1101.0045 – EQUITABLE INTERESTS IN REAL PROPERTY. (a) A
Texas Occupations Code § 1101.0045
Summary
This law allows individuals to acquire and sell options or interests in real estate contracts without needing a real estate license, provided they do not engage in brokerage activities. It requires them to disclose the nature of their equitable interest in writing.
Allows unlicensed individuals to sell options on real property contracts.
Must not engage in real estate brokerage activities.
Written disclosure of the equitable interest is required.
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In simple terms: Learn about Texas's EQUITABLE INTERESTS IN REAL PROPERTY. (a) A law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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