Contents
Form Example
TEXAS REAL ESTATE COMMISSION
P.O. Box 12188
Austin, Texas
www.trec.texas.gov |
(512) |
APPLICATION FOR BROKER LICENSE BY A BUSINESS ENTITY
(PLEASE READ ALL INFORMATION CAREFULLY)
IF THE BUSINESS ENTITY HELD A TEXAS BROKER LICENSE DURING THE PRECEDING SIX MONTHS, CONTACT
THE COMMISSION FOR THE CORRECT APPLICATION FORM.
DO NOT USE THIS FORM
The Real Estate License Act requires a business entity (corporation, LLC or partnership) to be licensed as a real estate broker if the business entity provides brokerage services. The attached form may be used by a business entity in applying for a Texas Real Estate Broker license.
A corporation is required to designate one of its officers to act for it. An LLC is required to designate a manager to act for it. A general partner of a partnership is required to be designated to act for it. For the application to be approved and a license issued, the designated officer, manager or partner must be individually licensed as an active Texas real estate broker (designated broker) and will have the authority to act as a real estate agent on behalf of the business entity.
A business entity chartered in a state other than Texas may obtain a Texas broker license, but to be eligible to apply it must be licensed as a real estate broker by the state of its incorporation or organization or by the state in which it is permitted to engage in real estate brokerage as a foreign business entity. The business entity must procure from the agency which administers such laws in the other state a certificate recognizing the standing of the business entity in that state and file the certificate as part of its Texas application. A business entity which is not licensed in the state of its incorporation or organization must also apply for a Texas license upon proof that such state does not license business entities as brokers and that the business entity is lawfully engaged in the practice of real estate brokerage in the other state, as well as meet all other requirements to apply for a Texas license.
A current "Certificate of Good Standing" (issued within 21 days prior to the date of this application) must be provided with this application. This certificate is available from the TEXAS COMPTROLLER OF PUBLIC ACCOUNTS in Austin.
1.An application by a business entity cannot be approved unless its designated broker is individually licensed as an active Texas real estate broker. If the designated broker does not own at least 10% of the entity, the entity must maintain E&O insurance in the amount of $1 million. Attach BE
2.FEES REQUIRED WITH A REAL ESTATE BROKER APPLICATION BY A BUSINESS ENTITY.
Application Processing Fee as follows:
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$123.00 |
TREC Application Fee for LLC |
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$20.00 |
Real Estate Research Center at Texas A&M University |
$143.00 |
TOTAL |
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$10.00 |
Recovery Fund Fee (if not previously paid) |
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$20.00 |
Paper filing fee for any application available online. |
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ALL FEES MUST BE SUBMITTED AT THE TIME OF FILING THE APPLICATION.
3.ALL REQUIRED FEES MUST BE SUBMITTED WITH THE APPLICATION. AN APPLICATION SUBMITTED WITHOUT THE APPROPRIATE FEES WILL BE REJECTED AND RETURNED. All fees should be paid byCASHIERS CHECK, PERSONAL CHECK OR MONEY ORDER payable to the Texas Real Estate Commission. DO NOT PAY WITH CASH.
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4.Filing an application authorizes an investigation of the applicant's background. Information revealed in an investigation may be cause for disapproval of an application even though other requirements for a license are met.
NOTE: An incomplete application will not be returned for completion. If the application is incomplete, a
letter will be mailed requesting that the deficiency be remedied.
5.Fingerprints for this license will be required from the designated broker of the business entity. An applicant who has not been previously fingerprinted for TREC must pay a fee to DPS to get fingerprinted and satisfy the statutory requirement for honesty, trustworthiness and integrity. Each licensee is required by law to have fingerprints on file with the Department of Public Safety (DPS) for TREC. Fingerprints on file for other agencies will not be accepted. The license will issue once all licensing requirements are met and TREC receives confirmation from DPS that the applicant's fingerprints are on file. The applicant will be required to pay a fee for a background check with each renewal. The applicant must present a completed FAST Pass at the time of fingerprinting. For directions on how to download the FAST pass and make an appointment to get fingerprints taken go to http://www.trec.texas.gov/fastpass. The digital fingerprinting process may take up to 10 days, so plan accordingly. An applicant must pay a license application fee AND a fingerprint fee.
