An attorney licensed and eligible to practice law in Texas is exempt from the requirements of the Act but cannot sponsor real estate sales agents or act as the designated broker for a licensed business entity unless the attorney is also licensed as a real estate broker. This provision does not waive the standards of eligibility and qualification elsewhere established in the Act.

Source Note: The provisions of this §535.31 adopted to be effective January 1, 1976; amended to be effective March 19, 1990, 15 TexReg 1235; amended to be effective April 14, 1998, 23 TexReg 3682; amended to be effective July 1, 1999, 24 TexReg 4825; amended to be effective January 1, 2004, 28 TexReg 9541; amended to be effective January 1, 2011, 35 TexReg 11676; amended to be effective November 1, 2011, 36 TexReg 7326; amended to be effective January 1, 2015, 39 TexReg 9669; amended to be effective June 11, 2023, 48 TexReg 2948