### Eonorabla SldrmyL6thga Opinion No. O-6065 seoret8wy

of state Rrr Authority of seourltiss Austin,Texac Divialonto lssw Aaal Estate 

### Sal66m6n's

Licsmee

**‘ mQ6~** **’ AFti**  

### 65738, V.A.iX., 

### to pslwQn6

not to b6 mqlloyad Dew-1 by a llC6M6Q BealRstaok I&Q&r. Your office,throughthsXomrable &rQCe 

### 8. 8666ion6, Securities

C~snlon6r, **ha6** 

### r6cpent6d an opl.nlOn

of thisdepfirtmant an 

### t&6 fr3llovong nutt6r: aSoatlan2 of the **Aat** 

### emmtonly lmmm m tha **Real** 

### Rstak D6al8r6

Llo6ns6Aat, 

### (Ark.6573r, 

### Venon~u Anno

### tst6dCl711**statute8 of**  

### Texas)befin **a Rml**  

### 'L3t6tn ~~lgf&l sRwllmwb3 s6l66Mni6rtb6p 'T **0866 Ot** 



### . fhatloa 23 **6nwerak6** 

### ae~taln 

## l

xer pt ans to 

### the66d6fititiMU QYMI **jWOVid66 that**  **ths Act**  **6w1 have**  

### no application

tkmrsto. W6 wish to lmoww&tbr the secwltlm 

### Mvlrion 18 

### authorlrad, unasr the *bo+s provlrion6, 

### to ir6u6Ro*k Betat6SalssPIn*r Llo6n6ea t8 persons

vho **~~~notto** 

### k asployetl by lic6su6dRaal RstataDwlare, 

### butwho UI to b6 6mploy64 by psnon6 srsloptul

SPCIS such 1166a668

uader tb6 **Ad."**

**bf6 find**  **M %@6XR6**  **d6oi6im6 bQPw**  **rrpojl tht6**  **q&166-** 

### tlm annd

WI 

## must tlssreiom

look to t&6 etatutsslnvolveu for
mr armmr. 

### Relevant wrtlons of Art1616557% ar6 a6 follsiav %C* a. la6 followlrig t6rmsshall,Imlsssthe context 

### oth6rvlse

indicat66,

hrve **the f~lbvixag**  **rstmnincsst**

**‘ (8).**  

### (1).Th6 t&m 'Rsel?sutats Daaler shall l.BchKb 6VeX

’ y 

### p6FQQBQl'CaogmY, OthSrthQll 

### Q 66166ZNIIl, snll ucm6eQ aBd P6glstur6Q Qtkrmeys, vho for smrther **oroth6rs** 

### for casp6n6atlanor 

### oth6r 

### vQltmbl.66omlcI6rQtion,or whovithth6 int6ntioa 

### orln th6 6%p6cktion of upon the proal6eof a6661** or 

### coLl6atlngaimp6naatlonor **other** 

### valu6blr consldaratlon,

fl8t8for 8816 **lSefl8, OXOh**  **b ”Q** **’ S,**  **8** 

### P6tlt8, or **0W6r8, or**  

### attmpda or tip3es 

### to oolfaotrsnt 

### for thn we of real ertste, or' 

### ncgJtlat68,

or off6r6,op att6mpte4, 

### or a&r966tc negotiates loim,securedor to b6 eocured by mortgage 

### or otherlncumbrance



### upon or tranefsr

of real estate;cmHonorable Sldm~yLat.hm,paee 2

auctiona, or oSfers, 

### or attempts, or agrees to auction slyrX'6ti66tQts; Ql'U~&iOW **or** egrees to apgr8lss any r68i Or OffW'S, OX'QttmtS, eatate; or who 

### advertiaee,
or holds ltaelf, hlmsslf, or themsalves out Qa eng4qecl in the buSine8S of SolLLi~, exch6ngLng, buying ranting, or 

### 1rQslng MQl B8tQt@, or QQliStllor direct8 ln the pcuring or proapec ts, 

### or tha negotiation OF closLr~ of any tranaactlon which 6~~8 or ia calculated 

### to result in tha sale, excbQnge, leasing, or 

### renting o; any real OlltQtO, or who buys or orfero to buy, sells 

### or offor8 to.r&l, 

### or Otherwlee deala ln op@ions on renL eetate 

### or in the 

### lmpmvessnts thereon. 

# l (2). Tha 

### t6rm 'Real E8tata Dealer' shall also include my p6rmm 

### or ctmp6ny eQ~ployedby or 

### on b&alp’ of the ovrmr or ovner8 of 

### lo,ta or othsr parcel.3 of reel f3itctoat a stated 

### salary,ar upon a comniselon, or upo:? a ealary tmd comloslon besls, or otherwlss, to sell euch real estate in 8ny parts thereof, in lots or Ckh@P parcels, %nd vha sbal]. sell 

### or exchfinge, 

### or offers, or attenipto, or tqrsea to negotiate tha sale or exchan~a **of anr**  **such** lot 

### or pcrrcsl **of real**  estate; **provided,** hwmver, if tine mm? of lots OP othm pamals is en- &QgcSdfn ths bUSiaeS6 Of bUylIt& sslliXa&,

### 6Xchen(&& l.easlng,renting of popertg md hoOadin&hlnwelf out RZ a Pull 

### or part-time doeler In real setate, then suc!i person employed by sold owner rnety be 1Lcmeed as a nnlssam of'aald owner 3.foald **owner** hro baen llamesd es a dealer in real 6stst6.



