Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

Who needs a real estate license if they control the collection of rent on a single-family residence?

1. Property managers

2. Real estate investors

3. Rent collectors

4. Anyone collecting rent

The correct answer is: Anyone collecting rent

In Texas, anyone who is involved in the collection of rent on behalf of another person typically needs to hold a real estate license. This requirement is rooted in the understanding that collecting rent involves managing real estate transactions, which is regulated by state law to protect both property owners and tenants. While property managers and rent collectors may be the more obvious roles that require licensing, the essence of the question emphasizes the act of collecting rent itself. Therefore, anyone—including property managers, real estate investors, or others—who actively takes part in collecting rent on a rental property controlled by someone else would need to be licensed. This ensures that they adhere to legal standards and ethical practices in the real estate industry, providing increased protection for all parties involved in the transaction.