EonorablaSldrmy L6thga OpinionNo. O-6065
seoret8wyof state Rrr Authorityof seourltiss
Austin,Texac Divialonto lssw Aaal
Estate Sal66m6n'sLicsmee
‘mQ6~’ AFti 65738, V.A.iX.,
to pslwQn6not to b6 mqlloyad
by a llC6M6Q Beal Rstaok
Dew-1 I&Q&r.
Your office,throughths Xomrable &rQCe 8. 8666ion6,
SecuritiesC~snlon6r, ha6 r6cpent6dan opl.nlOn of this depfirt-
mant an t&6 fr3llovong
nutt6r:
aSoatlan 2 of the Aat emmtonly lmmm m tha Real
Rstak D6al8r6Llo6ns6Aat, (Ark. 6573r, Venon~u Anno-
tst6d Cl711 statute8 of Texas)befin a Rml 'L3t6tn
~~lgf&l sRwllmwb3 s6l66Mni6rtb6p 0866 Ot
. fhatloa 236nwerak6 ae~taln lx e r ans
'T p t to
the66 d6fititiMU QYMIjWOVid66 that ths Act 6w1 have
no applicationtkmrsto. W6 wish to lmow w&tbr the
secwltlm Mvlrion 18 authorlrad,unasr the *bo+s
provlrion6, to ir6u6 Ro*k Betat6 SalssPIn*rLlo6n6ea
t8 personsvho ~~~notto k asployetlby lic6su6dRaal
Rstata Dwlare, but who UI to b6 6mploy64by psnon6
srsloptul SPCISsuch 1166a668uader tb6 Ad."
bf6 find M %@6XR6 d6oi6im6 bQPw rrpojl tht6 q&166-
tlm anndWI must tlssreiomlook to t&6 etatutsslnvolveufor
mr armmr. Relevantwrtlons of Art1616 557% ar6 a6 follsiav
%C* a. la6 followlrig t6rms shall, Imlsss the
context oth6rvlseindicat66,hrve the f~lbvixag rstmnincsst
‘(8). (1). Th6 t&m 'Rsel?sutatsDaaler shall
l.BchKb 6VeX’y p6FQQBQl'CaogmY, OthSrthQll Q 66166ZNIIl,
snllucm6eQ aBd P6glstur6QQtkrmeys, vho for smrther
oroth6rs for casp6n6atlanor oth6r vQltmbl.6
6omlcI6rQ-
tion,or whovithth6 int6ntioa orln th6 6%p6cktion
of upon the proal6eof a6661** or coLl6atlngaimp6n-
aatlon or other valu6blrconsldaratlon,fl8t8 for 8816
lSefl8, OXOh P6tlt8, or 0W6r8,
b”Q’S, 8 or attmpda
or tip3es to oolfaotrsnt for thn we of real ertste, or'
ncgJtlat68,or off6r6, op att6mpte4,or a&r966 tc nego-
tiate s loim, securedor to b6 eocuredby mortgage or
other lncumbranceupon or tranefsrof real estate;cm
Honorable Sldm~yLat.hm,paee 2
auctiona, or oSfers, or attempts, or agrees to auction
slyr X'6ti 66tQts; Ql' U~&iOW Or OffW'S, OX' QttmtS,
or egrees to apgr8lss any r68 i eatate; or who advertiaee,
or holds ltaelf, hlmsslf, or themsalves out Qa eng4qecl
in the buSine8S of SolLLi~, exch6ngLng, buying ranting,
or 1rQslng MQl B8tQt@, or QQliStll or direct8 ln the
pcuring or proapec ts , or tha negotiation OF closLr~
of any tranaactlon which 6~~8 or ia calculated to
result in tha sale, excbQnge, leasing, or renting o;
any real OlltQtO, or who buys or orfero to buy, sells
or offor8 to.r&l, or Otherwlee deala ln op@ions on renL
eetate or in the lmpmvessnts thereon.
l(2). Tha t6rm 'Real E8tata Dealer' shall also
include my p6rmm or ctmp6ny eQ~ployed by or on b&alp’
of the ovrmr or ovner8 of lo,ta or othsr parcel.3 of reel
f3itcto at a stated salary,ar upon a comniselon, or upo:?
a ealary tmd comloslon besls, or otherwlss, to sell
euch real estate in 8ny parts thereof, in lots or Ckh@P
parcels, %nd vha sbal]. sell or exchfinge, or offers, or
attenipto, or tqrsea to negotiate tha sale or exchan~a
of anr such lot or pcrrcsl of real estate; provided,
hwmver, if tinemm? of lots OP othm pamals is en-
&QgcSd fn ths bUSiaeS6 Of bUylIt& sslliXa&, 6Xchen(&&
l.easlng, renting of popertg md hoOadin& hlnwelf out RZ
a Pull or part-time doeler In real setate, then suc!i
person employed by sold owner rnetybe 1Lcmeed as a nnlss-
am of' aald owner 3.f oald owner hro baen llamesd es a
dealer in real 6stst6.
