Tex. Occupations Code § 1101.0045
EQUITABLE INTERESTS IN REAL PROPERTY
Texas · Texas Occupations Code · Status: effective
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- Citation
- Tex. Occupations Code § 1101.0045, EQUITABLE INTERESTS IN REAL PROPERTY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/701739
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Full text
(a) A person may acquire an option or an interest in a contract to purchase real property and then sell or offer to sell the option or assign or offer to assign the contract without holding a license issued under this chapter if the person:
(1) does not use the option or contract to purchase to engage in real estate brokerage; and
(2) discloses in writing the nature of the equitable interest to any seller or potential buyer.
(b) A person selling or offering to sell an option or assigning or offering to assign an interest in a contract to purchase real property without disclosing the nature of that interest as provided by Subsection (a)(2) is engaging in real estate brokerage.