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Is A Licensed Attorney Required To Hold A Real Estate License To Act As A Broker?

No. A licensed attorney is exempt from the licensure requirements pursuant to Section 3( 1) of the Real Estate License Act. The licensed attorney can do everything a broker can do except sponsor salespersons or act as the designated officer for a corporation or designated manager for a limited liability company. [Rule 535.31]

Other Texas Real Estate FAQs

Q: Where Do I Learn More About Real Estate In: Texas
A: Texas Real Estate Commission P.O. Box 12188 Austin, TX 787112188 Phone: 5124596544 of 18002508732 The Link : www.trec.state.tx.us More
Q: Can An Attorney Get A Broker License Without First Being Licensed As A Salesperson?
A: No. A licensed attorney will need to meet all the standard requirements, including education, examination and experience, for issuance of a real estate salesperson or … More
Q: My Wife And I Signed An Offer To Buy A House Over The Weekend. Now We Have Changed Our Minds And Don't Want To Buy The House After All. Can We Get Out Of The Deal?
A: If the seller has accepted your offer, you may have a binding contract. There is no threeday or 72 hour cooling off period for you to change your mind. You … More
Q: Does A Lease For A Term Of Longer Than One Year And A Contract For The Sale Of Real Estate Need To Be In Writing To Be Enforceable?
A: Yes, that is basically true under the Statute of Frauds. However, this is a question that should be discussed further with your own attorney for proper understanding. More
Q: I Listed My Property For Sale With A Broker And The Broker Has Done Nothing About Selling The House. Can I Break My Contract And List With Someone Else?
A: Your listing contract with the broker was intended to be a legal and binding contract. If the broker has not fulfilled the broker's part of the agreement, i. e., … More