Texas/Austin FSBO Restrictions?

[Aaron Hanson]

We have an FSBO opportunity and have met with the homeowner. He wants to sell to someone who'll live in the neighborhood (which we will), so it's a great opportunity for our family. However, the homeowner is under the impression that there are restrictions in Texas that limit individuals selling privately... He says "they eliminated the owner finance recently unless you have a license".

Is this true? We'll be working with a mortgage broker, but I was under the impression that we could work directly with a homeowner + mortgage broker + title company w/o having to engage agents.