What is Necessary for a Real Estate License in Texas
by Education Location Education Location is a free online resource for fOutgoing, 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.
Education
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.
Application
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.
Testing
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.
Sponsorship
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.
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Created on Dec 31st 1969 18:00. Viewed 0 times.