I know that Texas Real Estate Commission rules require a broker to maintain written policies and procedures for the broker’s sponsored sales agents. I recently got my broker’s license, but I don’t sponsor any agents. Am I still required to have a manual?
No. Only a broker who sponsors sales agents or is a designated broker for a business entity must maintain up-to-date written policies and procedures. A broker who sponsors sales agents is subject to this rule regardless of how long the broker sponsors the sales agents. A broker who is the designated broker for a business entity is subject to this rule whether or not the business entity sponsors sales agents.
For brokers who are required to have written policies and procedures, Texas REALTORS® offers two helpful resources:
- The Broker Responsibility Guide highlights statutes and rules that need to be addressed in a broker’s office policy manual. This guide is a free benefit for all members.
- The Model Brokerage Policies and Procedures Manual is available exclusively to members for $99.99 (includes free updates). This manual gives brokerages instant compliance with TREC requirements to maintain written policies and procedures.
Find these resources at texasrealestate.com > For REALTOR® Members > Legal & Ethics > Manuals and Guides.