TEXAS LIVE REAL ESTATE CLASSES

Course Description:

The purpose of this course is to communicate recent updates, changes, and addendums to laws, regulations, legal definitions, and forms as they apply to real estate practice in the state of Texas. Since judicial interpretation provides the effective enforcement of these changes, a section containing several case studies is included in the course in order to illustrate the law in action in contemporary practice.

LESSON ONE: Forms

• Lesson Topics
• Lesson Objectives
• Addendum for Reservation of Oil, Gas and Other Minerals (44-0)
• Short Sale Addendum (45-0)
• Notice of Buyer’s Termination of Contract (38-2)
• Residential Real Property Affidavit T-47
• Water District Notices
• Nguyen v. Woodley
• Rich v. Olah
• Sierra Associate Group, Inc. v. Bryan Hardemen, et al
• ERA Realty Group v. Advocates for Children and Families, Inc.
• Fawcett, Ltd. v. Idaho Northern & Pacific Railroad Company
• Lesson Assessment

LESSON TWO: Legislative Changes

• Lesson Topics
• Lesson Objectives
• Seller’s Disclosure (OP-H) - HB 3502
• Real Estate Recovery Fund
• Ad Valorem Protests
• Title Insurance
• Landlord / Tenant Relationships
• Homesteads
• Changes in Foreclosure Sales
• Mortgage Originators
• Limits on Condemnation
• Lis Pendens
• Property Owners Associations
• Texas Residential Construction Commission
• Lesson Assessment

LESSON THREE: Hot Topics

• Lesson Topics
• Lesson Objectives
• Earnest Money Disputes
• RESPA
• HUD-1, GFE
• Brokers and the Unauthorized Practice of Law
• Energy Audits
• Johnson v. Conner
• Busby v. JRHBW Realty, Inc.
• Lesson Assessment

LESSON FOUR: Case Studies

• Lesson Topics
• Lesson Objectives
• Prudential Partners v. Italian Cowboy
• Pleasant v. Bradford
• Whiteside Associates v. Ryan Equity
• Sutton v. Ebby Halliday
• Van Marcontell v. Jacoby
• Sellers v. Gomez
• Lesson Assessment
• Learning Objectives
• Describe the new forms
• Compare new forms to older forms
• Describe a situation in which the form is used
• Recall recent legislative changes
• Explain the impact of the changes on real estate practice
• Assess a situation when applying a change and suggest a cure
• Describe each hot topic
• Interpret situations when a topic should be applied
• Describe a topic to a client
• Recall case studies
• Define property defect
• Explain multiple disclosures
• Demonstrate an understanding of DTPA
• Apply case law to brokerage situations

Course Description:

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.

The course discusses the specific requirements for agents in making offers to clients, disclosures of information, and resolving any disputes that may arise in the course of real estate transactions. When agents fail to meet the required ethical standards or satisfy other legal requirements they are subject to disciplinary action. This course includes case studies, which help to explore the ethical situations that agents may face, and the potential consequences that may occur when agents fail to behave in accord with the ethical requirements that govern their business transactions.

Learning Objectives:

• Describe the five canons of professional ethics
• Define scrupulously and meticulously
• Compare ethical behavior in a given real estate transaction to unethical behavior
• Analyze a case study
• Define fiduciary
• Explain the difference between a customer and a client
• State when agency disclosure should be made
• Define subagency
• Classify agency relationships as intermediary or non-intermediary
• Assess a situation for a conflict of interest and recommend a solution
• Interpret statute of frauds as applied in real estate transactions
• Interpret a situation as a multiple-offer situation
• Describe minimum services broker duties
• Define property defect
• Explain multiple disclosures
• Demonstrate an understanding of DTPA
• Describe advertising that meets legal requirements
• Give an example of a team name that meets TREC legal requirements
• Appraise an advertisement for compliance
• Recall the Internet advertising checklist
• Recall limits on team names
• Describe mediation
• Describe arbitration
• Formulate a plan for using formal or informal mediations to handle a client complaint
• Discuss the use of arbitration
• Interpret attorney exemption and sharing compensation
• Recall pertinent facts of cases
• Compare and contrast a case situation to similar events in a licensee’s brokerage
• Discuss TREC conclusions and how to avoid similar violations

TEXAS ONLINE AND CORRESPONDENCE CLASSES

These courses are provided through and in conjunction with 360training.com, Inc. -TREC Provider #238 and Lamar Institute of Technology For distance learning, The Texas Real Estate Commission considers an online course complete when credit is awarded by the provider. The provider shall award the student credit for the course no earlier than 24 hours after the student starts and completes the course requirements for credit. The certificate shall reflect the completion date that conforms with this requirement. Please take this 24 hour period into consideration when choosing to start your course, especially if you are extremely close to your expiration date. For additional information regarding TREC’s policies, please visit: www.trec.state.tx.us

Please check the REGISTER HERE link to register for the course(s) you wish to take. Then click the "Add To Cart" button to proceed with registration.

 

Click on course title for course description.
PACKAGES	HOURS	COST		ONLINE	CORRESPONDENCE
15 Hr Renewal Package (PDF)	15 Hrs	$99.00	Register Here
Texas 9 Hour Renewal Package #1	9 Hrs	$59.00	Register Here
Texas 9 Hour Renewal Package #2	9 Hrs	$59.00	Register Here
TX 15 Hr Renewal Package #1	15.0	$99.00	Register Here
TX 15 Hr Renewal Package #2	15.0	$99.00	Register Here
Click on course title for course description.
COURSE TITLE	HOURS	COST		ONLINE	CORRESPONDENCE
Asset Management	3 Hrs Elective	$25.00	Demo	Register Her
Closing and Settlement Costs	3 Hrs Elective	$25.00	Demo	Register Here
Closings and Settlement Costs	4 Hrs Elective	$36.00	Demo	Register Here
Contracts, Purchase and Sales Agreements	4 Hrs Elective	$36.00	Demo	Register Here
Deeds	3 Hrs Elective	$25.00	Demo	Register Here
Environmental Hazards	4 Hrs Elective	$36.00	Demo	Register Here
Estimating the Gross Living Area	3 Hrs Elective	$25.00	Demo	Register Here
Fair Housing	4 Hrs Elective	$36.00	Demo	Register Here
Home Inspection	3 Hrs Elective	$25.00	Demo	Register Here
Leases	4 Hrs Elective	$36.00	Demo	Register Here
Liens, Taxes and Foreclosures	3 Hrs Elective	$25.00	Demo	Register Here
Liens, Taxes, and Foreclosures	3 Hrs Elective	$25.00	Demo	Register Here
Listing Agreements	4 Hrs Elective	$36.00	Demo	Register Here
NTREIS Listings Training	2 Hrs Elective	$25.00	Demo	Register Here
Property Management	4 Hrs Elective	$36.00	Demo	Register Here
Real Estate Appraisal	3 Hrs Elective	$25.00	Demo	Register Here
Real Estate Appraisal	3 Hrs	$30.00	Demo	Register Here
Real Estate Appraisal	3 Hrs Elective	$25.00	Demo	Register Here
Real Estate Finance	3 Hrs Elective	$25.00	Demo	Register Here
Real Estate Math	3 Hrs Elective	$25.00	Demo	Register Here
Real Property Ownership and Land Use	3 Hrs Elective	$25.00	Demo	Register Here
Tax Favorable Real Estate Transactions	4 Hrs Elective	$36.00	Demo	Register Here
TREC Ethics MCE	3 Hrs Legal	$20.00	Demo	Register Here
TREC Ethics MCE	3 Hrs Ethics	$25.00	Demo	Register Here
TREC Legal Update	3 Hrs Legal	$25.00	Demo	Register Here
TREC Legal Update MCE	3 Hrs Legal	$20.00	Demo	Register Here
Using the Internet to Serve Clients	4 Hrs Elective	$36.00	Demo	Register Here

