Clone of TAC - Rule 535.144 - When Acquiring or Disposing of Own Property or Property of Spouse, Parent or Child

This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:43 GMT

(a) For purposes of §1101.652(a-1)(1) of the Act "license holder" includes a license holder acting on behalf of:(1) the license holder's spouse, parent or child;(2) a business entity in which the license holder is more than a 10% owner; or(3) a trust for which the license holder acts as trustee or of which the license holder or the license holder's spouse, parent or child is a beneficiary.(b) A license holder engaging in a real estate transaction on his or her own behalf or in a capacity described by subsection (a), is obligated to disclose in writing that he or she is a licensed real estate broker or sales agent acting on his or her own behalf or in a capacity described by subsection (a) in any contract of sale or rental agreement or in any other writing given before entering into any contract of sale or rental agreement.(c) A license holder acting on his or her own behalf or in a capacity described by subsection (a) shall not use the license holder's expertise to the disadvantage of a person with whom the license holder deals.

Source Note: The provisions of this §535.144 adopted to be effective January 1, 1976; amended to be effective March 22, 1978, 3 TexReg 823; amended to be effective August 6, 1980, 5 TexReg 2923; amended to be effective October 20, 1983, 8 TexReg 3998; amended to be effective May 27, 1998, 23 TexReg 5437; amended to be effective October 1, 2000, 25 TexReg 8646; amended to be effective May 24, 2006, 31 TexReg 4198; amended to be effective January 1, 2011, 35 TexReg 11691; amended to be effective May 30, 2013, 38 TexReg 3347; amended to be effective January 1, 2015, 39 TexReg 9669; amended to be effective January 1, 2016, 40 TexReg 8246.