Bill > HB2349

This bill modifies the Texas Occupations Code to expand exemptions from real estate commission regulation by adding new definitions and transaction types that do not require real estate broker licensing. Specifically, the bill defines "mineral" to include various energy-related substances like oil, gas, coal, and uranium, and defines "water" to encompass surface water, groundwater, and state water. The bill creates new exemptions for transactions involving minerals, mining, standing timber, and other energy sources, as well as transactions conducted by general partners, managers, or employees of limited partnerships and limited liability companies when they are selling, leasing, or transferring real estate within their own organization. These exemptions mean that such transactions would no longer require oversight or licensing from the Texas Real Estate Commission, potentially streamlining certain types of real estate and energy-related property transfers. The bill would take effect immediately if it receives a two-thirds vote in the Texas legislature, or otherwise on September 1, 2025.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2349