ONLINE CLASS DESCRIPTIONS

Package Description

This package contains the following courses

• Real Estate Appraisal
• Closing and Settlement Costs
• Liens, Taxes, and Foreclosures
• TREC Ethics MCE
• TREC Legal Update

This package contains following courses: TREC Ethics MCE TREC Legal Update MCE Real Estate Appraisal Estimating the Gross Living Area Real Estate Math For course description 'Click' on single courses

This package contains following courses: TREC Ethics MCE TREC Legal Update MCE Home Inspection Deeds Liens, Taxes and Foreclosures For course description 'Click' on single courses

The Texas 9 Hour Renewal Package #1 includes the following courses

• Real Estate Appraisal
• Estimating the Gross Living Area
• Real Estate Math

In cooperation with the Texas Real Estate Commission, the Real Estate Center at Texas A&M University developed this real estate legal update curriculum with the assistance of an advisory committee of active licensees, attorneys and education providers. Real estate licensees are encouraged to acquire additional information and to take courses in specific, applicable topics.

The Texas 9 Hour Renewal Package #3 includes the following courses

• Home Inspection
• Deeds
• Liens, Taxes and Foreclosures

In cooperation with the Texas Real Estate Commission, the Real Estate Center at Texas A&M University developed this real estate legal update curriculum with the assistance of an advisory committee of active licensees, attorneys and education providers. Real estate licensees are encouraged to acquire additional information and to take courses in specific, applicable topics.

Course Summary

Asset Management is the term used for the decision-making process involved in maximizing returns on real property investments. This process includes such decisions as whether or not to renew a lease for a tenant, purchase or lease more assets, improve, sell or rent one’s current assets, etc. The asset manager must be aware of market trends and indicators and must be able to accurately predict the cash inflows and outflows of his or her own holdings. This module provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle distressed properties and how to successfully market a revenue-increasing strategy.

The module ends with case studies and real world practice, which will aid the student in becoming confident and familiar with the various aspects of asset management.

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Learning Objectives

Upon completion of this module, the student will:

• 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

Course Description:

In many states, a licensee has no official duties throughout the closing process. This leads some real estate licensees to believe that their job ends when the purchase and sales contract is signed, but this is not a prudent stance. Transactions can and do fall apart during the closing stage. Licensees who are familiar with closing procedures and settlement costs can stay involved and use their skills to help ensure that their transactions end well.

This course will introduce the student to the closing statement (also called a “settlement statement”). This is a document that provides a detailed list of each party’s expenses as well as how much he or she has already contributed to the transaction thus far. This statement also provides an accounting of the final amount that the buyer must bring to the closing. To complete a closing or settlement statement properly, one must know which principal is responsible for each transaction expense. A licensee must also have a clear understanding of credits and debits and should know how to prorate expenses that must be divided between the principals.

All transactions that fall under RESPA (the Real Estate Settlement Procedures Act) regulation are required to use the HUD-1 Settlement Statement form. This means that all transactions involving a federally related loan used to purchase a one- to four-family home must use the HUD-1 Settlement Statement form; this in turn means that nearly all residential purchase transactions will require this form. Therefore, the HUD-1 Settlement Statement is the most commonly used form for settlement statements, and all licensees who deal in residential property should be familiar with it.

Learning Objectives:

• Outline the primary concerns that arise throughout the closing process, for both the buyer and the seller.
• Describe what both the buyer and the seller must do to prepare for the closing date.
• List the documents that the buyer and the seller must complete to close a typical real estate transaction.
• Explain a licensee’s responsibility with respect to IRS Form 1099-S and HUD’s “Notice to the Homebuyer” form.
• Name and distinguish the different types of closings.
• Describe the licensee’s role in the closing process.
• Outline the basic requirements and regulations imposed by the Real Estate Settlement Procedures Act (RESPA).
• Identify which party is responsible for each expense in a typical closing transaction.
• Explain the concept of credit and the concept of debit.
• Prorate prepaid items and accrued expenses.

Lesson Topics:

Lesson 1: Real Estate Closings

• Pre-Closing Requirements
• Closing Procedures
• Reporting Transactions to the IRS
• Licensee’s Role
• Real Estate Settlement Procedures Act (RESPA)

Lesson 2: Expenses

• Allocating Expenses
• Credits and Debits
• Prorating Expenses

Lesson 3: The HUD-1 Settlement Statement

• General Guidelines for the HUD-1 Settlement Statement Form
• Settlement Charges
• Summary of Borrower’s Transaction
• Summary of Seller’s Transaction

Lesson 4: Real World Practice

• Field Application of Settlement Statement Knowledge
• Insight into Closings and Settlement Costs

Closing and Settlement Costs
This module covers a broad range of issues related to closing and settlement to help the student learn ways to help clients through this sometimes complicated process. It includes the following lessons:

• Real Estate Closings
• Expenses
• The HUD-1 Settlement Statement

In addition, this module includes a final practice lesson. This concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should develop a broad picture of closing and settlement procedures and should understand how they fit into the larger practice of real estate. The last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

COURSE DESCRIPTION

Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.

Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.

