Texas Occupations Code 1201.007 – Exception for Real Estate Brokers and Salespersons
Current as of: 2024 | Check for updates
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Terms Used In Texas Occupations Code 1201.007
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
This chapter does not:
(1) modify or amend Chapter 1101 or 1102; or
(2) apply to a person who is licensed as a real estate broker or salesperson under Chapter 1101 and who, as agent of a buyer or seller, negotiates the sale or lease of a manufactured home and the real property to which the home is attached if:
(A) the same person is the record owner of both the manufactured home and the real property; and
(B) the sale or lease occurs in a single real estate transaction.