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Home > Title 22 > Part 23 > Chapter 535 >Subchapter N > Rule 535.149
TITLE 22 - EXAMINING BOARDS
PART 23 - TEXAS REAL ESTATE COMMISSION
CHAPTER 535 - GENERAL PROVISIONS
SUBCHAPTER N - SUSPENSION AND REVOCATION OF LICENSURE
SECTION/RULE §535.149 - Lottery or Deceptive Trade Practice
Chapter Review Date 11/09/2022

(a) For the purposes of §1101.652(b)(14) of the Act, the elements of a "lottery" are the award or distribution of a prize or prizes by chance and the payment of consideration for the opportunity to win the prize.(b) The giving of gifts as an inducement for prospective clients does not violate this section or §1101.652(b)(14) of the Act, but license holders when procuring prospects must otherwise comply with the provisions of §535.20 of this title.(c) "Deceptive practices" include, but are not limited to the acts described in the Texas Business and Commerce Code §17.46, done in a manner defined in that section.

Source Note: The provisions of this §535.149 adopted to be effective January 1, 1976; amended to be effective January 1, 2011, 35 TexReg 11691; amended to be effective January 1, 2015, 39 TexReg 9669.

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