LLC Broker Sponsorship Disclaimer Notice

REQUESTING APPLICANT FOR AN LLC BROKERAGE SHOULD READ THE NOTICE BELOW PRIOR TO REQUESTING SPONSORSHIP AS AN LLC OR CORPORATE BROKERAGE.

1. APPLICANT'S SUBMISSION OF THE APPLICATION TO BROKER DOES NOT CONSTITUTE AN OFFER AND/OR ACCEPTANCE BY APPLICANT AND/OR BROKER. APPLICANT AND BROKER AGREE THAT NO AGREEMENT CONCERNING SPONSORSHIP WILL BE FORMED UNTIL BROKER HAS SIGNED AN INDEPENDENT CONTRACTOR AGREEMENT EXECUTED BY APPLICANT. ANY SUCH AGREEMENT IS SPECIFICALLY DENIED BY BROKER.

2. APPLICANT'S PARTICIPATION IN THE TEXAS BROKER SPONSOR PROGRAM IS SUBJECT TO SPONSORING BROKER’S FINAL APPROVAL AND ACCEPTANCE. BROKER’S DECISION TO EVALUATE APPICANT'S APPLICATION IS NOT A GUARANTY APPLICATION WILL BE APPROVED BY TREC NOR THAT BROKER WILL AGREE TO SPONSOR THE APPLICANT'S ENTITY.

3. AS PART OF BROKER’S APPROVAL OF APPLICANT'S APPLICATION, BROKER WILL INVESTIGATE ALL THE FOLLOWING:

A. THE STATUS OF APPLICANT'S AGENT REAL ESTATE LICENSE;
B. WHETHER APPLICANT IS CURRENTLY A DEFENDANT IN ANY LAWSUIT OR OTHER CLAIM RELATING TO THE PRACTICE OF REAL ESTATE;
C. WHETHER APPLICANT HAS BEEN CONVICTED OF A FELONY OR A CRIME OF MORAL TURPITUDE; AND
D. WHETHER APPLICANT IS CURRENTLY A DEBTOR IN A VOLUNTARY OR INVOLUNTARY BANKRUPTCY PROCEEDING.

4. BROKER RESERVES THE RIGHT TO DENY APPLICANT'S APPLICATION FOR ANY REASON AT BROKER’S SOLE DISCRETION.

5. BEFORE SUBMITTING APPLICANT'S APPLICATION FOR THE PROGRAM, APPLICANT HAS CONDUCTED APPLICANT'S OWN RESEARCH INTO THE PROGRAM AND WHETHER OR NOT APPLICANT WILL BENEFIT FROM HIS/HER PARTICIPATION IN THE PROGRAM.

6. APPLICANT ACKNOWLEDGES THAT BROKER DOES NOT GUARANTY APPLICANT WILL MAKE A CERTAIN INCOME OR ANY INCOME FROM APPLICANT'S PARTICIPATION IN THE PROGRAM. APPLICANT SPECIFICALLY DENIES RELYING ON ANY REPRESENTATION OF BROKER THAT APPLICANT WILL MAKE ANY AMOUNT, REMUNERATION, OR SUM FROM APPLICANT'S PARTICIPATION IN THE PROGRAM.

7. ALTHOUGH THE PROGRAM TAKES ADVANTAGE OF POLICIES AND REGULATIONS PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION, THE TEXAS REAL ESTATE COMMISSION DOES NOT SPONSOR NOR IS IT AFFILIATED IN ANY WAY WITH THE PROGRAM. I HAVE READ THIS ENTIRE DISCLAIMER AND UNDERSTAND ITS TERMS.

THANKS SO MUCH FOR VISITING.