SB1172 exempts certain real estate transactions from Texas Real Estate Commission regulation.

SB1172 amends the Texas Occupations Code to exempt specific real estate transactions from regulation by the Texas Real Estate Commission. These include transactions involving minerals, mining, quarries, water, standing timber, and other energy sources. Additionally, it exempts transactions conducted by attorneys, public officials, auctioneers, and those acting under court orders or trust instruments. The bill also exempts transactions involving limited partnerships and limited liability companies, provided they are conducted by specific company officials or employees.

SB1172 exempts certain real estate transactions from Texas Real Estate Commission regulation.

SB1172 amends the Texas Occupations Code to exempt specific real estate transactions from regulation by the Texas Real Estate Commission. These include transactions involving minerals, mining, quarries, water, standing timber, and other energy sources. Additionally, it exempts transactions conducted by attorneys, public officials, auctioneers, and those acting under court orders or trust instruments. The bill also exempts transactions involving limited partnerships and limited liability companies, provided they are conducted by specific company officials or employees.