“(3). The tam Vtedl ratate OsQlar* shpll al80
fnclud6 any p6reon or coq36ny din tb6 bulins68
of buying, mlllng, exchQn& lng, renting of
poparty on hirs or ltu own account and holding hlnmeli
3r ltsalf out as a f&ill or part-timn dealar in real
eetatn.
"(b). The term 'Real Eatat Salsanmn~ ahal‘L awan
md include 6x1~ perem m company employed or mga&cru
bg or in behalf of a licensed rim1 estate decnler to do
3r deal in any act, aacs, or tranaactLona a& out and
comprehended by the d6Slnltlon of a 'Real Fatatc lkalsrp
In 3aotlon 2, Subreotion (Q) of thls Act.
"(c) If the s6n84 require8 It, vorda in the present
tense incluQ the ruturs t6n8e: in the nrrrcullne gmder,
include the tetinlnsor nsuMr gentler; in the alngulsr
nmbar, Include the plural number; in phral number,
include t5e singular nw&w; tmfls my bo rbad *or * :
mi; (or’ mr.y be rc~d ‘cJIQ’.
Honorable 8ldneyLemam, pi&p 3
R3t3C. 5. The proviaionu of this Act ahall not
apply to, and tha temos ‘Real YCaCato Datllar’ ana ‘Resl
Eata* Salesmen, an above 6bflneU, shall not Lncluder
“(a). A&y person or cosqmny vho, as owneb or
losaw, hall perform any or the ecta set out in
Sectton 2, Subdivision (a) with rcfarence to property
owned or leased bar~theui,of to ths ropder tmpl3g-ees
thered w:th roferenca to the property omnaci or ltased
by such param or company vhere such ~acta &we parformsr!
ln the regular ~course of, or a6 incldant. to, the mngge-
ment of uuch proparty and the fnvnstxmnt timrein, unlear
9cch person or compnny is engage4 In the bua~tna~s sf
buyIn&, selling, ezcheutglng, leasing, or renting cf
property adl ha- hlJMelf or irsalr out 8.s PI full or
pert-tire8 dealer i.n reti eatate.
“(b). Paraona netInS aa En atzLoneg f.n facti mdnr
a duly cxecuIx?d pnver of sttorneg rrm th owner lwthorlz-
Ing the final conuunrmatfon bg perScwmnc* of ring cmtrect
fey the sale, leeslng, m exchange of ma1 estata; aer-
iricsa rendsred by fin attorney et lav, recaiver, tms~ec
in bankPupt.cy, cdmInlat;rntor, or exet~tirr, “or an parson
do- any of the acts ageclfled in Saothn 2, S,ubdivinLsn
(a) of thic Act under order of any coert; a rrustae act-
ing under R trust egrsanrent, dead of LX&, m will, c?
ths regular salmlsd employees there&.
Eonox-able Sldmg Latbalm,pflgtl4
la, according k, Section Z(b), a pion or
by a "l%emmed sleek% dealos and under
section 6(f) an a@fc.atlon asl. a 1laloemn~8 lloer+e murt be
accoupanlMI by a ver3Jled VFlttsn statement by the dsalar
into whose eervice he 1s about to enter, certLf~glng that in
his opinion tlm a+cant Is *nest, truthhl, and of good
reputation. . ., .
ve conclude that the aeowitlec Mvlaion of ths
offics of tbit sacrotary of State 16 not autharired to lmuaa
RealEatata Salhman~sllean15e to appUomt who iam to
Y
ahov that he its to be employed by a icansed Real %Mate
Dealer. It vould follow t&t the employra of' one exempt
under the Act rsmlwho holda no Real Rotate Dealer'e Llcsnoe,
voold not be a propar subject far a sales~~s license.
It 18 slnoercrly hoped that opinion wll.1 pro-fe
th9.s
of 80s~ eeelatmcn to you In adalnleterlnz the Act.
very truly your8
ATTOm '3ERERAL OP TKXAS
OK BU
APPROVZD OCT. 1.3, 1944
(signed) CAM&S ASIiU!X
FIRST ASSXYI’AWT ATTORR8Y OKRBRAL
APPROVED O?INIQ?J oowu~
By B.W.B. ,chelman