Tex. Occ. Code § 1101.363

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1101.363 - Issuance of License

(a) The commission shall issue an appropriate license to an applicant who meets the requirements for a license.

(b) The commission may issue an inactive sales agent license to a person who applies for a sales agent license and satisfies all requirements for the license. The person may not act as a sales agent unless the person is sponsored by a licensed broker who has notified the commission as required by Section 1101.367(b).

(c) A license remains in effect for the period prescribed by the commission if the license holder complies with this chapter and pays the appropriate renewal fees.

Tex. Occ. Code § 1101.363

Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1158,Sec. 41, eff. 1/1/2016.

Amended by Acts 2003, 78th Leg., ch. 15, Sec. 5, eff. 9/1/2003

Amended By Acts 2003, 78th Leg., ch. 1276, Sec. 14A.158(b), eff. 9/1/2003.

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. 6/1/2003.