2. The Real Estate License Act
Real Estate Licenses
› Terminology
› When is a License Required?
› When is a License Not Required?
The Sunset Act
3. Texas Real Estate Commission, part I
Commission Membership
› Recovery Funds
› Administrative Support to TALCB
Organizational Structure of TREC
› Administration & Management Services Division
› Education & Licensing Services Division
› TREC Standards & Enforcement Services Division
› Reception & Communication Services Division
› Staff & Support Services Division
› Information & Technology Services Division
› TALCB Standards & Enforcement Services Division
4. Texas Real Estate Commission, part II
Commission’s Powers and Duties
› Create and Enforce Regulations
› Charge and Collect Fees
› Fund the Real Estate Research Center
› Promulgate Contract Forms
› Advisory Committees
5. Types of Licenses
Initial Inactive Salesperson License
Salesperson License
Broker License
› Business Entity Broker License
Probationary License
Inactive License Status
› Inactive Salesperson Status
› Inactive Broker Status
6. General Requirements—
Texas Real Estate License
› Background Check
› Submit the Application
Applying to Become a Real
Estate Salesperson
› Apply for the Inactive
Salesperson License
› Submit Required Fingerprints
for Background Check
› Take and Pass the Real Estate
Examination
› Obtain Broker Sponsorship
Applying for a Texas Real
Estate Broker License
› Satisfy Experience
Requirements
› Complete Education
Requirements
› Apply for the Broker License
› Take and Pass the Real Estate
Examination
Out-of-State Applicants
Online Licensing
Transactions
Steps in Getting a Texas Real Estate Licenses
7. Real Estate License Examination
Registering for the Examination
Description of the Examinations
› Salesperson Examination
› Broker Examination
Content Outline of the Examination
› National Portion
› State Portion
Reporting the Scores
8. Renewing a Real Estate License
SAE Requirement
Salesperson Mandatory Continuing Education
Broker Mandatory Continuing Education
TREC Approved Schools and Courses of Study
Proprietary School Approval
MCE Provider Approval
Instructor Approval
Course Approval
9. Violations of Subchapter N of The Real Estate License
Act
Subchapter N
› 1101.651 - Prohibited Practices Commissions
› 1101.652 (a) - Grounds for Suspension or Revocation of License
› 1101.652 (b) - Grounds for Suspension or Revocation of License While
Acting as a Broker or Salesperson
› 1101.653 - Grounds for Suspension or Revocation of a Certificate of
Registration
› 1101.654 - Unauthorized Practice of Law
10. Enforcing The Real Estate License Act
Complaints
› Informal Hearing
› Temporary Suspension
› Investigation
› Notice of Alleged Violation
› Formal Hearings
Types of Discipline
› Advisory Letter
› Formal Reprimand
› Suspension, Revocation, and Surrender
› Probated Suspension
11. Administrative Penalties
Real Estate Recovery Trust Account
Real Estate Recovery Trust Account Notice
Claim for Payment
Payment Amounts
Suspend or Revoke a License
Other Penalties and Enforcement Provisions
Other Entities Licensed or Certified by TREC
Real Estate Inspectors
Right-of-Way Agent
Residential Service Company
Timeshare Developments
