3 actions you must take to get your Texas broker’s license
06/16/2016 | Author: Editorial Staff
Maybe you’ve been a sales agent for quite some time, or you’re new to the business and eventually want to start your own brokerage. Whatever the case, there are some requirements you must meet before being eligible for a Texas broker’s license. Here are a few steps you must take before applying.
You need some active experience. The Texas Real Estate Commission requires that you have at least four years of active experience in Texas as a real estate license holder during the 60-month period prior to filing an application.
You need 3,600 points. Your active experience as a real estate license holder must come through specific types of real estate activities, which are worth a certain number of points. For example, you earn 300 points for each closed purchase or sale of a property. You’ll see what qualifies for points and provide information on your activities to TREC with the Supplement A-Qualifying Experience Report for a Broker License. Only experience from the five years prior to the date you submit your application can be used for the form, and you’ll need to show documentation that supports the experience you include, such as listing agreements and contracts.
You need hundreds of hours of qualifying real estate courses. TREC requires 270 classroom hours of certain qualifying real estate courses, including Law of Agency, Law of Contracts, and Real Estate Brokerage. In addition, you’ll need to take 630 classroom hours in related courses acceptable to TREC. A bachelor’s degree or higher from an accredited college or university will satisfy these additional requirements.
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