TX SB1172

Expands exemptions from Texas Real Estate Commission regulation to include transactions involving real property interests in minerals (oil, gas, hydrocarbons, coal, lignite, uranium), standing timber, and other energy sources (geothermal, nuclear, solar, wind)

Exempts general partners, managers, managing members, and employees of limited partnerships and limited liability companies from real estate licensing requirements when conducting transactions for their own entities' property

Exempts persons conducting real estate transactions on behalf of commercial signage entities from TREC regulation

Adds statutory definitions for "mineral," "other energy source," and "water" (including diffused surface water, groundwater, and state water) to the Occupations Code

Passed unanimously in the Senate (30-0) on April 10, 2025, and the House (138-0) on May 5, 2025; takes effect immediately with two-thirds vote or September 1, 2025