A sales assistant takes 11 residential applications in 2026 while a license application sits pending. Assuming the assistant has no qualifying temporary authority, may a pending application authorize this work?
Correct Answer
D) Prohibited: conducting regulated business without holding a license
A person may not conduct any business regulated by the chapter without holding the license the chapter requires, and a pending application is not a license; temporary authority is the only route and it has its own conditions. Other choices: filing an application is the thing that has not yet produced a license; a licensed originator signing the 11 files misstates who took them; and no file count creates the violation. Source: Tex. Fin. Code sec. 180.153(6)
Why This Is the Correct Answer
A person may not conduct any business regulated by the chapter without holding the license the chapter requires, and a pending application is not a license; temporary authority is the only route and it has its own conditions. Other choices: filing an application is the thing that has not yet produced a license; a licensed originator signing the 11 files misstates who took them; and no file count creates the violation. Source: Tex. Fin. Code sec. 180.153(6)
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