87R6250 MAW-D
By: Leach H.B. No. 3608
A BILL TO BE ENTITLED
AN ACT
relating to a rental locator permit issued by the Texas Real Estate
Commission; authorizing a fee.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 1101, Occupations Code, is amended by
adding Subchapter K-1 to read as follows:
SUBCHAPTER K-1. RENTAL LOCATOR PERMIT REQUIREMENTS
Sec. 1101.521. RENTAL LOCATOR PERMIT. (a) The commission
shall adopt rules to provide for the issuance of a rental locator
permit to an applicant who:
(1) is 18 years of age or older;
(2) has a high school diploma or the equivalent of a
high school diploma;
(3) completes a training course on rental locating
approved by the commission;
(4) has not, in the two years preceding the date of the
application, held a rental locator permit issued under this
section;
(5) is sponsored by a licensed broker;
(6) is currently enrolled in qualifying real estate
courses required for a sales agent or broker license; and
(7) pays an application fee in an amount set by the
commission.
(b) A rental locator permit expires on the 120th day after
the date of issuance and may not be renewed.
(c) Notwithstanding Section 1101.351(a), a person who holds
a permit issued under this section may act as a residential rental
locator. The permit holder must be supervised by the sponsoring
broker.
SECTION 2. This Act takes effect September 1, 2021.