22 Tex. Admin. Code § 535.147
Splitting Fee with Unlicensed Person
Effective Aug 31, 200429 TexReg 8297 Source Note: The provisions of this §535.147 adopted to be effective January 1, 1976; amended to be effective March 11, 1981, 6 TexReg 725; amended to be effective October 1, 2000, 25 TexReg 8646; amended to be effective August 31, 2004, 29 TexReg 8297. Texas Secretary of State
- (a) "Any other state" means the states, territories, and possessions of the United States and any foreign country or governmental subdivision thereof.
- (b) "Commission or fees" includes any form of compensation received for engaging in an act for which a license is required by Texas Occupations Code, Chapter 1101.
- (c) It is not a violation of this section for a licensee to pay a portion of the licensee's fee or commission to a party in the transaction. A licensee who intends to pay a portion of the licensee's fee or commission to a party the licensee does not represent must obtain the consent of the party represented by the licensee prior to making the payment.
Source Note:The provisions of this §535.147 adopted to be effective January 1, 1976; amended to be effective March 11, 1981, 6 TexReg 725; amended to be effective October 1, 2000, 25 TexReg 8646; amended to be effective August 31, 2004, 29 TexReg 8297.