What is the definition of a foreign broker?

The definition of a foreign broker is indeed a broker licensed outside of Texas. This means that the broker does not hold a license issued by the Texas Real Estate Commission, which governs real estate practices within the state. In the context of real estate transactions, a foreign broker may assist clients in buying or selling properties located in Texas, but they must comply with Texas regulations and may require collaboration with a licensed Texas broker to engage in certain activities.

Choosing this definition reflects an understanding of how licensing operates across state lines in the U.S. and the legal framework that governs real estate transactions, ensuring that brokers are properly licensed and accountable based on the jurisdiction in which they operate.