Which of the following is true regarding Attorneys and Real Estate Licenses?

The correct answer is that Texas licensed attorneys involved in commission splitting need a license. In Texas, while attorneys generally are exempt from needing a real estate license to practice law, they must obtain a real estate license if they engage in actions that involve commission splitting in real estate transactions. This pertains to situations where they might be negotiating, facilitating, or earning a commission from real estate deals. This condition ensures that any financial transactions involving commissions are properly regulated under the Texas Real Estate Commission's standards.

Attorneys do have certain exemptions in many areas of real estate law but when it comes to commission splitting, they fall under the same regulations as licensed real estate agents. This requirement helps maintain professionalism and accountability in real estate transactions involving commissions.

The other statements about attorneys and real estate licenses discuss various exemptions or requirements that don’t apply universally or correctly to the context of real estate commissions. Understanding the nuances of these requirements is vital for real estate professionals and attorneys operating in Texas.