Hello,
I am owning few rental properties in TX and out of state with my primary residence in WA.
I decided to study for TX real estate license. Now that I am about to finish the classes I need to establish TX residency. Please advice how someone from another state can establish TX residency without actually moving to TX. Thank you!
As the previous Realtor stated, I am a Texas Real Estate Broker and I am not qualified to give legal advice. You must seek a qualified attorney for a legal opinion for any legal question. However, having been a broker for more than 40 years here in Texas I can share my experience with you. TREC requires you to be a Texas resident to become a licensed agent in Texas for a very good reason. As a licensed agent you will work under a sponsoring (Texas) broker to be active. The sponsoring broker is r...
As the previous Realtor stated, I am a Texas Real Estate Broker and I am not qualified to give legal advice. You must seek a qualified attorney for a legal opinion for any legal question. However, having been a broker for more than 40 years here in Texas I can share my experience with you. TREC requires you to be a Texas resident to become a licensed agent in Texas for a very good reason. As a licensed agent you will work under a sponsoring (Texas) broker to be active. The sponsoring broker is responsible for supervising your activities on an ongoing basis. It would not be possible for a Texas broker to properly supervise your activities if you are physically out of state and trying to conduct real estate services to Texas residents. Even the logistics of trying to serve Texas residents from out of state is somewhat perplexing. If you are seeking to participate in real estate commissions on properties you personally buy and sell, it may be more practical for you to become licensed in your state of residence, and then when you seek to participate in a transaction in Texas, ask the Texas Broker for the transaction to pay a referral fee to your Broker as a referring agent (you are referring yourself to the other Broker). Remember, all commissions must be shared Broker to Broker, then your Broker can share with you as per your agreement. If you are not actively licensed in Texas, you cannot represent clients in Texas (even yourself) without violating TREC regulations. TREC is charged with protecting the public (in Texas) and it has been my experience over 40+ years that they do a good job and take their responsibility very seriously. I urge you to not try to circumvent their residency requirement if you actually live out of state. Any TREC investigation (and they do investigate most all complaints) will uncover a noncompliant situation and you and whoever your Texas Broker might be that might participate with you will be held accountable for any noncompliance.