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Salesperson: The Texas Real Estate Commission requires 210 classroom hours of instruction to apply for a license. If you have taken college courses, many times they can be used towards as many as 60 of the required classroom hours (equivalent to four semester hours). See TREC’s website for more information. If TREC will accept your education documents, our 150 hour package will satisfy the rest of your requirements. If not, you can still easily satisfy your education requirements by taking our full 210 hour package.
Broker: to be eligible to apply for a Broker’s License, an individual needs 2 years of active experience, everything for a Salesperson (including the SAE and a 30-hour Brokerage course as part of the 270 core hours), and an additional 630 classroom hours in related courses
"These courses are provided in conjunction with Lamar University"
Please Note: All PDF and Book formats have online quizzes/final exam that are available at your own pace.
5 Course Package with *Free* Exam Prep 150 Hrs
(Book format, Online or PDF)
7 Course Pkg with *Free* Exam Prep Package 210 Hrs
(Book format, Online or PDF)
60 Hour Texas Pre-license Add-On PL Pack
(Book format, Online or PDF)
Courses
Salesperson Exam Prep Package Exam Prep
Principles of Real Estate I (0111)- 30 Hrs
Law of Agency (1111) 30 Hrs Mandatory
Law of Contracts (1200) 30 Hrs Mandatory
Principles of Real Estate I and II 60 Hrs Mandatory
Marketing I: Building a Real Estate Practice (0511)
Marketing II Negotiations Techniques TREC 0512
Real Estate Finance I (TREC 0411)
Real Estate Finance II: TREC 0412
Property Management: TREC 0811 - Textbook
Real Estate Law TREC (0311) - PDF Format 30.0 Hrs
Texas Online Real Estate License Course
100% online; take it all at once or start and stop
Education Requirement
Before applying for a real estate Salesperson License, an individual must first furnish the Commission satisfactory evidence of successfully completing the following education:
- Principles of Real Estate core real estate course [60 classroom hours]
- Law of Agency core real estate course (30 classroom hours)
- Law of Contracts core real estate course (30 classroom hours)
- An additional core real estate course (30 classroom hours)
- Another four semester (60 classroom) hours in core courses or in related courses acceptable to the Commission.
Description of 150 Hour Pre License Package
This complete Pre-Licensing package includes all necessary courses to qualify to take the Real Estate Salesperson state exam. The included courses in this course package.
- Real Estate Principles I & II (60hours) TREC 0111 & 0112
- Law of Contracts (30 hours) TREC 1200
- Law of Agency (30 hours) TREC 1111
- Marketing I: Building a Successful Real Estate Practice (30 hours) TREC 0511
- FREE Salesperson Exam Prep
Principles of Real Estate I
Texas Principles of Real Estate is a 60-hour course required by the Texas Real Estate Commission (TREC) for anyone who wishes to become a licensed real estate agent in Texas. The course provides a comprehensive overview of real estate principles.
Texas Principles of Real Estate contains the following modules:
- Texas License Law
- Real Property Ownership and Land Use
- Code of Ethics in Real Estate Practice
- Fair Housing
- Agency
- Contracts, Purchase and Sale Agreements
- Environmental Hazards
- Deeds
- Titles and Records
- Liens, Taxes and Foreclosures
- Listing Agreements
- Closing and Settlement Costs
- Real Estate Appraisal
- Real Estate Finance
- Real Estate Math
Modules begin with an introduction, learning objectives and key terms. As students work through the course, they can keep the learning objectives in mind and refer to the key terms as necessary. The modules are divided into lessons, which are followed by quizzes to test student comprehension. Modules conclude with activities and case studies that allow students to apply the knowledge they have gained to real-world situations; each module is followed by a final quiz. The introductions, lesson summaries and module summaries are all available in a printable format for reference purposes.
Law of Agency
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
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: Building a Real Estate Practice (0511)
How to Build a Real Estate Practice in Texas is a thirty-hour course for experienced real estate professionals who wish to establish their own real estate brokerages. The course provides information on how to successfully operate a business, teaches professional skills necessary to provide high-quality service to clients, discusses risk management and compliance within federal and state law, and addresses issues related to valuation and finance.
There are seven sections or modules to this course and their learning objectives are listed below:
How to Build a Successful Business
- Understand the risks and requirements of starting a business
- Be able to create a mission statement, business plan and marketing plan
- Be able to recognize the significance of market presence
- Understand the importance of referrals, prospecting and farming
- Know how to develop effective communication skills
- Be able to use various marketing techniques in order to promote the services of a real estate brokerage firm
- Know how to hire and train employees
- Be able to build lasting relationships with partners and clients
- Understand the characteristics of an effective manager
Asset Management
- Be familiar with the basic concepts of asset management
- Be familiar with the common decisions faced by an asset manager
- Know what a Real Estate Investment Trust (REIT) is and the benefits of investing in one
- Understand the risks and rewards associated with real estate investment
- Know how to conduct a useful market study
- Understand how interest rates affect the real estate market
- Be able to calculate the depreciation of residential and commercial real property held for business or investment
- Be familiar with the financial ratio methods of valuation, including Price to Earnings Ratios and Cap Rates
- Know how to create a pro forma projection for a real estate investment alternative
- Know the basics of a Discounted Cash Flow (DCF) analysis
- Know how to use the Net Present Value (NPV) and Internal Rate of Return (IRR) to compare the values of several alternatives
- Be familiar with distressed properties and how to handle them
- Know the important factors to consider when refinancing
- Be able to apply these concepts in the real world
Tax-Favorable Real Estate Transactions
- Identify motivated buying and selling clients.
