The Texas BBE 1 form is an application used by business entities, such as corporations, LLCs, or partnerships, to obtain a real estate broker license in Texas. This form ensures that the business entity complies with state regulations while providing brokerage services. If you're ready to apply, fill out the form by clicking the button below.
The Texas BBE 1 form is a crucial document for business entities seeking to obtain a broker license in Texas. This application is specifically designed for corporations, limited liability companies (LLCs), and partnerships that provide real estate brokerage services. A key requirement is that the business entity must designate an officer, manager, or partner who is an active Texas real estate broker to act on its behalf. This designated broker must meet specific qualifications, including ownership stakes and licensing status. Additionally, entities not incorporated in Texas must present a certificate of good standing from their home state, verifying their legal standing and compliance with local regulations. The application process includes submitting various fees, a current certificate of good standing, and undergoing a background check, which involves fingerprinting the designated broker. Incomplete applications will not be processed, emphasizing the importance of thorough preparation. The urgency of adhering to these requirements cannot be overstated, as failure to comply may result in delays or denials of the license application.
TEXAS REAL ESTATE COMMISSION
P.O. Box 12188
Austin, Texas 78711-2188
www.trec.texas.gov
(512) 936-3000
APPLICATION FOR BROKER LICENSE BY A BUSINESS ENTITY
(PLEASE READ ALL INFORMATION CAREFULLY)
IF THE BUSINESS ENTITY HELD A TEXAS BROKER LICENSE DURING THE PRECEDING SIX MONTHS, CONTACT
THE COMMISSION FOR THE CORRECT APPLICATION FORM.
DO NOT USE THIS FORM
The Real Estate License Act requires a business entity (corporation, LLC or partnership) to be licensed as a real estate broker if the business entity provides brokerage services. The attached form may be used by a business entity in applying for a Texas Real Estate Broker license.
A corporation is required to designate one of its officers to act for it. An LLC is required to designate a manager to act for it. A general partner of a partnership is required to be designated to act for it. For the application to be approved and a license issued, the designated officer, manager or partner must be individually licensed as an active Texas real estate broker (designated broker) and will have the authority to act as a real estate agent on behalf of the business entity.
A business entity chartered in a state other than Texas may obtain a Texas broker license, but to be eligible to apply it must be licensed as a real estate broker by the state of its incorporation or organization or by the state in which it is permitted to engage in real estate brokerage as a foreign business entity. The business entity must procure from the agency which administers such laws in the other state a certificate recognizing the standing of the business entity in that state and file the certificate as part of its Texas application. A business entity which is not licensed in the state of its incorporation or organization must also apply for a Texas license upon proof that such state does not license business entities as brokers and that the business entity is lawfully engaged in the practice of real estate brokerage in the other state, as well as meet all other requirements to apply for a Texas license.
A current "Certificate of Good Standing" (issued within 21 days prior to the date of this application) must be provided with this application. This certificate is available from the TEXAS COMPTROLLER OF PUBLIC ACCOUNTS in Austin.
1.An application by a business entity cannot be approved unless its designated broker is individually licensed as an active Texas real estate broker. If the designated broker does not own at least 10% of the entity, the entity must maintain E&O insurance in the amount of $1 million. Attach BE COI-0, Certificate of Insurance for a Broker Business Entity to the application if applicable. If the designated broker owns 10% or more of the entity, please provide proof of ownership, such as a resolution, minutes or other official record of the business entity.
2.FEES REQUIRED WITH A REAL ESTATE BROKER APPLICATION BY A BUSINESS ENTITY.
Application Processing Fee as follows:
$123.00
TREC Application Fee for LLC
$20.00
Real Estate Research Center at Texas A&M University
$143.00
TOTAL
$10.00
Recovery Fund Fee (if not previously paid)
Paper filing fee for any application available online.
ALL FEES MUST BE SUBMITTED AT THE TIME OF FILING THE APPLICATION.
3.ALL REQUIRED FEES MUST BE SUBMITTED WITH THE APPLICATION. AN APPLICATION SUBMITTED WITHOUT THE APPROPRIATE FEES WILL BE REJECTED AND RETURNED. All fees should be paid byCASHIERS CHECK, PERSONAL CHECK OR MONEY ORDER payable to the Texas Real Estate Commission. DO NOT PAY WITH CASH.
BBE-1 (11/2011)
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4.Filing an application authorizes an investigation of the applicant's background. Information revealed in an investigation may be cause for disapproval of an application even though other requirements for a license are met.
NOTE: An incomplete application will not be returned for completion. If the application is incomplete, a
letter will be mailed requesting that the deficiency be remedied.