In this module, the student will learn about the types of general contracts as well as the different kinds of real estate contracts. The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.

This module includes the following lessons:

 

• Introduction to Contracts
• Contract Fulfillment
• Real Estate Contracts
• Contracts, Purchase and Sales Agreements in Texas

The fourth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

3 hour TREC MCE - Deeds

Deeds A deed is a written instrument that is commonly used to convey the title to real property. Consequently, all real estate professionals must have a clear understanding of the uses and purposes of different types of deeds. This module also illustrates the difference between the concept of title and the concept of a deed. The first lesson of this module reviews the requirements of a legally enforceable contract. A deed is a legal contract between two parties for land conveyance; therefore, the requirements for a deed to legally convey the title to real property are also reviewed and explained in detail. The second lesson of this module covers types of deeds and their different uses. Types of deeds for voluntary land conveyance differ in the extent of covenants and warranties on the title that are offered to the grantee. The most common types of deeds for voluntary land conveyance are general warranty deeds, special warranty deeds, bargain and sale deeds and quitclaim deeds. The lesson then identifies other types of deeds that may be used for special purposes. All states have distinctive legislation pertaining to title conveyance. As a result, the third lesson of this module outlines relevant state statutes that affect the creation and execution of deeds, including those that differentiate between the unauthorized practice of law and the lawful role of real estate professionals. The last lesson in this module is a real estate practice lesson in which the student is presented with real world situations that licensees might face in the field. This lesson gives the student an opportunity to employ his or her new knowledge, and to use the material in this module to properly manage ethical predicaments and problematic transactions.

Approved for Appraiser Continuing Education
Dual credit for Real Estate MCE: 3 hours of MCE credit with 0 hrs. in legal.

APPROVAL NUMBER for MCE credit:
03-00-055-2953

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COURSE DESCRIPTION:
This module covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a property’s value, so buyers, sellers, lenders and licensees all can be affected by them. Students will learn throughout this module to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this module students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure. The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes this module, he or she should try to paint a big picture of environmental issues, which the module will address with comprehensive content questions, practices and case studies.

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LEARNING OBJECTIVES:

• Identify recent laws that have an impact on environmental issues, including lead-based paint disclosure laws
• Know the procedures used to locate toxic waste sites, the responsibilities for cleanup and steps that may be taken to minimize future liabilities
• Understand the nature of major air pollutants and the remedies that may be applied to minimize their effects
• Be able to list at least three sources of human exposure to PCBs and at least two effects of this PCB exposure on humans
• Understand landowners’ responsibility for the protection of wetlands areas on their property
• Identify the issues landowners and developers face regarding endangered-species protection
• Comprehend the nature of electromagnetic forces and the possible need for testing
• Be able to describe at least two major provisions of the Small Business Liability Relief and Brownfields Revitalization Act
• Know the current status of environmental laws and their effect on property insurance and mortgage lending

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TOPICS COVERED:

• INTRODUCTION
• Lesson 1: The Indoor Environment
• Lesson 2: The External Environment
• Lesson 3: Legislation
• Lesson 4: Disclosure and Site Assessment
• Lesson 5: Real-Estate Practice

3 Hour TREC MCE - Estimating the Gross Living Area

3 Hour TREC MCE - ESTIMATING GROSS LIVING AREAS FOR RESIDENTIAL PROPERTIES COURSE DESCRIPTION: This course is deigned as a 3-hour course that teaches those in the real estate community about estimating gross living area. We will cover broad issues and describe the procedures for measuring the total square footage of detached single-family homes and multi-family gross building areas. The methods employed are the industry standard for the calculation process and enable the users of this information to obtain accurate and reproducible measurements for total gross living area of residential properties. You will learn how to treat the finished areas above- and below-grade, the finished living area above the garage, and the unfinished areas within the structure. The standard will allow individuals and organizations to agree and cooperate in communicating these square footage quantities to users of this information. This standard promotes these goals in the hope that square footage calculation can become an item of agreement rather than a point of contention between groups with different interests and concerns. This Estimating Gross Living Areas for Residential Properties course utilizes interactive technology and audio in an appealing way to facilitate learning. Upon completion of this course, the student will be able to: • Define the American National Standard for Single-Family Residential Buildings (ANSI) and associated definitions. • Understand the scope and purpose of the ANSI. • Employ the calculation and measurement of square footage. • Comprehend the Statement of Finished Square Footage. • Calculate and measure estimated gross living area according to floor plans. • Identify the different values associated with real property, namely market value. • Determine the forces affecting market value. • Apply the appraisal process with regards to the Bundle of Rights and the appraisal process flow chart. • Define the Uniform Standards of Professional Appraisal Practice (USPAP) and various rules that accompany the USPAP. • Identify the components of valuation analysis. • Review a summary of the course and guidelines used for the estimation of the gross living area.

Course Description

This course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws. This module addresses the following topics:

• Introduction to Fair Housing
• Discrimination
• Additional Legal Protections to Prevent Discrimination
• Enforcement of Fair Housing Laws
• Avoiding Discriminatory Practices
• Real World Practice
• Texas State Laws and Regulations

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LEARNING OBJECTIVES

Upon completion of this course the student will:

• 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.

HOME INSPECTION

COURSE DESCRIPTION:
As the market becomes more competitive, only a business comprised of well-rounded licensees who provide comprehensive advice will continue to stand out. This course instructs real estate licensees on the basics of home inspection. An understanding of this information will allow the student to serve his or her clients and customers better.

This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.

Upon completion of this course, the student will:

• Understand the development of home inspection in the inspection business.
• Appreciate an inspector's role at closing in residential sales transactions.
• Know the tools needed and conduct expected in the field.
• Distinguish various field report styles and know the benefits and drawbacks to each.
• Understand an inspector's professional liability.
• Recognize the steps in the examination process.
• Identify common misconceptions about home inspection.
• Value membership to a reputable, non-profit home inspection organization.
• Know the extent of home inspection legislation.
• Appreciate the different ways states regulate the home inspection industry.

 

Leases

COURSE DESCRIPTION:
Leased property makes up a large portion of the national real estate market.
Licensees may encounter the special issues pertaining to leased property as property managers or as rental agents and brokers. The lease contract requires the participation of only a lessor and lessee in order to be valid, but property managers, rental agents, brokers and lawyers may act as representatives or consultants in the process of negotiating, signing and fulfilling the lease agreement.

