Exempts certain real estate transactions from regulation by the Texas Real Estate Commission.
The bill amends the Texas Occupations Code to exempt specific real estate transactions from regulation by the Texas Real Estate Commission. These exemptions include transactions conducted by attorneys, public officials, auctioneers, and individuals acting under court orders or authority of wills or trust instruments. It also exempts transactions involving minerals, water, standing timber, and other energy sources. Additionally, it exempts transactions conducted by employees of limited partnerships and limited liability companies in the course of their employment.
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