5.Fingerprints for this license will be required from the designated broker of the business entity. An applicant who has not been previously fingerprinted for TREC must pay a fee to DPS to get fingerprinted and satisfy the statutory requirement for honesty, trustworthiness and integrity. Each licensee is required by law to have fingerprints on file with the Department of Public Safety (DPS) for TREC. Fingerprints on file for other agencies will not be accepted. The license will issue once all licensing requirements are met and TREC receives confirmation from DPS that the applicant's fingerprints are on file. The applicant will be required to pay a fee for a background check with each renewal. The applicant must present a completed FAST Pass at the time of fingerprinting. For directions on how to download the FAST pass and make an appointment to get fingerprints taken go to http://www.trec.texas.gov/fastpass. The digital fingerprinting process may take up to 10 days, so plan accordingly. An applicant must pay a license application fee AND a fingerprint fee.
IF ALL REQUIREMENTS FOR A LICENSE ARE NOT MET WITHIN ONE (1) YEAR OF THE FILING
DATE, THE APPLICATION WILL EXPIRE.
NOTE
State law prohibits the agency from renewing a license after a licensee has defaulted on a student loan guaranteed by the Texas Guaranteed Student Loan Corporation (TG) unless the licensee has entered into a repayment agreement with TG. YOU SHOULD CONTACT TG BEFORE FILING THIS APPLICATION if you have defaulted on a student loan. A renewal may be declined if this agency has received information from TG that the applicant has defaulted on a student loan. The Texas Guaranteed Student Loan Corporation can be contacted at:
Texas Guaranteed Student Loan Corporation
P.O. Box 83100
Round Rock, TX 78683-3100
Telephone: 1-800-252-9743
PRIVACY NOTICE
In accordance with Chapter 559, Government Code, the following notice about certain information laws and practices is given.
(1)With few exceptions, an individual is entitled on request to be informed about theinformation that a state governmental body collects about the individual.
(2)Under Sections 552.021 and 552.023 of the Government Code, the individual is entitled to receive and review the information.
(3)Under Section 559.004 of the Government Code, the individual is entitled to have the governmental body correct information about the individual that is incorrect.
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Texas Real Estate Commission
(512) 936-3000 www.trec.texas.gov
REAL ESTATE BROKER LICENSE BY A BUSINESS ENTITY
FEE
RECEIPT NUMBER
AMOUNT
MONEY TYPE
Application Fee
Recovery Fund Fee
Paper Filing Fee
App#
File#
Entity #
License #
DO NOT WRITE ABOVE THIS LINE
NOTE: ALL INFORMATION MUST BE TYPED OR PRINTED IN INK
1. License Type:
Corporation
Limited Liability Company
Partnership
2. Name of Business Entity:
EIN#
A "Certificate of Good Standing" must accompany the application.
A current "Certificate of Good Standing" dated within 21 days prior to the date of the application must be provided with this application as evidence that there is no delinquent tax owed the State under Chapter 171 Tax Code. This certificate is available from the TEXAS COMPTROLLER OF PUBLIC ACCOUNTS. The business entity must designate an officer, manager or partner to act for it who is licensed as an active Texas real estate broker.
3.Business Address (Fixed Office): STREET ADDRESS MUST BE DESIGNATED BELOW. (A license will not be issued to a P.O.
Box only)
Number, Street and Apt. No.
City
State
Zip Code
Area Code
Phone Number
FAX Number:
E-mail Address
4. Mailing Address and Contact Information (Post Office Box may be used):
FAX NUMBER:
5. Has the business been licensed in Texas in the last five (5) years?
Yes
No
If the answer is "Yes" enter the TREC license number here.
6. Has the business entity been licensed as a real estate broker in a state other than Texas within the last
five (5) years?
If the answer is YES, you must complete the applicable sections of the Background History Form located at http://www.trec.texas.gov/pdf/forms/miscellaneous/BackgroundHistory.pdf.
This document is available on the TREC website at www.trec.texas.gov
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7. (a) Has the business entity or its designated broker ever had a professional or occupational license in this
state or any other state suspended, canceled or revoked, or ever surrendered such a license?
(b) Has the business entity or its designated broker ever had an application for a professional
or
occupational license disapproved or denied in this state or any other state?
(c) Are there any disciplinary hearings or investigations pending against any professional or occupational
licenses held by the business entity or its designated broker ?
If the answer to (a), (b), or (c) is YES, you must complete the applicable sections of the Background History Form located at http://www.trec.texas.gov/pdf/forms/miscellaneous/BackgroundHistory.pdf.
