Texas Additional Terms - Standard License

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Multi-State
Control #:
US-ENTREP-0016-1
Format:
Word; 
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Description

A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor. In exchange, the licensee usually submits to a series of conditions regarding the use of the licensor's property and agrees to conditions set forth. This "Additional Terms" form further lays out conditions and terms for the aggrement.
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FAQ

Section 535.155 - Advertisements (a) Each advertisement must include the following in a readily noticeable location in the advertisement: (1) the name of the license holder or team placing the advertisement; and (2) the broker's name in at least half the size of the largest contact information for any sales agent, ...

All in-state candidates must complete the following in no less than 18 months and no more than 60 months: ? 1,500 or more hours of supervised direct counseling practice ? 3,000 or more hours of supervised practice (direct and indirect combined) Upon completion of the required supervised experience, the LPC Associate ...

Only advertise listed properties with authorization from the listing agent. Identify yourself as a real estate agent and include the name of the brokerage firm you work within all advertising. Be totally honest in your advertising by avoiding exaggerations and misrepresentations about the property.

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

TREC requires you to include your broker's name in a clear and conspicuous manner and a designation that clearly identifies you as a real estate agent, such as agent, broker, or REALTOR®, in your advertisements. You should also avoid deceptive or misleading advertising.

TREC Rule §535.2(i)(2) requires a broker to maintain current written policies and procedures to ensure that each sponsored salesperson maintains a license in active status at all times while engaging in real estate activities. Notice to agents of changes to laws, rules, or forms: Why does this need to be in my manual?

The regulations apply to business cards, stationery, brochures, flyers, advertisements on any type of media, and all signs (unless there is no contact information, such as generic directional or open house signs).

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Texas Additional Terms - Standard License