This is an introduction to the financial option of leasing. The course presents the student with a comprehensive study of residential and commercial leases, describes the various types of leases and explains the characteristics of lease agreements. The process of lease origination, execution and termination are covered in depth.

The course also describes leases in the context of landlord and tenant law. It explains the importance and the usage of lease agreements in drafting and executing a rental agreement.

This Leases Course utilizes interactive technology and audio in an appealing way to facilitate the learning of the leasing process.

At the conclusion of your study material, you should be able to:

• Understand the importance of the rental market within the national housing market
• Describe what a lease is and who the signatories on a lease contract are
• Explain the characteristics that make a lease legally enforceable
• Identify and explain the terms and elements of a lease agreement
• Differentiate between the different types of tenancy agreements and their respective characteristics
• Be able to calculate lease amounts for gross, net and percentage leases
• Understand the landlord’s rights and responsibilities in a lease agreement
• Understand the tenant’s rights and responsibilities in a lease agreement
• Comprehend the importance and validity of the Federal Fair Housing Act
• Explain the key characteristics of the Uniform Residential Landlord Tenant Act of 1972
• Differentiate between commercial and residential leasing
• Understand the different types of commercial lease agreements
• Understand the applicative nature of the Americans with Disabilities Act within commercial leasing
• Identify the various ways in which a lease agreement may be terminated
• Describe causes of termination
• Describe eviction procedures

3 hour TREC MCE - Liens, Taxes and Foreclosures

3 hour TREC MCE - Liens, Taxes and Foreclosures This module discusses liens, taxes and foreclosures. There are many types of liens, as well as several kinds of taxes, that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lienholders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers. The first lesson presents a general overview of liens. It explains the classification of liens and discusses the types of non-tax liens. Lesson two discusses taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes and tax shelters for homeowners and investors. It also discusses the priority of liens. Lesson three addresses the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure and fraudulent behaviors related to foreclosure. The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes the module, he or she should try to paint a big picture of the issues surrounding liens, taxes and foreclosures, which the module addresses with comprehensive questions, activities and case studies.

Course Description

One of the main ways that real estate licensees profit from real estate transactions is through listing agreements, or written contractual agreements between property owners and real estate licensees in which the licensee markets a property on behalf of an owner. Consequently, understanding the different types of listing agreements, what makes a listing agreement valid and who may enter into listing agreements with consumers is of specific importance to all licensees.

In accordance with TREC rules Sections 535.71 and 535.72D, this module will help the student become familiar with the basic legal concepts and forms used in listing real property and the different types of listing agreements available. In addition, it presents an overview of the listing process through a step-by-step review of the basic listing form and contents.

Although listing agreements vary from broker-to-broker and state-to-state, the underlying core content, form and most of the legal implications associated with them, remain the same. It is these core concepts that this course will address; and, consequently, upon completion of this course, the student will know how to successfully obtain listings (through prospecting and other means), how to maintain listings through quality representation and how to retain loyal clientele and gain referrals for future business.

The conclusion of this module presents real world dilemmas and applications of the information presented. As you complete this module, try to keep in mind how it will impact your role in the field as a real estate licensee, and how you assist consumers.

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Learning Objectives

Upon completion of this course, the student will be able to:

• Describe the broker/owner relationship.
• Outline the legal aspects of the broker/owner relationship and other responsibilities created by listing agreements.
• Identify various types of listing agreements and explain the differences they make in a business relationship.
• Explain the listing process and the basic marketing strategies needed to obtain listings.
• Describe the basic concept of Comparative Market Analysis (CMA) and the process involved in preparing one.
• State the basic content and form of a listing agreement.
• Name other forms typically executed along with a listing agreement, including forms required by federal law and others required by most states.
• Describe marketing strategies needed to obtain a buyer while maintaining customer loyalty.

This NTREIS Listing Training course will introduce and familiarize the members of the North Texas Real Estate Information Services, Inc. with an Internet only based Multiple Listing Service and to assist them in their marketing ability to list and sell properties online. The course will focus on the ability to search for properties in a variety of ways, integrate tax information using an online tax database, create maps of properties and the areas around it, download pictures and virtual tours, set up auto-notification, find statistical reports, create a prospect data base and learn how to use the new transaction management online platform.

4 hour Texas TREC MCE - Property Management

4 hour Texas TREC MCE - PROPERTY MANAGEMENT COURSE DESCRIPTION: Property management is a special category of real estate work. The term “property management” generally refers to the group of services which an owner hires a professional property manager or management firm to perform. The quality of management directly affects the profitability of the property being managed. A skilled property manager thus protects the owner’s capital investment in real estate and makes sure that the property generates profit. In many cases, property managers must be licensed real estate brokers. We will cover a property manager’s basic functions, including administrative duties, leasing practices and the manager’s legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner clearly understand one another's roles. Licensees will benefit from understanding the various types of property management, as well as the duties that successful property managers must perform. Upon completion of this course, the student will be able to: • Describe the purpose and the various kinds of property management. • Outline the manager’s legal relationship with the owner. • Identify the day-to-day tasks of the property manager. • Describe effective ways for a property manager to interact with tenants and potential tenants. • Recognize the various types of leases and leasing procedures.

3 hour Texas TREC MCE - Real Estate Appraisal

3 hour TREC MCE REAL ESTATE APPRAISAL COURSE DESCRIPTION: In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods—which have specific materials, production and marketing costs—can be somewhat more involved. With property, the fixed costs—building materials and labor costs—are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet. This course covers the theories, rules, duties and activities that guide the real estate appraisal process. An appraiser must also conduct him or herself professionally, ethically and honestly. There are guidelines regarding professionally and ethically correct behavior of appraisers as well which are also covered by this course. The entire appraisal process should be carried out in the best possible way for consumers and licensees as well as the real estate market. Upon completion of this module, the student will be able to: • Understand the basics of and common terms relating to real estate value estimation and appraisal. • List the traits that a qualified appraiser must possess. • Identify the value principles applied in the appraisal of property. • Employ the value theories in the appraisal process to calculate the price at which property should be traded. • Identify the characteristics that a real estate market should have to promote trade of property. • Discuss the three value approached in detail. • Pursue the eight steps of real estate appraisal to reach a purchase price for a property. • Understand an appraisal report. • Know the difference between an appraisal certificate and license.

This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.
In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.

Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.

Course Description:

In order to own and convey property in a market economy it is necessary for that property to be assigned a specific monetary value. This process, unlike, say, that of assigning value to durable goods—which have specific materials, production and marketing costs—can be somewhat more involved. With property, the fixed costs—building materials and labor costs—are always accompanied by more esoteric factors that go to make property more (or less) valuable. Becoming a member of the group that understands and applies these factors is a bit more complex than simply being able to understand a balance sheet.

