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Real Estate Pre License
Requirements vary by state, but In order to become a licenesed Texas Real Estate Salesperson the Texas Real Estate Commission (TREC) requires the successful completion of 150 hours of Real Estate classes and 60 hours Real Estate related classes in order to apply for a license. With the successful passing of the Texas state salespersons exam a conditional Real Estate Salesperson license is granted with the understanding that an additional 60 hours of real estate course work (Salesperson Annual Education or SAE) must be completed in the next year.
If you have college credit TREC will evaluate your college transcripts to see if your previous college classes will fulfill all or part of the 60 hours of real estate related class requirements. If so, the Texas150 package will satisfy all of the requirements for exam eligibility. If you have no college experience, the Texas 210 package is the easiest way to meet the exam criteria.
If you do have college credit, the extra 60 hours of Real Esate courses earned in the Texas 210 package will not go to waste, instead they will satisfy the SAE requirements required of agents with only 210 hours of completed coursework. For this reason, we recommend the Texas 210 Hour package as the best value for everybody.
Principle of Real Estate I - Required - 30 Hours
Principles of Real Estate I is a Texas Real Estate Commission mandatory 30 hour core course that is the foundation for the beginning real estate agent. The purpose of this course is to give students a brief synopsis and overview of real estate: what is real estate? How real estate is transferred, the documents used in transferring it, the rules and laws by which real estate agents will perform, the meaning of representation and how and why properties are appraised. The course will begin with the concepts of ethics in the field of real estate. It will further on cover real property ownership and land use and the Texas license law. Also discussed within this course are contracts, purchase and sale agreements, the rules of fair housing in real estate and the laws of agency.
Principle of Real Estate II - Required - 30 Hours
This course provides an introduction to residential real estate finance information on how to underwrite FHA, VA, FNMA, & FHLMC loans. In this course, the basics are discussed regarding applications, appraisals, escrow, title, and credit reports, which includes FICO, qualifying for loan amounts, and verifying income and assets. You will also learn how to calculate loan amounts, affordable monthly payments, property taxes, hazard and mortgage insurances (Conventional and FHA), qualifying ratios and income.
Law of Agency - Required - 30 Hours
The purpose of this course is to give new licensees an overview of the concept of agency. Agency law has evolved over the past decade and it is of utmost important for agents to have an understanding of their responsibilities in representing buyers and sellers. This course covers broad aspects relating to agency relationships, particularly principal-agent and master-servant relationships. It also covers the issues relating to the authority of an agent, the termination of an agent's authority, the fiduciary and other duties of an agent, Senate Bill No. 489, agency contracts, employment law, and the disclosure of agency.
Law of Contracts - Required - 30 Hours
The purpose of this course is to give students a basic understanding of the basic paragraphs of the contract (what they actually mean I layman's terms). The purpose is also to give students the opportunity to not only have the knowledge of contracts but also to fill out contracts. This course covers broad aspects relating to the elements of a contract, offer and acceptance, contract law and use of contracts, the statute of frauds, the residential contract, presenting offers and licensee's responsibilities, HUD settlement and closing costs and FHA and VA contract information
Marketing I - Elective - 30 Hours
This course comprises of four major modules that involve all the details required to build a real estate practice. Modules include: Pricing to Financing, Skills for Professional Success, How to Build a Successful Business and Risk Management. Each topic has been further divided into relevant modules to enhance the learning process.
Marketing II - Elective - 30 Hours
Real estate transactions permit and require more negotiation than most other exchanges of goods and services, and, as a result, much of a real estate salesperson’s job involves trying to craft mutually acceptable deals for the various parties involved in them. Additionally, salespersons must not only negotiate with those with which they wish to gain some advantage or another, but also sometimes with their own clients. Because real estate practice involves so much negotiating, virtually any salesperson can benefit from improving his or her negotiation skills, and this course is designed to teach just such methods of improvement.
Finance I - Elective - 30 Hours
This course provides an introduction to residential real estate finance information on how to underwrite FHA, VA, FNMA, & FHLMC loans. In this course, the basics are discussed regarding applications, appraisals, escrow, title, and credit reports, which includes FICO, qualifying for loan amounts, and verifying income and assets. You will also learn how to calculate loan amounts, affordable monthly payments, property taxes, hazard and mortgage insurances (Conventional and FHA), qualifying ratios and income.