### “(3). The tam Vtedl ratate OsQlar* shpll al80 fnclud6 any 

### p6reon or coq36ny din tb6 bulins68 

### of buying, mlllng, exchQn& lng, renting of poparty on hirsor ltu own account and holding hlnmeli 

### 3r ltsalf 

### out as a f&illor 

### part-timn dealar in real eetatn. "(b). The term 'Real Eatat Salsanmn~ ahal‘Lawan **md** include 6x1~perem m **company** employed or 

### mga&cru bg or in behalf of a licensed rim1 estate **decnler** to do 

### 3r deal in any act, 

### aacs, or tranaactLona a& out and comprehended by the d6Slnltlon of a 'Real Fatatc lkalsrp In 3aotlon 2, Subreotion (Q) of thls **Act.** "(c) If the s6n84 require8 It, vorda **in** the **present tense**  

## incluQ the ruturs t6n8e: in the nrrrcullne 

### gmder, 

### includethe 

### tetinlns or 

### nsuMr gentler; 

### in the alngulsr nmbar, Include the plural number; in 

### phral number, include t5e singular nw&w; tmfls my bo rbad *or * : mi; (or’ mr.y be rc~d ‘cJIQ ’

.Honorable 8ldneyLemam, pi&p 3

R3t3C. 5. The proviaionu of this Act ahall not apply to, and tha temos ‘Real YCaCatoDatllar’

## ana ‘Resl Eata* Salesmen, an above 6bflneU, shall not Lncluder “(a). A&y person or cosqmny vho, as owneb or losaw, hall perform any or the ecta set out in Sectton 2, Subdivision (a) with rcfarence to property owned or leased bar~theui, of to ths 

### ropder tmpl3g-ees thered w:th roferenca to the property omnacior ltased by such 

### param or company vhere such 

### ~acta &we parformsr! ln the 

### regular ~course of, or a6 incldant. to, the 

### mnggement of uuch proparty and the fnvnstxmnt timrein, unlear 9cch person or compnny is engage4 In the bua~tna~s sf buyIn&, selling, ezcheutglng, leasing, or renting cf property adl ha- hlJMelf or irsalr out 8.sPIfull or 

### pert-tire8 dealer i.nreti eatate. “(b). Paraona netInS aa En atzLoneg 

### f.n facti mdnr a duly cxecuIx?d pnver of sttorneg rrm th owner lwthorlzIng the final 

### conuunrmatfon bg perScwmnc* of ring cmtrect fey the sale, leeslng, m exchange of ma1 estata; aer

### iricsa rendsred 

### by fin attorney et lav, recaiver, tms~ec in bankPupt.cy, cdmInlat;rntor, or exet~tirr, “oran parson do- any of the acts ageclfled in Saothn 2, S,ubdivinLsn (a) of thic Act under order of any 

### coert; a rrustae acting under R trust 

## egrsanrent, dead of LX&, 

### m will, c? ths regular salmlsd employees there&.Eonox-able Sldmg Latbalm,pflgtl4



### la, accordingk, SectionZ(b), 

### a pion or by a "l%emmed sleek% dealos and under section 6(f) an a@fc.atlon asl.a 1laloemn~8 lloer+e murt be accoupanlMI by a ver3Jled VFlttsn 

### statement by the **dsalar** into whose eervice he 1s about to enter, certLf~glng that in his opinion tlm a+cant Is *nest, truthhl, and of good reputation. . .,.

ve conclude that the aeowitlec Mvlaion of ths 

### offics of tbit 

### sacrotary of State 

### 16 not autharired 

### to lmuaa RealEatata Salhman~sllean15e to Y 

### appUomt whoiam to ahov that he itsto be employed by a icansed Real %Mate Dealer. It vould follow t&t the employra of'one exempt under the Act rsmlwho holda no Real Rotate Dealer'e Llcsnoe, voold not be a propar subject far a sales~~s license.

It 18 slnoercrlyhoped that th9.s **opinion** wll.1pro-fe of 80s~ eeelatmcn to you In adalnleterlnz the Act.
very truly your8 ATTOm '3ERERALOP TKXAS

OK BU
APPROVZD OCT. 1.3,1944 (signed) CAM&S ASIiU!X FIRST ASSXYI’AWTATTORR8Y OKRBRAL
APPROVED O?INIQ?Joowu~ By B.W.B. ,chelman