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Answer: It depends on what the property manager is doing for the property owner. However, because TREC must dispose of certain documents in accordance with a records retention plan, TREC may no long have those documents and an applicant should be prepared to resubmit documents and the explanation previously submitted. [TRELA 1101.351(c)] Thus, a sales agent may not work for a broker who is not the sales agents sponsoring broker or work for another broker or out of another broker's office. A broker may authorize another license holder to withdraw or transfer money from a trust account. [TRELA 1101.652(b)(11) & (26)] However, a license holder may compensate an unlicensed person from a foreign country or state that does not require a license to engage in real estate brokerage activities, if the person otherwise complies with the law of the foreign country and practices there as a real estate broker. Pursuant to Section 535.227(b)(3)(C)(i) of the Standards of Practice, inspectors are not required to report manufacturer requirements except as specifically required by the Standards. May I have some of my unlicensed employees solicit business for me? Will I need to take both sections of the exam when I reapply? Do I need a license to sell a manufactured (mobile) home? TREC Rules do not prohibit a broker from using the word team or group anywhere in a brokers licensed or assumed business name. Paragraph 9.B(3) is amended to add the transfer of any warranties to correspond with the change in Paragraph 7F. Is a broker responsible for the actions of a sales agent who owns his or her own real estate business entity? No. A mistake in the use of a form may result in financial loss or an unenforceable contract. Our license holders are governed by theTexas Real Estate License Act, the Inspector Act, and the Timeshare Act. In 22 TAC 535.52(b)(4), the term denial is added to better reflect current agency practice. When a contract falls through, can part of the earnest money be held to pay the commission fee for the other real estate license holder? [Rule 535.147(b)]. The changes to the existing rules add the title of the form adopted by reference in each rule to the rule title and add clarifying language to specify which forms are for mandatory versus voluntary use by license holders. Can a real estate license be revoked because a license holder files for bankruptcy? It is the responsibility of the applicant to provide that evidence to TREC. How can I make the builder do the repair. I have a property management company and engage in leasing activity. Does a property manager have to be licensed? Click on this to see what disciplinary actions have been taken. A broker is not required to directly supervise sponsored sales agents; this responsibility may be delegated to another person with the required level of experience and expertise to provide proper supervision under the law.