22 Tex. Admin. Code § 535.3 - Compensation to or Paid by a Sales Agent

A sales agent may not receive a commission or other valuable consideration except with the written consent of the sales agent's sponsoring broker or the broker who sponsored the sales agent when the sales agent became entitled to the commission or other valuable consideration. A sales agent may not pay a commission or other valuable consideration to another person except with the written consent of the sales agent's sponsoring broker.

Notes

22 Tex. Admin. Code § 535.3

The provisions of this §535.3 adopted to be effective January 1, 1976; amended to be effective October 20, 1983, 8 TexReg 3997; amended to be effective April 14, 1998, 23 TexReg 3681; amended to be effective July 1, 1999, 24 TexReg 4822; amended to be effective January 1, 2011, 35 TexReg 11674; amended by Texas Register, Volume 39, Number 50, December 12, 2014, TexReg 9672, eff. 1/1/2015; Amended by Texas Register, Volume 48, Number 23, June 9, 2023, TexReg 2949, eff. 6/11/2023