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Senate Bill 747 |
Senate Author: Carona |
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Effective: 9-1-11 |
House Sponsor: Hamilton |
Senate Bill 747 updates Occupations Code provisions governing the licensing of real estate agents and brokers, including provisions relating to educational requirements and education programs and courses of study, eligibility for licensure, applicability of the Real Estate Licensing Act, original and renewal license application content and procedures, and maintenance of certain licensee contact information.
Senate Bill 747 prohibits a business entity from acting as a broker unless the business entity holds a license issued under The Real Estate License Act. The bill revises the eligibility requirements to receive an original or renewal certificate of registration to sell, buy, lease, or transfer an easement or right-of-way for another for use in connection with telecommunication, utility, railroad, or pipeline service and requires an applicant for such a certificate to comply with the criminal history record check requirements for a real estate agent or broker.
Senate Bill 747 authorizes the Texas Real Estate Commission (TREC) to solicit and accept a gift, grant, donation, or other item of value from any source to pay for any activity under provisions of the act or provisions governing real estate inspectors or real estate appraisers. The bill authorizes the TREC to suspend or revoke an accreditation of a real estate educational program or course of study or take any other disciplinary action authorized by The Real Estate License Act if the provider of an educational program or course of study violates the act or a rule adopted under the act.