Salesperson’s License: Many License applicants are only required to complete 180 hours of specified education to qualify to take the Texas Real Estate Salesperson Exam. These 180 hours must include 60 hours in Real Estate Principles, 30 hours in Law of Agency, 30 hours in Law of Contracts, 30 hours in Promulgated Contracts and 30 hours in R.E. Finance. The learner may complete the required courses by classroom, home study or online study options.
Broker’s License: To be licensed as a Broker you must: 1) Hold an active salesman’s license for at least 4 years in the State of Texas or have a current Broker’s license from another state, 2) Meet the educational requirements mandated by the Texas Real Estate Commission for Brokers, which is 900 classroom hours. If you have a college degree and 270 of core to included Real Estate Brokerage class, and meet the new point regulations. Please contact the Texas Real Estate Commission to verify the requirements needed.
- The mandatory classes include Real Estate Principles 60 classroom hours, Law of Agency 30 classroom hours, Law of Contracts 30 classroom hours, 30 Promulgated Contracts and 30 R.E. Finance. All educational documents and the Inactive Salesperson License and appropriate fees must be sent to the Texas Real Estate Commission. You may apply online www.trec.texas.gov (512) 936-3000), or mailed to the Texas Real Estate Commission
- The application requires fingerprinting to be done at a designated site and electronically submitted. Applicant must be 18 years of age, a resident of Texas, and a U.S. citizen or legally admitted alien.
- You will schedule your license examination with the VUE testing program after you receive the Candidate Information Brochure from TREC. Applicants have 1 year from the date of the application was filed to pass the examination. If an applicant doesn’t pass successfully state and nation exam, they will be required by TREC to complete 30 or 60 hrs of repeat education. www.pearsonvue.com
- Once the exam is passes, the results are sent electronically to TREC and an active, or inactive license will be sent directly to the salesperson, with a copy to the sponsoring broker. In order to practice as a salesperson with an active license, you must be sponsored by a licensed Texas Real Estate Broker. Please note that applicants are not required to have a sponsoring broker to file an application with TREC, or to schedule the exam with Pearson VUE.
Types of agency. Application of License Act, Fiduciary responsibilities, creation of agency, responsibilities of agency and principle, intermediary, dual agency, review of finance, TREC promulgated forms and notices.
Elements of a contract, offer and acceptance, the stature of frauds, specific performance and remedies for breach, unauthorized practice of law, commission rules relating to use of adopted forms, and owner disclosure requirements.
Explain and comply with the provisions of the Statue of Frauds, the Texas Real Estate License Act, and the Rules of the Texas Real Estate Commission as they relate to the creation of purchase contracts between sellers and buyers.