Under TRELA, which of the following entity types is NOT eligible to hold a Texas real estate broker license?
Correct Answer
D) Sole proprietorship operating under a trade name without an individual broker license
Under TRELA §1101.021, a sole proprietorship cannot hold a broker license as a business entity — the license is issued to the individual broker, not to the trade name or business structure itself. A sole proprietor must be individually licensed as a broker; the trade name alone has no legal standing to hold a license.
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