Texas Real Estate Commission rules govern the activities of your unlicensed assistants. Here are five areas where your unlicensed assistants can get in trouble.
Showing Property
A license is required to show property for sale or lease. An unlicensed assistant isn’t allowed to host an open house or unlock the door for a client if you’re running late.
Suggesting Properties
You can hire an unlicensed person to answer phones for your brokerage. After first identifying himself or herself as being unlicensed, that person may then confirm advertised details about a listing, such as whether a specific property is still available. For example, if a potential buyer calls about a property that’s no longer on the market, the unlicensed assistant must refer the caller to you, the license holder, to discuss other properties that might meet his criteria.
If you have your unlicensed assistant gather personal information from consumers who contact you, make sure any questions the assistant asks do not veer into soliciting or negotiating for services where a license is required.
Soliciting Business
An unlicensed person may call a seller client to schedule showings; however, he or she cannot call prospects to solicit business, such as finding tenants or buyers for a property.
Advising Agents
An unlicensed office manager may train and motivate agents. But that person can’t supervise or direct agents in their work on real estate matters.
Accepting Rent
A license is required for any person who controls the acceptance or deposit of rent from a resident of a single-family residential property.
I really think that the rules around what an assistant can do is a little to conservative. Mortgage brokers and insurance agents can have unlicensed assistant that can do a majority of the work that is done in their industry but in real estate it seems overly constrained.
I think you have the title wrong – not licensed, not an agent!
Agree, unlicensed assistant not agent.
How can I print just the article?
Most sellers and buyer’s have no idea what in costs a broker/agent to market and the hours and misc. expenses the agents pay out of their pockets to get their home sold or for buying a home. All they have ever heard is how rich the agents get at their expense. There are a lot of agents that by the time they gather the information to help the seller’s decide on the price for their home, or with the buyer’s and cost doing the research to find that perfect house for them. Let me go over a few expenses both… Read more »