IF ALL REQUIREMENTS FOR A LICENSE ARE NOT MET WITHIN ONE (1) YEAR OF THE FILING
DATE, THE APPLICATION WILL EXPIRE.
NOTE
State law prohibits the agency from renewing a license after a licensee has defaulted on a student loan guaranteed by the Texas Guaranteed Student Loan Corporation (TG) unless the licensee has entered into a repayment agreement with TG. YOU SHOULD CONTACT TG BEFORE FILING THIS APPLICATION if you have defaulted on a student loan. A renewal may be declined if this agency has received information from TG that the applicant has defaulted on a student loan. The Texas Guaranteed Student Loan Corporation can be contacted at:
Texas Guaranteed Student Loan Corporation
P.O. Box 83100
Round Rock, TX
Telephone:
PRIVACY NOTICE
In accordance with Chapter 559, Government Code, the following notice about certain information laws and practices is given.
(1)With few exceptions, an individual is entitled on request to be informed about theinformation that a state governmental body collects about the individual.
(2)Under Sections 552.021 and 552.023 of the Government Code, the individual is entitled to receive and review the information.
(3)Under Section 559.004 of the Government Code, the individual is entitled to have the governmental body correct information about the individual that is incorrect.
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Texas Real Estate Commission
P.O. Box 12188
Austin, Texas
(512)
REAL ESTATE BROKER LICENSE BY A BUSINESS ENTITY
FEE
RECEIPT NUMBER
AMOUNT
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Application Fee |
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$143.00 |
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Recovery Fund Fee |
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$10.00 |
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Paper Filing Fee |
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$20.00 |
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License # |
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NOTE: ALL INFORMATION MUST BE TYPED OR PRINTED IN INK |
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1. License Type: |
Corporation |
Limited Liability Company |
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Partnership |
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2. Name of Business Entity: |
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EIN# |
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A "Certificate of Good Standing" must accompany the application.
A current "Certificate of Good Standing" dated within 21 days prior to the date of the application must be provided with this application as evidence that there is no delinquent tax owed the State under Chapter 171 Tax Code. This certificate is available from the TEXAS COMPTROLLER OF PUBLIC ACCOUNTS. The business entity must designate an officer, manager or partner to act for it who is licensed as an active Texas real estate broker.
3.Business Address (Fixed Office): STREET ADDRESS MUST BE DESIGNATED BELOW. (A license will not be issued to a P.O.
Box only)
Number, Street and Apt. No. |
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FAX Number: |
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4. Mailing Address and Contact Information (Post Office Box may be used):
Number, Street and Apt. No. |
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FAX NUMBER: |
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5. Has the business been licensed in Texas in the last five (5) years?
Yes
No
If the answer is "Yes" enter the TREC license number here.
6. Has the business entity been licensed as a real estate broker in a state other than Texas within the last |
Yes |
five (5) years? |
No
If the answer is YES, you must complete the applicable sections of the Background History Form located at http://www.trec.texas.gov/pdf/forms/miscellaneous/BackgroundHistory.pdf.
This document is available on the TREC website at www.trec.texas.gov
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7. (a) Has the business entity or its designated broker ever had a professional or occupational license in this
state or any other state suspended, canceled or revoked, or ever surrendered such a license? |
Yes |
(b) Has the business entity or its designated broker ever had an application for a professional |
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occupational license disapproved or denied in this state or any other state? |
Yes |
(c) Are there any disciplinary hearings or investigations pending against any professional or occupational |
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licenses held by the business entity or its designated broker ? |
Yes |
If the answer to (a), (b), or (c) is YES, you must complete the applicable sections of the Background History Form located at http://www.trec.texas.gov/pdf/forms/miscellaneous/BackgroundHistory.pdf.
