TREC Legal Update I (2020-2021)
- Course Delivery: On Demand
- Credit Hours: 4
- Credit Type: Non Elective (#37796)
Description
The course approval number for this course will be available upon request.
The purpose of this course is to provide guidance and discussion of the ethical requirements and concerns affecting Texas Real Estate Agents. First, the five canons of professional ethics and conduct are identified and discussed. Because agency relationships are critical to real estate transactions, this relationship is explored. Another relationship that is explored involves connections between parties in real estate transactions, including intermediary brokerage relationships and subagency. The relationship between a real estate agent and a client is a fiduciary one, requiring each agent to put clients' interests first and adhere to the particular standards and ethics required by law. The varied responsibilities and duties of the real estate agent to different parties may often lead to conflicts of interest. Real estate agents must be aware of these potential conflicts and must also of how to prevent and deal with them.
Regulatory Information
TREC Legal Update I - Texas Real Estate Commission
- Name:
- Texas Real Estate Commission
- Phone:
- 512-936-3000
- Fax:
- 512-926-3863
- Website URL:
- https://www.trec.texas.gov/
- Email Address:
- information@trec.texas.gov
- Address:
- 1700 N. Congress Avenue
- City:
- Austin
- State:
- TX
- Zip:
- 78701
TREC Guideline Update effective September 1, 2017
As of September 1st, new TREC Guidelines require students to take all qualifying exams in the presence of an official proctor. Click here to learn more.
TREC now requires exams to be taken in the presence of a qualified, eligible Proctor to qualify for a certificate of completion.
Please see below for a list of acceptable Proctors:
- An authorized notary
- Employees at official testing or learning/tutoring centers
- Librarians at a school, university, or public library
- College or university administrators, faculty, or academic advisors
- Clergy who are affiliated with a specific temple, synagogue, mosque, or church
- Members of the court system – a Judge, justice of the peace, magistrates, and prosecutors
- Law Enforcement Officers – a sergeant, lieutenant, or captain and
- Educational officers of a military installation or correctional facility.
As set out in Texas Occupations Code §53.025 and TREC Rule 541.1, you may be requested to provide a background check prior to enrolling in Texas real estate courses. If you have any criminal offenses, unpaid judgments, had discipline taken against a professional or occupational license, or have performed unlicensed activity, TREC requires you to consider submitting a completed Moral Character Determination Form before applying for a license.
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