- Outline the attributes of qualified and non-qualified products and how they can benefit to the sales process.
- Describe the restrictive rulings of the 1031 exchange program.
- Explain how money can be accumulated using pre-tax dollars, accumulating interest on a tax-deferred basis and creating litigation protection.
State charitable strategies for creating income and tax relief for individuals or families owning highly-appreciated real estate.
- Describe charitable gift annuities and the annuity payments, income benefits and tax advantages associated with them.
- State the parameters that the IRS uses to define a valid "like kind" exchange.
- Explain the advantages and disadvantages of various exchanging alternatives.
- Outline the mechanics of a successful tax-deferred exchange and the role of each party in those exchanges.
- Identify common exchange documentation and describe the role of a qualified intermediary.
- Define “boot” and explain how to deal with it.
- Calculate whether a sale is preferable to an exchange.
- Code of Ethics
- Identify the definition of ethics used in this course.
- Briefly describe the four business ethics approaches used in this course.
- List major categories of the Articles of the NAR® Code of Ethics.
- Describe the structure of the NAR® Code of Ethics and its supporting materials.
- Identify at least two aspirational concepts in the Preamble to the NAR® Code of Ethics, describe the concept of general business ethics and identify how the Code of Ethics compares and contrasts with the concept of general business ethics.
- Describe the concepts of at least two of the following Articles of the Code of Ethics: Articles 1, 2, 3, 9, 11, 12, 16, and 17.
- Identify possible violations of the NAR® Code of Ethics given interactive learning methods such as case studies, quizzes, role playing and group discussion of fact scenarios.
- Briefly describe the professional standards enforcement process of a local board or association.
- Differentiate between intentional fraud, negligent misrepresentation and negligence.
- List the three violations of antitrust laws: price fixing, group boycotts and market allocations.
- Describe how the existence of and adherence to the NAR® Code of Ethics is good for the real estate profession.
Fair Housing
- Understand the purpose of the Federal Fair Housing Laws and be able to identify the protected classes covered by the Fair Housing Act.
- Be aware of the seven activities considered illegal as a result of the Fair Housing Laws.
- Know the five exemptions from the Federal Fair Housing Laws for property owners.
- Be able to recognize discrimination in real estate practice.
- Be able to identify acts considered discriminatory under the Fair Housing Act of 1968 as amended in 1972 and 1988.
- Understand the purpose of the Federal Equal Credit Opportunity Act (ECOA) and know the classes it protects.
- Understand the purpose of the Americans with Disabilities Act ADA).
- Know how the ADA affects real estate practice.
- Know how Fair Housing Complaints are handled.
- Know the penalties for non-compliance with Fair Housing Laws
- Know how to incorporate business practices designed to prevent discrimination by real estate professionals.
- Understand the purpose of the HUD/NAR Partnership and why it is important.
- Know the most important principle in following HUD Advertising Guidelines.
- Be able to identify acceptable and unacceptable words and phrases for use in advertisements.
- Have learned how to apply those practices that will assist a REALTOR® in evidencing that he or she does not discriminate.
- Know what the differences are between federal regulations and Texas State regulations on fair housing.
Real Estate Appraisal
- Identify and explain the fundamental concepts and terminology used in real estate valuation and appraisal.
- Identify the basic capacities and skills of a qualified appraiser.
- Recognize the valuation principles used in real estate appraisal.
- Apply value theories to arrive at purchase prices of real estate.
- Characterize a favorable market for real estate sales.
- Differentiate the three approaches to value commonly used in appraisal.
- Follow the eight steps to the appraisal process to arrive at an accurate purchase price.
- Analyze and interpret an appraisal report.
- Differentiate between appraisal licensure and certification.
Real Estate Finance
- Understand the basic concepts of real estate financing, and the key terms involved
- Know how to qualify a buyer for the most common types of loans
- Be familiar with the use and function of escrow accounts
- Know what a Mortgage Insurance Premium is
- Know the underwriting guidelines and process
- Be familiar with the three most common types of loans: Conventional, FHA and VA
- Know the advantages and disadvantages of conventional loans
- Know how to use conventional qualifying ratios
- Know the advantages and disadvantages of FHA loans
- Know about the differing FHA qualification ratios
- Know the advantages and disadvantages of VA loans
- Be familiar with VA eligibility and qualification periods
- Be able to calculate the amount of VA entitlement used
- Be able to calculate VA loan amounts and required down payments
- Know the process and qualifications for assuming VA and FHA loans
- Be familiar with other types of loans available
- Know how to underwrite and close loans
Final Exam - Passing Grade 70%. You can take the final three times.
Texas real estate pre-license online classes including texas real estate principles, law of contracts, law of agency, marketing & free salesperson exam prep. Also building a real estate practice, negotiations,real property ownership,code of ethics,fair housing,deeds,titles & records,closing & settlement costs & real estate math
TEXAS
PRE-LICENSE PACKAGES
Texas real estate pre-license online classes including texas real estate principles, law of contracts, law of agency, marketing & free salesperson exam prep. Also building a real estate practice, negotiations,real property ownership,code of ethics,fair housing,deeds,titles & records,closing & settlement costs & real estate math
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