No
No
No
8. Are there any unpaid judgments pending against the business entity or its designated broker?
If the answer is YES, you must complete the applicable sections of the Background History Form located at http://www.trec.texas.gov/pdf/forms/miscellaneous/BackgroundHistory.pdf.
Yes
No
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Has the business entity or its designated broker ever been convicted of a criminal offense? (Include |
Yes |
No |
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all felonies and misdemeanors other than minor traffic tickets.) |
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Has the business entity or its designated broker ever been placed on parole, probation or community |
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supervision (also known as deferred adjudication) regardless of whether the case was dismissed or |
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No |
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discharged? |
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Are there any criminal charges pending against the business entity or its designated broker? |
Yes |
No |
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If the answer to (a), (b), or (c) is YES, you must complete the applicable sections of the Background History Form located at http://www.trec.texas.gov/pdf/forms/miscellaneous/BackgroundHistory.pdf.
10. Has the business entity or its designated broker ever acted, or attempted to act, as a real estate broker or
salesperson or appraiser in this state or in any other state at a time when not properly licensed? 
Yes 
No (Include all periods in which you acted either before obtaining a license or after a license may have
expired.)
If the answer is YES, you must complete the applicable sections of the Background History Form located at http://www.trec.texas.gov/pdf/forms/miscellaneous/BackgroundHistory.pdf.
11.List below the name and address of the Corporation President, the Limited Liability Company Manager or the Managing Partner.
Name
Number Street |
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12.Business name(s) to be assumed (if any):
The following four (4) questions pertain to the designated broker of the business entity. If the designated broker does
not own at least 10% of the business, attach BE
13.Full Name of the designated broker:
14.Office held (must be president,
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15. Designated broker's Texas real estate broker license number:
16.Does the designated broker own 10% or more of the business entity?
If the answer to question #16 is yes please provide proof of ownership, if no attach BE
Yes |
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CERTIFICATION
We certify that the information reflected in this application is true and correct to the best of our knowledge and that we are authorized to execute this application on behalf of the business entity. We further certify that the business entity has complied with all statutes, rules and regulations required of it to conduct business in this state. We understand that providing answers that are not true, correct, and complete is grounds for disapproval of this application or revocation of the license. We authorize the Texas Real Estate Commission to conduct any investigations of the business entity which it deems prudent. We understand that information revealed in an investigation may be cause for disapproval of the application even though other requirements for a license have been met. We further understand that all information submitted in conjunction with this application may become a public record. If granted a license, the business entity will abide by the provisions of The Real Estate License Act and the Rules of the Texas Real Estate Commission.
We further certify that the business entity will promptly provide to TREC upon request all business formation, ownership and representative authorization records and changes thereto required to be kept by the business entity by law, including those required by the Secretary of State and the Texas Comptroller.
WE CERTIFY THAT THE BUSINESS ENTITY WILL NOT ENGAGE IN ANY REAL ESTATE BROKERAGE ACTIVITY UNTIL THE TEXAS REAL ESTATE COMMISSION LICENSE CERTIFICATE IS IN THE POSSESSION OF THE BUSINESS ENTITY .
Typed or Printed Name of the Designated Broker of |
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Signature of the Designated Broker of the Business Entity |
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the Business Entity |
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Typed or Printed Name of the Corporation |
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Signature of the Corporation President, the Limited Liability Company Manager or the |
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President, the Limited Liability Company Manager |
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Managing Partner |
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or the Managing Partner |
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More PDF Templates
Simple Car Bill of Sale - Signature of the owner or authorized agent is mandatory to validate the information provided.
Texas Medical Board Form L - Evaluating physicians must adhere to specific conditions under the Medical Practice Act.
Real Estate Agreement of Sale - The escrow agent mentioned in the contract serves as a neutral party handling funds and documentation.
Common mistakes
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Incomplete Fees: One common mistake is failing to submit all required fees at the time of application. If the application does not include the appropriate fees, it will be rejected and returned.
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Missing Certificate of Good Standing: Applicants often overlook the need for a current "Certificate of Good Standing." This certificate must be dated within 21 days prior to the application submission.
