If you’re in the process of getting your Texas real estate license, you’ve probably heard the words “sponsoring broker” before. In this post, we’ll break down what a sponsoring broker is, what their responsibilities are, and how you can become a real estate sponsoring broker in Texas (if you so feel inclined).
A sponsoring broker is an agent with their employing broker’s license. They are responsible for guiding you through your first years as an agent as well as providing other business, marketing, and brand benefits. You need a sponsoring broker in order to activate your license.
A sponsoring broker will have had years of experience and will have taken additional coursework and tests to prove their knowledge of real estate laws and practices. Brokerages provide a whole slew of benefits for the agent, including mentorship, marketing, legal protection, and name and brand recognition. In return for these services, the brokerages expect to receive a large portion of the commission.
Feeling overwhelmed navigating the world of sponsoring brokers? If you’re having a hard time finding the right Texas broker sponsorship, AceableAgent includes a "broker matching" program to help pair you with the best broker for your wants and needs!
There are two primary fee structures that sponsoring brokers use:
What is the Commission for Texas Real Estate Agents?
A real estate broker is responsible for splitting the agent's commissions. Learn more about how this works and how much commission you could make.
To become a real estate broker in Texas, you must meet the following requirements:
If you fulfill the above requirements, you will also need to take at least 270 classroom hours of qualifying real estate courses, which includes:
You are also required to take an additional 630 classroom hours in related qualifying courses acceptable to the Commission or approved Continuing Education (CE) courses.
If you have a bachelor's degree or higher from an accredited college or university, you do not need to take the additional 630 class hours in additional related education courses. Instead, submit a copy of your college transcript. All evidence of course completion must be submitted to the Texas Real Estate Commission after applying online or with your paper application.
You will also be required to have the following experience:
Once you have completed the above requirements, you can file an application online, get your fingerprints taken, and then take (and pass!) your exam. Please note that you have one year from the date your application is on file to meet all requirements.
Learn more about getting your Texas real estate license and get exclusive offers!