The state of Texas requires prospective real estate agents to meet an array of requirements before they are allowed to conduct business. Those who fail to meet any one of these requirements will not be able to execute real estate transactions on behalf of buyers or sellers. Let’s take a look at what hopeful Texas real estate agents and brokers have to accomplish before they are eligible to operate in an official capacity.
Salesperson License Requirements
Every candidate must complete the required coursework (as described below) and complete an application form. A fee of $205 plus $10 for Recovery Trust Account must be submitted along with one’s certificate of completion to the Texas Real Estate Commission (TREC). These documents can be sent via regular mail, e-mailed to firstname.lastname@example.org or faxed to 512-936-3863. The prospective salesperson must also find a sponsoring broker who is willing to sign a Broker Representation form. Once all of the documents are received by TREC, it can take upwards of a full month for the application to be reviewed. During this time, many students take the State Exam Prep course to prepare for the State Exam. Such a course helps alleviate the stress of the test and reduce the amount of guesswork involved. Some even choose to take a prep course multiple times in anticipation of the State Exam.
After the candidate has completed the required coursework (as described below), he must file and pay for the state’s Application for Inactive Sales Agent License. He must then submit either a certificate of evidence or a credit transcript as proof of successfully completing the required education. Candidates are not encouraged to submit original course completion documents or transcripts. These originals should be kept in his personal files and photocopies should be sent to the Commission. Once the candidate receives his approval letter from the TREC, he can take the State Exam at a Pearson VUE Testing Center. Test takers can make an appointment by calling 800-997-1248 or by visiting Pearson on the world wide web at pearsonvue.com/tx/realestate/. There is an accompanying fee of $54 that must be paid at the time of the reservation. The candidate must pass the exam with a score of at least 70 percent to obtain his license. It is also worth mentioning that candidates are required to pass the State Exam within a year of their application approval.
The candidate must be a citizen of the United States. Or, he can be a lawfully admitted alien. He must be at least 18 years of age or older and be a legal resident of the state of Texas. Prospective real estate agents must be fingerprint at a cost of $41.45. Fingerprints can be taken at many of the state’s Pearson Vue testing centers or at other locations. There is a $205 fee required of all applicants for the original application, a $29.75 background check fee for those who were previously fingerprinted and a $20 paper processing fee for submitting an application that is available online but sent by mail. These fees are all non-refundable. It is important to note that candidates should submit the fees described above with a personal check, money order or cashier’s check that is made payable to the Texas Real Estate Commission rather than sending cash.
Each candidate must successfully complete 180 hours worth or Texas real estate coursework. Courses can be completed either in-person in a traditional classroom, by way of correspondence or through online classes. The courses typically take a full month to a month and a half to complete.
As required by the Texas Real Estate Commission, the following courses should be completed to earn a real estate license:
- Law of Contracts (30 classroom hours)
- Law of Agency (30 classroom hours)
- Promulgated Contract Forms (30 classroom hours)
- Real Estate Finance (30 hours)
- Principles of Real Estate I and Principles of Real Estate II (60 classroom hours).
Broker License Requirements
Candidates for a broker license must have a minimum of four years of active experience in Texas in the capacity of a licensed real estate sales agent. Or, they can have served as a broker during the 60 month period before the application filing. Alternatively, if the candidate is licensed as a broker in another state and has worked in that capacity for four years or more, he can qualify for the license as long as his qualifying active experience amounts to 3600 points or more.
Candidates for a broker license must have 270 classroom hours worth of qualifying real estate courses. He must also have completed a 30-hour course centered on Real Estate Brokerage during this 270 qualifying hours. Additionally, 630 classroom hours must be completed in related courses that the Commission deems acceptable. This “related” education component can also be satisfied with a bachelor’s degree or higher from any accredited college or university.
The broker license candidate must be a lawful resident of the United States as well as Texas. He must be at least 18 years old. After completing the required education, the candidate must file and pay for the state’s Application for Broker License by an Individual. The candidate must provide fingerprints as well. Once the candidate’s application is received, he can make reservations to take the Broker License Exam. He must pass the exam within a calendar year of filing his application.
Texas Real Estate Prelicense Assistance through 360Training.com
It is clear that you have to put in a lot of time and effort to meet the state of Texas’s bureaucratic requirements. Let 360Training.com make your effort worthwhile by helping you prepare for your exam. Our Texas Preliense Package is what you need to prepare for your Texas real estate license courses and license exam. The package includes all of the TREC required Prelicense education, either textbook or electronic PDF text options, printable certificates to prove completion of each course and ’round the clock customer support. Reach out to us today for more information by dialing 877-881-2235 or by engaging in a Live Chat session with one of our helpful representatives.