The Texas Real Estate Commission requires a 24-hour waiting period after a course is started before it can be reported as complete. This means that after you have started a course, Classroom Online must wait at least 24 hours before reporting your status to TREC, regardless of the actual time you may have completed the course. Please understand that the day and time you start your course may require more than 24 hours passing before reporting your completion.
Please take this new waiting period into consideration when choosing to start your course, especially if you are extremely close to your expiration date.
TEXAS
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Complete 15 hours of state approved courses every 2 years, these courses must include 6 hours of Mandatory legal courses including:
Legal Updates
Ethics
The other 9 hours are elective courses
Pass a course final exam for mandatory legal courses (grade of 70 required to pass).
All sales agents renew every 2 years in the month their license was received.
SAMPLE COURSE DESCRIPTIONS
TX 15 Hr Renewal Package #1
This package contains following courses:
•TREC Ethics MCE
•TREC Legal Update MCE
•Real Estate Appraisal
•Estimating the Gross Living Area
•Real Estate Math
TX 15 Hr Renewal Package #2
This package contains following courses:
•TREC Ethics MCE
•TREC Legal Update MCE
•Home Inspection
•Deeds
•Liens, Taxes and Foreclosures
Texas 9 Hour Renewal Package #1
The Texas 9 Hour Renewal Package #1 includes the following courses
•Real Estate Appraisal
•Estimating the Gross Living Area
•Real Estate Math
In cooperation with the Texas Real Estate Commission, the Real Estate Center at Texas A&M University developed this real estate legal update curriculum with the assistance of an advisory committee of active licensees, attorneys and education providers. Real estate licensees are encouraged to acquire additional information and to take courses in specific, applicable topics.
Texas 9 Hour Renewal Package #2
The Texas 9 Hour Renewal Package #3 includes the following courses
•Home Inspection
•Deeds
•Liens, Taxes and Foreclosures
In cooperation with the Texas Real Estate Commission, the Real Estate Center at Texas A&M University developed this real estate legal update curriculum with the assistance of an advisory committee of active licensees, attorneys and education providers. Real estate licensees are encouraged to acquire additional information and to take courses in specific, applicable topics.
Closing and Settlement Costs
This module covers a broad range of issues related to closing and settlement to help the student learn ways to help clients through this sometimes complicated process. It includes the following lessons:
• Real Estate Closings
• Expenses
• The HUD-1 Settlement Statement
In addition, this module includes a final practice lesson. This concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should develop a broad picture of closing and settlement procedures and should understand how they fit into the larger practice of real estate. The last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies
Contracts, Purchase and Sales Agreements
Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.
Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.
In this module, the student will learn about the types of general contracts as well as the different kinds of real estate contracts. The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.
This module includes the following lessons:
•Introduction to Contracts
•Contract Fulfillment
•Real Estate Contracts
•Contracts, Purchase and Sales Agreements in Texas
The fourth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
Real Estate Appraisal
In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods—which have specific materials, production and marketing costs—can be somewhat more involved. With property, the fixed costs—building materials and labor costs—are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet.
This course covers the theories, rules, duties and activities that guide the real estate appraisal process. An appraiser must also conduct him or herself professionally, ethically and honestly. There are guidelines regarding professionally and ethically correct behavior of appraisers as well which are also covered by this course. The entire appraisal process should be carried out in the best possible way for consumers and licensees as well as the real estate market.
Upon completion of this module, the student will be able to:
• Understand the basics of and common terms relating to real estate value estimation and appraisal.
• List the traits that a qualified appraiser must possess.
• Identify the value principles applied in the appraisal of property.
• Employ the value theories in the appraisal process to calculate the price at which property should be traded.
• Identify the characteristics that a real estate market should have to promote trade of property.
• Discuss the three value approached in detail.
• Pursue the eight steps of real estate appraisal to reach a purchase price for a property.
• Understand an appraisal report.
• Know the difference between an appraisal certificate and license.
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Cities served:
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