must be filed.
Expired more than Six Months
For a Business Entity Broker whose license has been expired over 6 months, the 
Application for Broker License by a Business Entity must be filed.
Note: An application by a Business Entity or foreign corporation cannot be approved unless its designated officer, manager or partner 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 with a minimum annual limit of $1 million per occurrence. Attach the Certificate of Insurance for a Broker Business Entity form to the application if applicable. If the designated broker owns 10% or more of the entity, please provide proof of ownership. Examples of acceptable proof of ownership documents are as follows but are not limited to:
- Minutes of the company meeting designating ownership percentages
- A Company Resolution indicating the percentage owned by the designated officer/manager/partner
- Articles of Organization/Incorporation that include ownership percentages
- Schedule K-1 (Form 1120S) from the IRS (Shareholder’s share of income, deductions, credits, etc.)
- Limited Partnership Agreement designating ownership percentages
Go on to the 2 Steps to Renewing Your Business Entity Broker License below.
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