Every Texas real estate brokerage firm is required to
A) keep transaction records for three years.
B) have a licensed broker who is the broker for the firm.
C) maintain escrow account records for five years.
D) display signage at the office location.
Answer: B) have a licensed broker who is the broker for the firm.
Although a person would not have to be a licensed broker to own a real estate brokerage (provided they did not perform any activities for which a license is required), there would have to be a licensed broker who is the broker of the firm.
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