8. Are there any unpaid judgments pending against the business entity or its designated broker?
9. (a)
Has the business entity or its designated broker ever been convicted of a criminal offense? (Include
all felonies and misdemeanors other than minor traffic tickets.)
(b)
Has the business entity or its designated broker ever been placed on parole, probation or community
supervision (also known as deferred adjudication) regardless of whether the case was dismissed or
discharged?
(c)
Are there any criminal charges pending against the business entity or its designated broker?
10. Has the business entity or its designated broker ever acted, or attempted to act, as a real estate broker or
salesperson or appraiser in this state or in any other state at a time when not properly licensed? Yes No (Include all periods in which you acted either before obtaining a license or after a license may have
expired.)
11.List below the name and address of the Corporation President, the Limited Liability Company Manager or the Managing Partner.
Name
Number Street
Suite No.
12.Business name(s) to be assumed (if any):
The following four (4) questions pertain to the designated broker of the business entity. If the designated broker does
not own at least 10% of the business, attach BE COI-0 to this application.
13.Full Name of the designated broker:
14.Office held (must be president, vice-president, secretary or treasurer for Corporation or manager for LLC):
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15. Designated broker's Texas real estate broker license number:
16.Does the designated broker own 10% or more of the business entity?
If the answer to question #16 is yes please provide proof of ownership, if no attach BE COI-0.
CERTIFICATION
We certify that the information reflected in this application is true and correct to the best of our knowledge and that we are authorized to execute this application on behalf of the business entity. We further certify that the business entity has complied with all statutes, rules and regulations required of it to conduct business in this state. We understand that providing answers that are not true, correct, and complete is grounds for disapproval of this application or revocation of the license. We authorize the Texas Real Estate Commission to conduct any investigations of the business entity which it deems prudent. We understand that information revealed in an investigation may be cause for disapproval of the application even though other requirements for a license have been met. We further understand that all information submitted in conjunction with this application may become a public record. If granted a license, the business entity will abide by the provisions of The Real Estate License Act and the Rules of the Texas Real Estate Commission.
We further certify that the business entity will promptly provide to TREC upon request all business formation, ownership and representative authorization records and changes thereto required to be kept by the business entity by law, including those required by the Secretary of State and the Texas Comptroller.
WE CERTIFY THAT THE BUSINESS ENTITY WILL NOT ENGAGE IN ANY REAL ESTATE BROKERAGE ACTIVITY UNTIL THE TEXAS REAL ESTATE COMMISSION LICENSE CERTIFICATE IS IN THE POSSESSION OF THE BUSINESS ENTITY .
Typed or Printed Name of the Designated Broker of
Signature of the Designated Broker of the Business Entity
Date
the Business Entity
Typed or Printed Name of the Corporation
Signature of the Corporation President, the Limited Liability Company Manager or the
President, the Limited Liability Company Manager
Managing Partner
or the Managing Partner
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Completing the Texas BBE 1 form is an essential step for business entities seeking a broker license in Texas. This form requires careful attention to detail, as it gathers important information about your business and its designated broker. Follow these steps to ensure that you fill out the application correctly and completely.
Once you have submitted your application, the Texas Real Estate Commission will review it. Be prepared for a background check, and ensure that all requirements are met to avoid delays in the licensing process.
The Texas BBE 1 form is an application for a broker license by a business entity, such as a corporation, limited liability company (LLC), or partnership. It is required for any business entity providing real estate brokerage services in Texas. This form must be completed and submitted to the Texas Real Estate Commission (TREC) along with necessary fees and documentation.
Any business entity that wishes to operate as a real estate broker in Texas must complete the BBE 1 form. This includes corporations, LLCs, and partnerships. Additionally, the designated broker of the entity must hold an active Texas real estate broker license.
When submitting the BBE 1 form, several fees are required:
The total fees can amount to $143.00 or more, depending on the specifics of the application. All fees must be submitted at the time of filing.
Several documents must accompany the BBE 1 form, including:
These documents are essential for the approval of the application.
If the designated broker does not own at least 10% of the business entity, the entity must maintain Errors and Omissions (E&O) insurance in the amount of $1 million. Additionally, the entity must attach the Certificate of Insurance for a Broker Business Entity (BE COI-0) to the application.
The processing time for the BBE 1 form can vary. Once submitted, the application will undergo a background investigation. If all requirements are met, the license will be issued. However, if there are any deficiencies or if additional information is needed, the application may take longer to process.
An incomplete application will not be returned for completion. Instead, a letter will be sent requesting that the deficiency be remedied. It is crucial to ensure that all sections of the application are filled out accurately and completely to avoid delays.
