What is Necessary for a Real Estate License in Texasby Education Location Education Location is a free online resource for f
Outgoing, sales oriented people with make excellent real
estate brokers and salespeople. However,
state licensure takes a little more than an entrepreneurial disposition. The
Texas Real Estate Commission (TREC) requires residency, education, and a test
along with various checks into an applicant’s personal social standing.
Residency and Legalities
The state of Texas requires that anyone holding a Texas Real Estate License be at least 18 years old and either a legal citizen of the United States or a legal alien with a work visa. The state also requires that real estate brokers and salespeople be residents of the state. The licensing application process involves fingerprinting and background checks.
Before applying for a real estate license applications must seek real estate education in the real estate core curriculum outlined by TREC. The real estate courses needed include 60 classroom hours of Principles of Real Estate and 30 classroom hours of the following: Law of Agency, Law of Contracts, Promulgates Contract Forms and Real Estate Finance. The commission does not allow related courses to substitute for real estate specific classes. Home inspection training and insurance courses are not required in real estate training but are handy additions to a continuing education plan as clients are apt to have questions regarding homeowner’s insurance and insurance policies are often included in mortgage contracts. Having home inspection training in addition to a real estate license can provide additional income for a broker and convenience to clients.
After completing the necessary education requirements to obtain a real estate license in Texas, applicants are then allowed to file an application and a list of their completed coursework. The aapplication process includes sending in either a copy of your official transcript or certificate of completion to verify your education, a personal check, cashier’s check, or money order for the application and Recover Trust Fund fees, and a completed application form. Applications that are sent incomplete or without verification of real estate education and/or fee payments are automatically rejected. Applications can be done through mail, in person, or electronically.
Within one year of filing your application for licensure with the Texas Real Estate Commission, you must register for, take, and pass the state’s licensing examination. Once your application has been accepted and you are given a TREC entity, you are allowed to register with PSI, a licensing testing center. The center provides a brochure on registering and preparing for the exam.
Prior to receiving an active salesperson’s license to practice real estate transactions in Texas, applicants are required to have an Active License holding broker act as a sponsor. Typically applicants work under an Inactive License (the application for which is in addition to an Active License application) doing paperwork and other tasks for their sponsor broker. An Active License for the applicant is sent to their sponsor once the exam and all other requirements have been met: once obtained a newly licensed broker can start working as an active broker for their sponsor if desired.
The licensing commission runs a check with the Texas Guaranteed Student Loan Corporation and if an applicant has defaulted on a Texas Guaranteed Student Loan their application may be rejected due to state laws prohibiting licensure of people who default on their state guaranteed student loans. The commission also requires that applicants submit their fingerprints to PSI prior to taking the real estate licensure exam and that a clean background check result before active licenses are issued.
Created on Dec 31st 1969 19:00. Viewed 0 times.