• 20Feb

    Should Landmen be Licensed?

    Commercial, Historic, Residential

    State Representative Charlie Geren introduced House Bill No. 1405 which would require any Landman functioning inside the state of Texas of apply for and obtain a license. The licensing, requirements, and continuing education would be handled by the Texas Real Estate Commission (TREC).

    A landman is defined as anyone who:

    1. Aquires or Manages petroleum, natural gas, or mineral interests.
    2. Performs title searchs or contract functions in relation to exploration/exploitation of those mineral interests.
    3. Negotiates the aquisition of divestiture of oil, gas, and mineral rights; including pipeline related issues.
    4. Negotiates business agreements that allow for mineral exploration/development.

    There are some exceptions, like licensed attorneys, land owners, and attorney’s in fact. If passed, this bill would take effect January 1, 2010; and require individuals to obtain a license by March 1, 2010.

    There is no doubt that this would add signifigant revenue for TREC, but I tend to think that TREC is not the appropriate entity for this issue. There could be several plusses and minuses here. Would be interesting to know what you think. Should Landmen be Licensed?

    Posted by FWRE @

One Response

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