What brokers should know about having multiple offices
06/23/2016 | Author: TAR Legal Staff
Can a broker have multiple offices? If so, is there a limit on how many branch offices a broker can have?
A broker can have more than one branch office, and there is no limit on how many a broker can have. However, a broker must obtain a branch office license from the Texas Real Estate Commission for each location at which the broker or her agents meet with clients and customers to transact business.
To obtain a branch office license, brokers must complete an application and pay a $50 application fee for each office. Branch office licenses must also be renewed and expire when the main office license expires.
Find more useful legal information in the June issue of Texas REALTOR® magazine.
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