Texas Real Estate Commission

• Corporations 
• Limited Liability Companies
• General Partnerships

• If the designated broker owns 10% or more of the business entity, proof of ownership must be provided. Examples:
  • Corporations:  
    • Stock Certificates;
    • IRS Schedules K-1, C, or G;
    • Corporate Resolution or Meeting Minutes signed by Directors or all Shareholders (must include a copy of the Articles of Incorporation and/or Bylaws)
  • Limited Liability Companies:
    • Operating Agreement;
    • IRS Schedules K-1, C, or G.
  • General Partnerships:
    • Partnership Agreement;
    • IRS Schedules K-1, C, or G. 

If the designated broker does not own at least 10% of the business entity, proof of E&O insurance for the entity must be provided. 

• A business entity must designate an active Texas real estate broker to act for it. The designated broker must be a managing officer of the business entity and must be in good standing with the Commission. 
• The designated broker must have fingerprints on file with the Department of Public Safety (DPS) for TREC in order to satisfy the statutory requirement for honesty, trustworthiness, and integrity. 
• Proof of the designated broker's current status as a managing officer, manager or managing member, or general partner for the business entity.
• Examples of acceptable proof of managing authority include the following:
  • Corporation:
    • Corporate Resolution or Meeting Minutes signed by Directors or all Shareholders - must include a copy of Articles of Incorporation and/or Bylaws;
    • Officers and Directors Info from the Franchise Tax Account Status page results;
    • Articles of Incorporation or Certificate of Amendment filed with the Secretary of State's office
  • Limited Liability Company (LLC):
    • Operating Agreement signed by all Members;
    • Officers and Directors Info from the Franchise Tax Account Status page results;
    • Certificate of Formation or Certificate of Amendment filed with the Secretary of State's Office; Company Resolution
  • Partnership:
    • Partnership Agreement signed by all Partners

A business entity created or chartered in another state must submit proof that the business entity: is licensed as a broker by the state in which it was created or chartered, is licensed as a broker in a state in which it is permitted to engage in real estate brokerage business as a foreign business entity, was created or chartered in a state that does not license business entities, and the entity is lawfully engaged in the practice of real estate brokerage in that state.