Yes, fingerprints are required from the designated broker of the business entity. This requirement is part of the licensing process to ensure the honesty, trustworthiness, and integrity of the applicant. The designated broker must pay a fee to the Department of Public Safety (DPS) for fingerprinting, and a completed FAST Pass must be presented at the time of fingerprinting.
If a business entity or its designated broker has defaulted on a student loan guaranteed by the Texas Guaranteed Student Loan Corporation (TG), it is essential to contact TG before filing the BBE 1 application. State law prohibits renewing a license under such circumstances unless a repayment agreement has been established.
Failing to designate a licensed broker as the designated officer, manager, or partner. Without this designation, the application cannot be approved.
Not providing a current Certificate of Good Standing. This certificate must be dated within 21 days prior to the application submission.
Submitting the application without the required fees. All fees must be included at the time of filing; otherwise, the application will be rejected.
Using a P.O. Box as the business address. A physical street address is necessary for the application to be valid.
Neglecting to complete the Background History Form when required. This form is essential if there are any past license issues or criminal charges.
Not attaching proof of ownership if the designated broker owns less than 10% of the entity. In this case, a Certificate of Insurance must be provided.
Overlooking the need for fingerprints. The designated broker must have fingerprints on file with the Department of Public Safety.
Failing to check for any unpaid judgments against the business entity or its designated broker. This could affect the application process.
Not planning for the digital fingerprinting process to take up to 10 days. This delay can impact the overall application timeline.
Ignoring the implications of defaulting on a student loan. If a default exists, it may prevent the renewal of a license.
The Texas BBE 1 form is essential for business entities seeking a real estate broker license in Texas. Along with this form, several other documents may be required to ensure a complete application. Below is a list of commonly used forms and documents that accompany the Texas BBE 1 form.
Gathering these documents will help streamline the application process for a Texas real estate broker license. Ensuring all required forms and fees are submitted will reduce delays and increase the likelihood of approval.
The Texas BBE 1 form shares similarities with the Application for Real Estate Sales Agent License. Both documents require applicants to provide detailed personal and business information, including proof of identity and background checks. Just as the BBE 1 mandates that the designated broker be an active license holder, the sales agent application requires the applicant to complete a background check and submit fingerprints. Each form emphasizes the importance of honesty and integrity in the licensing process, ensuring that all candidates meet the ethical standards set by the Texas Real Estate Commission.
Another document similar to the Texas BBE 1 form is the Application for Real Estate License Renewal. Both forms necessitate the submission of certain fees and documentation to maintain an active status. The renewal application also requires proof of continuing education, paralleling the BBE 1's requirement for the designated broker to remain licensed. Like the BBE 1, the renewal form includes sections that inquire about any disciplinary actions or legal issues that may affect the applicant’s eligibility, reinforcing the commitment to ethical practice in real estate.
The Application for a Foreign Business Entity License is another comparable document. This application is specifically for entities based outside Texas that wish to conduct real estate business within the state. Similar to the BBE 1, it requires proof of good standing from the entity's home state and mandates that a designated broker be licensed in Texas. Both applications emphasize the need for compliance with state regulations and the importance of maintaining a valid license to operate legally within Texas.
Lastly, the Texas Limited Liability Company (LLC) Formation Certificate is akin to the BBE 1 form in that it requires specific information about the business entity, including its structure and designated representatives. While the BBE 1 focuses on licensing for real estate activities, the LLC Formation Certificate is foundational for establishing the business itself. Both documents require verification of the entity’s legitimacy and adherence to state laws, ensuring that the business operates within the regulatory framework set by Texas authorities.
When filling out the Texas BBE 1 form for a broker license by a business entity, it’s important to follow specific guidelines to ensure your application is processed smoothly. Here’s a list of dos and don’ts to keep in mind:
By following these guidelines, you can help ensure that your application is complete and stands the best chance of approval.
This is false. A business entity, such as a corporation or LLC, can also apply for a Texas broker license using the BBE 1 form.
In reality, the designated broker must be an active Texas real estate broker. Without this, the application cannot be approved.
This is incorrect. A current Certificate of Good Standing, issued within 21 days prior to the application, is mandatory to demonstrate compliance with state tax laws.
All required fees must be submitted at the time of application. Failure to do so will result in rejection of the application.
This is not true. Fingerprints are required for the designated broker to meet honesty and trustworthiness standards.
Instead, an incomplete application will not be returned. A letter will be sent requesting the missing information.
This is misleading. A business entity must be licensed in its home state or provide proof that its home state does not license business entities as brokers.
In fact, the license will only be issued once all requirements are met and confirmation from the Department of Public Safety is received regarding the designated broker's fingerprints.