This course covers the theories, rules, duties and activities that guide the real estate appraisal process. An appraiser must also conduct him- or herself professionally, ethically and honestly. There are guidelines regarding professionally and ethically correct behavior of appraisers as well that are also covered by this course. The entire appraisal process should be carried out in the best possible way for consumers and licensees as well as the real estate market.

Learning Objectives:

• Understand the basics of and common terms relating to real estate value estimation and appraisal.
• List the traits that a qualified appraiser must possess.
• Identify the value principles applied in the appraisal of property.
• Employ the value theories in the appraisal process to calculate the price at which property should be traded.
• Identify the characteristics that a real estate market should have to promote trade of property.
• Discuss the three value approach in detail.
• Pursue the eight steps of real estate appraisal to reach a purchase price for a property.
• Understand an appraisal report.
• Know the difference between an appraisal certificate and license.

Lesson Topics:

Lesson 1: The Role of an Appraiser

• Characteristics of a Reliable Appraiser
• Qualifications of an Appraiser
• Appraisal Employment and Job Functions

Lesson 2: Federal Legislation and National Agencies

• The Appraisal Foundation
• FIRREA
• USPAP

Lesson 3: Value Principles

• Price
• Cost
• Value
• Value Principles and Theories

Lesson 4: The Dynamics of the Real Estate Market

• Market Influences
• Elements that Create Value Criteria
• Combining Market Characteristics with Value Determinates

Lesson 5: Approaches to Appraisal

• Land Value Approaches
• Relationship between the Approaches

Lesson 6: The Appraisal Process

• Eight Steps to the Appraisal Process

Lesson 7: Real Estate Practice

• Completing a Residential Appraisal
• Field Applications of Appraisal Material

Course Description

This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.

In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.

Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.

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Learning Objectives

Upon Completion of this course, the student will:

• 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

3 hour TREC MCE Real Estate Math

3 hour TREC MCE - REAL ESTATE MATH COURSE DESCRIPTION: This course covers math principles essential in the practice of real estate. Some of these topics may already be familiar to the student. The course will elaborate on how the subject matter pertains to real estate in everyday use. It is important that licensees understand the mathematical concepts presented here in order to be competent in the practice of real estate. This Real Estate Math course utilizes interactive technology and audio in an appealing way to facilitate learning. Upon completion of this course, the student will be able to: • Name key terms used in real estate math problems. • Apply fractions, decimals and percentages. • Translate fractions into decimal and percentage forms. • Determine the area and volume of a given object or parcel. • Manipulate the principles involved in rate calculations. • Grasp the concept of amortization. • Comprehend the principles of prorating and how to apply them. • Understand and solve for appreciation and depreciation. • Identify and apply calculation formulas to determine value and profit. • Apply interest rates and loan discount rates. • Use equations to calculate interest.

Course Description

The objective of this course is to impress the meaning of real property ownership and the difference between real estate and personal property on the student. Although these terms are commonly used interchangeably in everyday conversation, there are different rights associated with these different commodities. It is important that licensees understand the differences between them and are able to explain the distinctions to their clients and customers. This module addresses the following topics:

• Personal and Real Property Ownership
• Land Description
• Controlling Development
• Real Estate Practice Lesson

In accordance with TREC rules, Sections 535.71 and 535.72D, this module will describe how different commodities—land, real estate, and real property – transfer and are related and to one another. In addition, the student will learn about land use theory and come to understand how our federal, state, municipal and private authorities govern and plan our communities. This module covers legal descriptions as well as informal descriptions, the development of these concepts and the role they play in the real estate industry.

This module’s final lesson presents real-world dilemmas and provides opportunities to apply the information covered in the rest of the course. As the student completes this module, he or she should try to develop a broad understanding of real property use and to place this understanding within the larger context of real estate practice as a whole. This final lesson aims to help the student achieve this goal using comprehensive content questions, practice examples and case studies.

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Learning Objectives

Upon completion of this module, the student will be able to:

• Describe the difference between land, real estate and real property.
• Recognize the difference between real property and personal property.
• State the definition of a fixture.
• Explain the general character of surface, subsurface and air rights, as well as littoral and riparian rights.
• Outline the basic features of the metes and bounds survey method and the rectangular survey method.
• Distinguish the vertical method of land description from other survey methods.
• Name the basic public and private methods employed to control the use and development of land.
• Outline the “highest and best use” theory of land use.

Course Description

The objective of this course is to teach the real estate professional how he or she can help clients in buying and selling property on a tax-favorable basis.

In accordance with TREC rules Sections 535.71 and 535.72D, the first two lessons of the course seek to provide a method of real estate purchase using pretax dollars and of growing the estate within a qualified product. We will discuss the application of current tax advantages of using both qualified and non-qualified tax products such as IRA’s, SEP IRA, 401k, Roth IRAs and charitable gift annuities. The use of these applications will provide the real estate professional with the opportunity to create a long standing and profitable relationship with his or her clients, as well as attracting a more sophisticated investor wishing to find an alternative to 1031 exchanges.

The final lessons of this module will explain the many important aspects of Internal Revenue Code Section 1031. The course will focus on the benefits of the 1031 exchange for the investor, licensed real estate agent/broker and other parties to the transaction. Upon completion of this course, the student will learn which properties qualify under Section 1031 and how to use the various types of 1031 exchanges to enhance the client’s position in the investment real estate market.

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Learning Objectives

Upon completion of this module the student will:

• Be able to identify motivated buying and selling clients.
• Know the attributes of qualified and non-qualified products and how they can be of benefit to the sales process.
• Be able to identify the restrictive rulings of the 1031 exchange program.
• Know how money can be accumulated using pre-tax dollars, accumulate interest on a tax-deferred basis, and create litigation protection.
• Know charitable strategies of creating income and tax relief for individuals or families owning highly-appreciated real estate.
• Know about Charitable Gift Annuities, and the annuity payments, income benefits and tax advantages associated with them.
• Know the parameters that the IRS uses to define a valid like kind exchange.
• Know the pros and cons of various exchanging alternatives.
• Know the mechanics of a successful tax-deferred exchange and the role of each party in those exchanges.
• Be familiar with exchange documentation and the role of a qualified intermediary.
• Understand what constitutes “boot” and how to deal with it.
• Know how to calculate whether a sale is to be preferred over an exchange.

