license is on inactive status is deemed to be a licensed real estate broker in another state.
5. (e) For the purpose of determining compliance with the requirement of the Act, §7(g)(2) of having had two years' active experience in the other state as a licensed real estate salesperson or broker, inactive periods brought about by lack of broker sponsorship or any other reason cannot be included as active experience.
6. (f) For the purpose of determining compliance with the requirement of the Act, §7(g)(2) of having had two years' active experience in another state as a licensed real estate broker or salesperson, a person's two years' experience may be derived from periods of licensure in two or more states.
7. (g) For the purpose of determining compliance with the requirement of the Act, §7(g)(3), a person who has, within one year previous to the filing of his application, been the designated officer of a corporation licensed in Texas as a broker is deemed to have been licensed in this state as a broker within one year previous to the filing of his application.

Source Note:The provisions of this §535.68 adopted to be effective November 14, 1979, 4 TexReg 4001; amended to be effective April 19, 1982, 7 TexReg 1369; amended to be effective August 22, 1983, 8 TexReg 3015; amended to be effective June 22, 1990 15 TexReg 3335; amended to be effective April 14, 1998, 23 TexReg 3682.