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Incorrect Designated Broker Information: It is crucial to ensure that the designated broker is individually licensed as an active Texas real estate broker. If this requirement is not met, the application cannot be approved.
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Failure to Provide Ownership Proof: If the designated broker owns 10% or more of the business entity, proof of ownership must be included. This can be in the form of a resolution, minutes, or other official records.
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Neglecting Background History Requirements: Applicants sometimes forget to complete the Background History Form if they answer "Yes" to questions regarding past license issues or criminal offenses.
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Improper Contact Information: Providing inaccurate or incomplete contact information can lead to delays. Ensure that all addresses and phone numbers are correct and complete.
Key takeaways
Filling out the Texas BBE 1 form is a crucial step for business entities seeking a real estate broker license in Texas. Below are key takeaways to consider when completing and using this form:
- Eligibility Requirements: A business entity, such as a corporation or LLC, must be licensed as a real estate broker if it provides brokerage services.
- Designated Representative: Each business entity must designate an officer, manager, or partner who is an active Texas real estate broker. This individual will represent the entity in all brokerage matters.
- Ownership Percentage: If the designated broker does not own at least 10% of the business entity, the entity must maintain errors and omissions (E&O) insurance of $1 million.
- Application Fees: The total application fee is $143, which includes various components. Ensure all fees are submitted with the application to avoid rejection.
- Good Standing Certificate: A current "Certificate of Good Standing," issued within the last 21 days, must accompany the application. This certificate verifies that the entity has no delinquent taxes owed to the state.
- Background Check: Filing the application authorizes a background investigation. Any issues uncovered may lead to disapproval, even if other requirements are met.
- Fingerprint Requirement: The designated broker must provide fingerprints to the Department of Public Safety (DPS). This is a statutory requirement for honesty and integrity.
- Application Expiration: If all licensing requirements are not fulfilled within one year from the application date, the application will expire.
- Loan Default Implications: State law prohibits license renewal for individuals who have defaulted on student loans guaranteed by the Texas Guaranteed Student Loan Corporation (TG).
- Public Record Notice: Information submitted in the application may become a public record, and applicants should be aware of the implications of this transparency.
Understanding these key points can help streamline the application process and ensure compliance with Texas regulations for real estate brokerage. Proper preparation and attention to detail are essential for success in obtaining a broker license.
Steps to Using Texas Bbe 1
Completing the Texas BBE 1 form is a crucial step for a business entity seeking to obtain a real estate broker license in Texas. The process involves gathering necessary documentation, filling out specific sections of the form, and ensuring that all required fees are submitted. Below are the steps to follow for a successful application.
- Obtain the Texas BBE 1 form from the Texas Real Estate Commission (TREC) website or their office.
- Read all instructions carefully to ensure compliance with requirements.
- Identify the type of business entity: Corporation, Limited Liability Company (LLC), or Partnership.
- Enter the name of the business entity and its Employer Identification Number (EIN).
- Provide a current "Certificate of Good Standing," issued within the last 21 days, from the Texas Comptroller of Public Accounts.
- Designate an officer, manager, or partner to act on behalf of the entity, ensuring this individual is an active Texas real estate broker.
- Fill in the fixed business address, ensuring it is not a P.O. Box.
- Complete the mailing address section, which can include a P.O. Box.
- Answer questions regarding previous licensing in Texas and other states, including any disciplinary actions or criminal history.
- List the name and address of the designated broker and their Texas real estate broker license number.
- Indicate whether the designated broker owns 10% or more of the business entity and provide proof of ownership if applicable.
- Complete the certification section, confirming the accuracy of the information provided.
- Gather all required fees: Application Processing Fee, Recovery Fund Fee, and any applicable paper filing fees. Ensure payment is made via cashier's check, personal check, or money order payable to TREC.
- Submit the completed application, along with all required documentation and fees, to the Texas Real Estate Commission.
After submission, the application will undergo a review process. If any issues arise, TREC will contact the designated broker for clarification or additional information. It is important to monitor the application status and respond promptly to any inquiries to ensure a smooth licensing process.