Course Description:

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.

The course discusses the specific requirements for agents in making offers to clients, disclosures of information, and resolving any disputes that may arise in the course of real estate transactions. When agents fail to meet the required ethical standards or satisfy other legal requirements they are subject to disciplinary action. This course includes case studies, which help to explore the ethical situations that agents may face, and the potential consequences that may occur when agents fail to behave in accord with the ethical requirements that govern their business transactions.

TREC Ethics Outline

LESSON 1: Canons of Professional Ethics

• Lesson Topics
• Lesson Objectives
• The Five Canons
• TREC Complaints
• Association Complaints
• Case Study-Three-Year Expulsion
• Lesson Assessment

LESSON 2: Agency Relationships

• Lesson Topics
• Lesson Objectives
• Customer or Client?
• Fiduciary Duties
• Information about Brokerage Services
• Exclusive Listings
• Disclosure of Agency Representation
• Intermediary
• Subagency
• Conflicts of Interest
• Early Termination
• Lesson Assessment

LESSON 3: Offers

• Lesson Topics
• Lesson Objectives
• Statute of Frauds
• Timely Presentation of Offers
• Option Money
• Multiple Offers
• Seller’s Acceptance
• Effective Date
• Revocation of Offers
• Minimum Services
• Lesson Assessment

LESSON 4: Defect Disclosure

• Lesson Topics
• Lesson Objectives
• Property Defects
• Seller’s Disclosure Notice
• Relocation Company
• Previous Death
• Registered Sex Offenders
• Water Penetration
• Off-site Conditions
• Lesson Assessment

LESSON 5: Advertising

• Lesson Topics
• Lesson Objectives
• Truth in Advertising
• Use of Team Names
• Inducements
• Marketing Listed Properties
• Fair Housing Laws
• Misrepresentations in Advertising
• Internet Advertising
• Domain Names
• Social Networking as Advertising
• Removing a Listing from a Website
• Listing Services
• Lesson Assessment

LESSON 6: Dispute Resolution

• Lesson Topics
• Lesson Objectives
• Mediation
• Arbitration
• The Attorney Exemption
• Sharing Compensation
• Refusal to Share Compensation
• Lesson Assessment

LESSON 7: TREC Disciplinary Case Studies

• Lesson Topics
• Lesson Objectives
• The Missing Buyer Representative Facts
• Low Bidder Loses
• Mysterious Rental Fees
• Felony Offenses
• Lesson Assessment

Learning Objectives

• Describe the five canons of professional ethics
• Define scrupulously and meticulously
• Compare ethical behavior in a given real estate transaction to unethical behavior
• Analyze a case study
• Define fiduciary
• Explain the difference between a customer and a client
• State when agency disclosure should be made
• Define subagency
• Classify agency relationships as intermediary or non-intermediary
• Assess a situation for a conflict of interest and recommend a solution
• Interpret statute of frauds as applied in real estate transactions
• Interpret a situation as a multiple-offer situation
• Describe minimum services broker duties
• Define property defect
• Explain multiple disclosures
• Demonstrate an understanding of DTPA
• Describe advertising that meets legal requirements
• Give an example of a team name that meets TREC legal requirements
• Appraise an advertisement for compliance
• Recall the Internet advertising checklist
• Recall limits on team names
• Describe mediation
• Describe arbitration
• Formulate a plan for using formal or informal mediations to handle a client complaint
• Discuss the use of arbitration
• Interpret attorney exemption and sharing compensation
• Recall pertinent facts of cases
• Compare and contrast a case situation to similar events in a licensee’s brokerage
• Discuss TREC conclusions and how to avoid similar violations

Course Description:

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.

The course discusses the specific requirements for agents in making offers to clients, disclosures of information, and resolving any disputes that may arise in the course of real estate transactions. When agents fail to meet the required ethical standards or satisfy other legal requirements they are subject to disciplinary action. This course includes case studies, which help to explore the ethical situations that agents may face, and the potential consequences that may occur when agents fail to behave in accord with the ethical requirements that govern their business transactions.

Learning Objectives:

• Describe the five canons of professional ethics
• Define scrupulously and meticulously
• Compare ethical behavior in a given real estate transaction to unethical behavior
• Analyze a case study
• Define fiduciary
• Explain the difference between a customer and a client
• State when agency disclosure should be made
• Define subagency
• Classify agency relationships as intermediary or non-intermediary
• Assess a situation for a conflict of interest and recommend a solution
• Interpret statute of frauds as applied in real estate transactions
• Interpret a situation as a multiple-offer situation
• Describe minimum services broker duties
• Define property defect
• Explain multiple disclosures
• Demonstrate an understanding of DTPA
• Describe advertising that meets legal requirements
• Give an example of a team name that meets TREC legal requirements
• Appraise an advertisement for compliance
• Recall the Internet advertising checklist
• Recall limits on team names
• Describe mediation
• Describe arbitration
• Formulate a plan for using formal or informal mediations to handle a client complaint
• Discuss the use of arbitration
• Interpret attorney exemption and sharing compensation
• Recall pertinent facts of cases
• Compare and contrast a case situation to similar events in a licensee’s brokerage
• Discuss TREC conclusions and how to avoid similar violations

Course Description:

The purpose of this course is to communicate recent updates, changes, and addendums to laws, regulations, legal definitions, and forms as they apply to real estate practice in the state of Texas. Since judicial interpretation provides the effective enforcement of these changes, a section containing several case studies is included in the course in order to illustrate the law in action in contemporary practice.

Learning Objectives:

• Describe the new forms
• Compare new forms to older forms
• Describe a situation in which the form is used
• Recall recent legislative changes
• Explain the impact of the changes on real estate practice
• Assess a situation when applying a change and suggest a cure
• Describe each hot topic
• Interpret situations when a topic should be applied
• Describe a topic to a client
• Recall case studies
• Define property defect
• Explain multiple disclosures
• Demonstrate an understanding of DTPA
• Apply case law to brokerage situations

Course Description:

The purpose of this course is to communicate recent updates, changes, and addendums to laws, regulations, legal definitions, and forms as they apply to real estate practice in the state of Texas. Since judicial interpretation provides the effective enforcement of these changes, a section containing several case studies is included in the course in order to illustrate the law in action in contemporary practice.

