By: Perry S.B. No. 1712
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the purchase, sale, or lease of real property on behalf
  of a limited partnership or a limited liability company.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1101.005, Occupations Code, is amended
  to read as follows:
         Sec. 1101.005.  APPLICABILITY OF CHAPTER. This chapter does
  not apply to:
               (1)  an attorney licensed in this state;
               (2)  an attorney-in-fact authorized under a power of
  attorney to conduct not more than three real estate transactions
  annually;
               (3)  a public official while engaged in official
  duties;
               (4)  an auctioneer licensed under Chapter 1802 while
  conducting the sale of real estate by auction if the auctioneer does
  not perform another act of a broker;
               (5)  a person conducting a real estate transaction
  under a court order or the authority of a will or written trust
  instrument;
               (6)  a person employed by an owner in the sale of
  structures and land on which structures are located if the
  structures are erected by the owner in the course of the owner's
  business;
               (7)  an on-site manager of an apartment complex;
               (8)  an owner or the owner's employee who leases the
  owner's improved or unimproved real estate; [or]
               (9)  a transaction involving:
                     (A)  the sale, lease, or transfer of a mineral or
  mining interest in real property;
                     (B)  the sale, lease, or transfer of a cemetery
  lot;
                     (C)  the lease or management of a hotel or motel;
  or
                     (D)  the sale of real property under a power of
  sale conferred by a deed of trust or other contract lien;
               (10)  the purchase, sale, or lease of real property for
  a limited partnership by:
                     (A)  a general partner of the limited partnership;
                     (B)  an employee of a general partner of the
  limited partnership who negotiates the transaction in the course of
  employment; or
                     (C)  an employee of the limited partnership who
  negotiates the transaction in the course of employment; or
               (11)  the purchase, sale, or lease of real property for
  a limited liability company by:
                     (A)  a manager or managing member of the limited
  liability company;
                     (B)  an employee of a manager or managing member
  of the limited liability company who negotiates the transaction in
  the course of employment; or
                     (C)  an employee or member of the limited
  liability company who negotiates the transaction in the course of
  employment.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution. If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2023.