Texas Form Bbe 1 PDF Details

In the dynamic realm of real estate, business entities like corporations, limited liability companies (LLCs), or partnerships seeking to engage in brokerage services within the state of Texas are mandated to acquire a real estate broker license. This requirement is underscored by the Texas Real Estate Commission (TREC), which provides a comprehensive process through the Application for Broker License by a Business Entity, also known as Form BBE-1. This form is critical for entities without a Texas Broker License in the preceding six months and outlines that the entity must designate an officer, manager, or partner licensed as an active Texas real estate broker to act on its behalf. The successful issuance of the license necessitates the filing of this application with a current Certificate of Good Standing among other documents, emphasizing the entity’s legitimate status and readiness to adhere to Texas laws. Additionally, the pursuit of this license entails a detailed disclosure of the business' and its designated broker's background, including any past criminal activities or disciplinary actions in professional contexts, thereby ensuring the integrity of the brokerage services offered. To streamline the application process, entities are required to submit specific fees and are advised against paying in cash. The implication of these procedures is a structured pathway ensuring that only qualified and compliant business entities can navigate the Texas real estate landscape, thereby protecting the interests of all stakeholders involved.

QuestionAnswer
Form NameTexas Form Bbe 1
Form Length5 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 15 sec
Other namesBBE 1 trec form be coi 0

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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)

$20.00

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.

BBE-1 (11/2011)

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Texas Real Estate Commission

P.O. Box 12188

Austin, Texas 78711-2188

(512) 936-3000 www.trec.texas.gov

REAL ESTATE BROKER LICENSE BY A BUSINESS ENTITY

FEE

RECEIPT NUMBER

AMOUNT

MONEY TYPE

 

Application Fee

 

 

 

 

$143.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recovery Fund Fee

 

 

 

 

$10.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paper Filing Fee

 

 

 

 

$20.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Area Code

Phone Number

 

 

 

 

E-mail Address

 

4. Mailing Address and Contact Information (Post Office Box may be used):

Number, Street and Apt. No.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

State

Zip Code

Area Code

Phone Number

FAX NUMBER:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Area Code

 

Phone Number

 

 

E-mail Address

 

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

Yes

five (5) years?

No

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

BBE-1 (11/2011)

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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?

Yes

(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?

Yes

(c) Are there any disciplinary hearings or investigations pending against any professional or occupational

licenses held by the business entity or its designated broker ?

Yes

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.

No

No

No

8. Are there any unpaid judgments pending against the business entity or its designated broker?

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.

Yes

No

9. (a)

Has the business entity or its designated broker ever been convicted of a criminal offense? (Include

Yes

No

 

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

Yes

No

 

discharged?

(c)

Are there any criminal charges pending against the business entity or its designated broker?

Yes

No

 

 

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.

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.)

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.

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.

 

 

 

 

 

 

 

 

 

 

City

 

 

State

 

Zip Code

 

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):

BBE-1 (11/2011)

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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.

Yes

 

No

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

 

 

Date

President, the Limited Liability Company Manager

 

Managing Partner

 

 

 

or the Managing Partner

 

 

 

 

 

BBE-1 (11/2011)

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Tips to fill out Texas Form Bbe 1 step 1

2. When the previous part is finished, it is time to put in the needed specifics in Mailing Address and Contact, Number Street and Apt No, City, FAX Number, State, Zip Code, Area Code, Phone Number, Area Code, Phone Number, Email Address, Has the business been licensed in, Yes, If the answer is Yes enter the, and Has the business entity been so you're able to move forward to the 3rd step.

Number Street and Apt No, Yes, and If the answer is Yes enter the of Texas Form Bbe 1

Concerning Number Street and Apt No and Yes, make sure you double-check them in this section. Both these could be the key ones in the page.

3. The following portion will be focused on Has the business entity or its, Yes, b Has the business entity or its, occupational license disapproved, c Are there any disciplinary, licenses held by the business, If the answer to a b or c is YES, Yes, Yes, Are there any unpaid judgments, Yes, If the answer is YES you must, Has the business entity or its, Yes, and Has the business entity or its - fill out each one of these blanks.

The right way to fill out Texas Form Bbe 1 part 3

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BBE, Page  of, and Office held must be president inside Texas Form Bbe 1

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