LESSON ONE: Forms

• Lesson Topics
• Lesson Objectives
• Addendum for Reservation of Oil, Gas and Other Minerals (44-0)
• Short Sale Addendum (45-0)
• Notice of Buyer’s Termination of Contract (38-2)
• Residential Real Property Affidavit T-47
• Water District Notices
• Nguyen v. Woodley
• Rich v. Olah
• Sierra Associate Group, Inc. v. Bryan Hardemen, et al
• ERA Realty Group v. Advocates for Children and Families, Inc.
• Fawcett, Ltd. v. Idaho Northern & Pacific Railroad Company
• Lesson Assessment

LESSON TWO: Legislative Changes

• Lesson Topics
• Lesson Objectives
• Seller’s Disclosure (OP-H) - HB 3502
• Real Estate Recovery Fund
• Ad Valorem Protests
• Title Insurance
• Landlord / Tenant Relationships
• Homesteads
• Changes in Foreclosure Sales
• Mortgage Originators
• Limits on Condemnation
• Lis Pendens
• Property Owners Associations
• Texas Residential Construction Commission
• Lesson Assessment

LESSON THREE: Hot Topics

• Lesson Topics
• Lesson Objectives
• Earnest Money Disputes
• RESPA
• HUD-1, GFE
• Brokers and the Unauthorized Practice of Law
• Energy Audits
• Johnson v. Conner
• Busby v. JRHBW Realty, Inc.
• Lesson Assessment

LESSON FOUR: Case Studies

• Lesson Topics
• Lesson Objectives
• Prudential Partners v. Italian Cowboy
• Pleasant v. Bradford
• Whiteside Associates v. Ryan Equity
• Sutton v. Ebby Halliday
• Van Marcontell v. Jacoby
• Sellers v. Gomez
• Lesson Assessment
• Learning Objectives
• Describe the new forms
• Compare new forms to older forms
• Describe a situation in which the form is used
• Recall recent legislative changes
• Explain the impact of the changes on real estate practice
• Assess a situation when applying a change and suggest a cure
• Describe each hot topic
• Interpret situations when a topic should be applied
• Describe a topic to a client
• Recall case studies
• Define property defect
• Explain multiple disclosures
• Demonstrate an understanding of DTPA
• Apply case law to brokerage situations

4 hour TREC MCE - Using the Internet to Serve Clients

USING THE INTERNET TO SERVE CLIENTS COURSE DESCRIPTION: This course discusses Internet basics, the Internet’s effects on the real estate industry, ways to create effective websites, Internet marketing techniques, and email. The Internet presents an unprecedented opportunity for real estate professionals. Licensees and firms can create Web sites to advertise their services and their listings incorporating pictures of homes, tours, promotions, property information and MLS listings. It is very important that licensees include their Web site name in all advertising efforts; sites should incorporate direct-response marketing and should include effective branding techniques. Because many people begin their online search for a home with search engines, site operators need to optimize their sites. Site operators can create VOWs or integrate IDX on their Web sites to incorporate MLS searches. Web sites are designed primarily to generate contacts. In many cases Web site visitors first contact a real estate professional by email. Thus, it is crucial that real estate Web site owners master their email skills. This course offers specific advice on how to use email effectively and discusses spam and its implications for real estate professionals. Upon completion of this module, the student will: • Understand the effects of disintermediation on real-estate professionals • Be able to explain the issues that apply to Internet Data Exchange and Virtual Office Websites • Have increased knowledge about the basic components of and terms related to the Internet • Know how to generate contacts through the development of an effective website • Evaluate and be able to implement Internet marketing methods • Understand important guidelines for writing e-mails that will help generate effective dialogues

LIVE CLASSES - CLICK HERE

 The following information is provided by The Texas Real Estate Commission:

I want to renew and my license is currently . . .

• Active - go directly to 3 Steps to Renewing Your License below
• Inactive - go here
• Expired - go here

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Inactive Salesperson Licenses

A salesperson whose license is inactive who returns to active status, must complete MCE hours only if MCE hours had been required for the last renewal had the license been on active status. To return to active status, the licensee must complete the MCE hours during the two years prior to filing the reactivation form. To return to active status a salesperson must file a Salesperson Sponsorship Form through an active broker.

A salesperson on inactive status as of January 1, 2005 who wishes to return to active status, and who is not subject to annual education requirements, must take a three hour legal update course and a three hour legal ethics course created for and approved by TREC to satisfy the six legal hours of mandatory continuing education required by Occupations Code §1101.455 if the salesperson did not meet the previous MCE requirements prior to January 1, 2005.

A salesperson on inactive status as a result of filing late MCE pursuant to Section 535.92(f) of the Commission rules effective for renewals on or after June 30, 2008 must complete required MCE hours; pay the deferral fee of $200 AND the $250 penalty fee (total $450); and submit a Salesperson Sponsorship form and $20 fee.

Go on to the 3 Steps to Renewing Your License below.

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Expired Salesperson Licenses

• General MCE requirement for late renewal

  A late renewal applicant for a salesperson license, who is not subject to annual education requirements, must take a three hour legal update course and a three hour legal ethics course created for and approved by TREC to satisfy the six legal hours of mandatory continuing education required by Occupations Code §1101.455 if the applicant did not meet the previous MCE requirements prior to January 1, 2005.

   

• Expired LESS than 1 year

  A salesperson whose license has been expired less than 1 year who files an application to reinstate that license may renew the license without any lapse in licensure.

  For an ACTIVE renewal of a license that has been expired less than 1 year: If MCE requirements were met prior to the expiration date, the applicant must file a renewal form and pay the appropriate late renewal fee and submit a Salesperson Sponsorship Form-3.

  1. If the application to renew is filed not later than the 60th day after the expiration of the license and MCE requirements were not met prior to the license expiration date an applicant must pay the appropriate late renewal fee, a $200 deferral fee and complete the MCE within 60 days of the license expiration date. If MCE requirements are not completed within that time period, the renewed license will be made inactive. To reactivate the license the licensee must complete the required MCE, pay the $200 deferral fee if it has not been paid, pay a $250 late reporting fee, complete and submit a Salesperson Sponsorship Form-1, and pay the appropriate fee.
  2. If the application to renew is filed more than 60 days but less than 1 year after the license expired and MCE requirements are not met prior to the license expiration date, an applicant must pay the appropriate late renewal fee, a $200 deferral fee, a $250 late reporting fee, and complete the MCE. Salespersons must submit Salesperson Sponsorship Form-3.
  For an INACTIVE renewal of a license that has been expired less than 1 year: A licensee may file a late renewal application and renew a license on INACTIVE status without a lapse in INACTIVE licensure and without submitting MCE. A licensee cannot engage in real estate activity with an inactive license. If the licensee returns to active status and the previous application to renew was filed more than 60 days but less than 1 year after the license expired, the fees noted in item 2. above will be required.

