About this Course
The purpose of Legal Update II is to support Texas license holder competence through the review of recent legislative and TREC rule changes, including changes to TREC promulgated contract forms. The courses include topics relevant to the current practice of real estate in Texas.
First, we'll directly address the canon of professional ethics, then move on to dilemmas that might arise from agency relationships. Next, you'll consider advertising, social media, and copyright concerns.
You'll also look at issues with titles, the closing process, and the Real Estate Settlement Procedures Act (RESPA). Finally, we'll examine the inspector-lender relationship.
What You Get
Certificate of completion
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- Chapter 1: Agency – Fiduciary Duties & Ethical Behavior of License Holders
- Chapter 2: Water & Mineral Rights
- Chapter 3: Ad Valorem Taxes & Valuation
At the conclusion of this course, you will be able to:
- Identify and define each of the three canons listed in The Canons of Professional Ethics and Conduct.
- Provide one example of an act of omission in a real estate transaction.
- List three ways a license holder can develop geographical competency.
- Discuss license holder best practices for assisting clients with the Seller’s Disclosure Notice.
- Role play multiple offer scenarios and license holder best practices.
- Understand proper use of copyrighted surveys.
- Identify the three types of water sources in Texas and which government entities regulate each.
- Understand the obligations and duties license holders owe clients and customers regarding water rights.
- Be aware of water right situations that require reporting on the seller’s disclosure notice.
- Understand how real estate transactions involving mineral rights should be handled, including the use of the correct TREC promulgated form.
- Describe the role of title insurance where mineral rights are a factor.
- Understand ad valorem tax best practices and guidelines.
- Understand the license holder’s role in assisting property owners protesting property taxes.
- Explain Paragraph 13 – Prorations and how rollback taxes function.
- Recall the tax exemptions allowed in Texas and describe license holder best practices in advising a client seeking a tax exemption.
When Does My Course Expire?
Your course will expire one (1) year after you purchase it (the date you submit payment), unless the course itself indicates otherwise.
How Quickly Will I Get My Certificate of Completion?
Once you finish your course and pass any required exams, you can print your certificate of completion right away.
What Can I Do If I Lose My Certificate?
If you lose your certificate of completion and need a new one, you can contact customer service at (877) 881-2235 or firstname.lastname@example.org.
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If for some reason you are not happy and would like a refund, send us a request within 72 hours of purchase. Here are the eligibility requirements you must meet:
- Your purchase was made no more than 72 hours prior to your refund request.
- You have NOT
- Attempted any portion of a test or exam.
- Requested or been issued a certificate of completion.
- Completed 50% or more of the purchased course.
If you meet all of these criteria, submit your refund request in writing via email to email@example.com with a proof-of-purchase receipt and an explanation for why you are requesting a refund.
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