   

• Expired MORE than 1 year

  A salesperson whose license has been expired not more than 2 years, who files an application to reinstate that license on active status, must complete the MCE hours within the two year period prior to filing the Application for Late Renewal of a Salesperson License. If the hours have not been completed when the late renewal is filed, the license will be renewed on an inactive status. To return to active status, see Inactive Salesperson Licenses (on this page, above).

   

• Expired 6 years or less

  A salesperson whose license has been expired more than 2 years but not more than 6 years, who files an application to reinstate that license on active status, must complete the MCE hours during the two year period prior to filing the Application for Late Renewal of a Salesperson License and must pass the licensing exam. If the MCE hours have not been completed when the exam is passed, the license will be renewed on an inactive status. To return to active status, see Inactive Salesperson Licenses (on this page, above).

  A licensee, whose license has been expired not more than 6 years, can file a Application for Late Renewal of a Salesperson License to reinstate that license on inactive status and no MCE is required. To return to active status, see Inactive Salesperson Licenses (on this page, above).

  Please Note: If a broker's license expires or is placed on inactive status, all salespeople sponsored by that broker will be placed on inactive status.

   

• Expired more than 6 years

  A salesperson whose license has been expired more than 6 years, must reapply for licensure. The applicant must meet salesperson application requirements (including education), file an original Application for Inactive Salesperson License and pass the salesperson licensing exam.

If not required to reapply (as determined above), go on to the 3 Steps to Renewing Your License below.

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3 Steps to Renewing Your License

1. Note the Renewal Filing Deadline

   This deadline date will be printed on your renewal notice, which is sent to the email address of record for both you and your sponsoring broker, approximately 90 days before your renewal filing deadline. If you are on an inactive status, the notice will only be sent to the salesperson.

    

2. Meet All Education Requirements

   SAE REQUIREMENTS

   To meet SAE requirements, evidence of successful course completion must be received by TREC prior to renewing online. You may use the SAE Cover Sheet to do this. If this documentation is not posted to the system and the renewal fee paid timely, the license will expire.

   Course completion certificates may be submitted by mail:

   Texas Real Estate Commission
   P.O. Box 12188
   Austin, TX 78711-2188

   or faxed to TREC's Education section at (512) 465-3989.

   Include your name and license number and allow 10 business days for processing. If you have not completed the required hours or if the completed hours have not been posted at TREC, you cannot renew online.
   Core course credit will not be awarded for the same core course taken more than once within 2 years of each other.

    

   • For Those Applying On or After January 1, 2006

     All active and inactive salespersons, who are under the Salesperson Annual Education (SAE) requirement, must show evidence of having completed a minimum of 60 hours in core or related real estate education during the first year of licensure, so that a total of 270 classroom hours have been completed by the end of the first year of licensure. At least 210 hours of the 270 must be in core real estate. Therefore the other 60 hours may be in related. Evidence of successful course completion must be posted to the TREC computer system prior to the online renewal process or the license will expire. Evidence of course completion cannot be submitted during the online renewal process. You may use the SAE Cover Sheet, and you must submit your hours at least 10 days prior to the date you wish to renew online. Course completion certificates may be mailed to the address above or faxed to TREC's Education Section at (512) 465-3989. Please allow 10 business days for processing.

      

   • For Those Who Applied Prior to January 1, 2006

     All active and inactive salespersons, who are under the Salesperson Annual Education (SAE) requirement, must show evidence of having completed a minimum of 30 hours in core or related real estate education each year or until a total of 270 classroom hours have been completed. At least 210 hours of the 270 must be in core real estate. Therefore the other 60 hours may be in related. Evidence of successful course completion must be posted to the TREC computer system prior to the online renewal process or the license will expire. Evidence of course completion cannot be submitted during the online renewal process. You may use the SAE Cover Sheet, and you must submit your hours at least 10 days prior to the date you wish to pay your renewal fee and renew online. Course completion certificates may be mailed to the address above or faxed to TREC's Education Section at (512) 465-3989. Please allow 10 business days for processing.

   MCE REQUIREMENTS

   All active salespersons not subject to Salesperson Annual Education (SAE) requirements are required to complete MCE for an active license renewal. The MCE requirement is 15 classroom (clock) hours of TREC approved MCE courses. At least six of the 15 hours must consist of a three hour legal updat course and a three hour legal ethics course created for and approved by TREC to satisfy the six legal hours of mandatory continuing education required by Occupations Code §1101.455. A licensee cannot obtain credit for a course that was not approved for MCE at the time the course was conducted. A course may not be repeated for credit during the same license period. Providers are allowed 10 days to submit proof of course taken.

   MCE course providers are responsible for notifying TREC when a licensee has completed an MCE course. However, if you are seeking MCE elective credit for the following types of courses, you must forward your documentation to TREC:

   • Core real estate course
   • Out of state continuing education course
   • A course approved by the State Bar of Texas for MCLE participatory credit
   A salesperson that completes a core real estate course to satisfy MCE requirements, must file the course completion certificate with TREC.

   Texas licensees who hold a license in another state and have completed continuing education to renew the out of state license may have those courses evaluated for MCE elective credit. An MCE Credit Request for an Out of State Course form and the course completion certificate, should be submitted to request such credit.

   Salespersons who complete real estate courses of at least 1 hour in length which are approved by the State Bar of Texas for MCLE participatory credit, can apply to TREC for elective credit for those courses. An MCE Credit Request for State Bar Courses form and the course completion documentation should be submitted to request such credit.

   TREC-approved MCE providers can be located through our Education Providers page.

   If the renewal fee is paid and a license is renewed in an active status the required MCE hours must be completed during the term of the license. If not, the licensee will be subject to a $200 deferral fee. If the fee is not paid and the hours not completed within 60 days of the expiration date of the license being renewed, the license will be placed on inactive status during which time a licensee must cease doing business. To return to active status a licensee must complete the required MCE hours; pay the deferral fee of $200 and a $250 penalty (total $450); as well as submit a Salesperson Sponsorship Form and $20 fee.

    

3. Submit Your Renewal Payment Online or download and complete the Renewal Form for Real Estate Salespersons and Brokers and submit the form by mail or in person (get mailing and street address here).

   You'll receive your License Renewal Notice approx. 90 days before the renewal filing deadline.

   Note: You must pay a renewal fee to renew your license.

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