SlideShare a Scribd company logo
The Real Estate License Act
 Real Estate Licenses
› Terminology
› When is a License Required?
› When is a License Not Required?
 The Sunset Act
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
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
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
 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
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
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
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
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
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

More Related Content

More from Eric Sharkey

Tx law-18 - unit 14
Tx law-18 - unit 14Tx law-18 - unit 14
Tx law-18 - unit 14
Eric Sharkey
 
Tx law-18 - unit 13
Tx law-18 - unit 13Tx law-18 - unit 13
Tx law-18 - unit 13
Eric Sharkey
 
Tx law-18 - unit 12
Tx law-18 - unit 12Tx law-18 - unit 12
Tx law-18 - unit 12
Eric Sharkey
 
Tx law-18 - unit 11
Tx law-18 - unit 11Tx law-18 - unit 11
Tx law-18 - unit 11
Eric Sharkey
 
Tx law-18 - unit 10
Tx law-18 - unit 10Tx law-18 - unit 10
Tx law-18 - unit 10
Eric Sharkey
 
Tx law-18 - unit 9
Tx law-18 - unit 9Tx law-18 - unit 9
Tx law-18 - unit 9
Eric Sharkey
 
Tx law-18 - unit 8
Tx law-18 - unit 8Tx law-18 - unit 8
Tx law-18 - unit 8
Eric Sharkey
 
Tx law-18 - unit 7
Tx law-18 - unit 7Tx law-18 - unit 7
Tx law-18 - unit 7
Eric Sharkey
 
Tx law-18 - unit 6
Tx law-18 - unit 6Tx law-18 - unit 6
Tx law-18 - unit 6
Eric Sharkey
 
Tx law-18 - unit 5
Tx law-18 - unit 5Tx law-18 - unit 5
Tx law-18 - unit 5
Eric Sharkey
 
Tx law-18 - unit 4
Tx law-18 - unit 4Tx law-18 - unit 4
Tx law-18 - unit 4
Eric Sharkey
 
Tx law-18 - unit 3
Tx law-18 - unit 3Tx law-18 - unit 3
Tx law-18 - unit 3
Eric Sharkey
 
Tx law-18 - unit 1
Tx law-18 - unit 1Tx law-18 - unit 1
Tx law-18 - unit 1
Eric Sharkey
 
Safe 7 hr-ce-18 module 7
Safe   7 hr-ce-18 module 7Safe   7 hr-ce-18 module 7
Safe 7 hr-ce-18 module 7
Eric Sharkey
 
Safe 7 hr-ce-18 module 6
Safe   7 hr-ce-18 module 6Safe   7 hr-ce-18 module 6
Safe 7 hr-ce-18 module 6
Eric Sharkey
 
Safe 7 hr-ce-18 module 5
Safe   7 hr-ce-18 module 5Safe   7 hr-ce-18 module 5
Safe 7 hr-ce-18 module 5
Eric Sharkey
 
Safe 7 hr-ce-18 module 4
Safe   7 hr-ce-18 module 4Safe   7 hr-ce-18 module 4
Safe 7 hr-ce-18 module 4
Eric Sharkey
 
Safe 7 hr-ce-18 module 3
Safe   7 hr-ce-18 module 3Safe   7 hr-ce-18 module 3
Safe 7 hr-ce-18 module 3
Eric Sharkey
 
Safe 7 hr-ce-18 module 2
Safe   7 hr-ce-18 module 2Safe   7 hr-ce-18 module 2
Safe 7 hr-ce-18 module 2
Eric Sharkey
 
Safe 7 hr-ce-18 module 1
Safe   7 hr-ce-18 module 1Safe   7 hr-ce-18 module 1
Safe 7 hr-ce-18 module 1
Eric Sharkey
 

More from Eric Sharkey (20)

Tx law-18 - unit 14
Tx law-18 - unit 14Tx law-18 - unit 14
Tx law-18 - unit 14
 
Tx law-18 - unit 13
Tx law-18 - unit 13Tx law-18 - unit 13
Tx law-18 - unit 13
 
Tx law-18 - unit 12
Tx law-18 - unit 12Tx law-18 - unit 12
Tx law-18 - unit 12
 
Tx law-18 - unit 11
Tx law-18 - unit 11Tx law-18 - unit 11
Tx law-18 - unit 11
 
Tx law-18 - unit 10
Tx law-18 - unit 10Tx law-18 - unit 10
Tx law-18 - unit 10
 
Tx law-18 - unit 9
Tx law-18 - unit 9Tx law-18 - unit 9
Tx law-18 - unit 9
 
Tx law-18 - unit 8
Tx law-18 - unit 8Tx law-18 - unit 8
Tx law-18 - unit 8
 
Tx law-18 - unit 7
Tx law-18 - unit 7Tx law-18 - unit 7
Tx law-18 - unit 7
 
Tx law-18 - unit 6
Tx law-18 - unit 6Tx law-18 - unit 6
Tx law-18 - unit 6
 
Tx law-18 - unit 5
Tx law-18 - unit 5Tx law-18 - unit 5
Tx law-18 - unit 5
 
Tx law-18 - unit 4
Tx law-18 - unit 4Tx law-18 - unit 4
Tx law-18 - unit 4
 
Tx law-18 - unit 3
Tx law-18 - unit 3Tx law-18 - unit 3
Tx law-18 - unit 3
 
Tx law-18 - unit 1
Tx law-18 - unit 1Tx law-18 - unit 1
Tx law-18 - unit 1
 
Safe 7 hr-ce-18 module 7
Safe   7 hr-ce-18 module 7Safe   7 hr-ce-18 module 7
Safe 7 hr-ce-18 module 7
 
Safe 7 hr-ce-18 module 6
Safe   7 hr-ce-18 module 6Safe   7 hr-ce-18 module 6
Safe 7 hr-ce-18 module 6
 
Safe 7 hr-ce-18 module 5
Safe   7 hr-ce-18 module 5Safe   7 hr-ce-18 module 5
Safe 7 hr-ce-18 module 5
 
Safe 7 hr-ce-18 module 4
Safe   7 hr-ce-18 module 4Safe   7 hr-ce-18 module 4
Safe 7 hr-ce-18 module 4
 
Safe 7 hr-ce-18 module 3
Safe   7 hr-ce-18 module 3Safe   7 hr-ce-18 module 3
Safe 7 hr-ce-18 module 3
 
Safe 7 hr-ce-18 module 2
Safe   7 hr-ce-18 module 2Safe   7 hr-ce-18 module 2
Safe 7 hr-ce-18 module 2
 
Safe 7 hr-ce-18 module 1
Safe   7 hr-ce-18 module 1Safe   7 hr-ce-18 module 1
Safe 7 hr-ce-18 module 1
 

Recently uploaded

How to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and WarmHow to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and Warm
Vinra Construction
 
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
JagadishKR1
 
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Volition Properties
 
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG
 
SVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property BroadcastSVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property Broadcast
SVN International Corp.
 
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Joseph Lewis Aguirre
 
Torun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing TurkeyTorun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing Turkey
Listing Turkey
 
Riverview City Loni Kalbhor Pune Brochure
Riverview City Loni Kalbhor Pune BrochureRiverview City Loni Kalbhor Pune Brochure
Riverview City Loni Kalbhor Pune Brochure
kishor21012022
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
VickyAulakh1
 
Biography and career about Lixin Azarmehr
Biography and career about Lixin AzarmehrBiography and career about Lixin Azarmehr
Biography and career about Lixin Azarmehr
Lixin Azarmehr
 
Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive GuideOmaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive Guide
omaxesportscitydwark
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
JagadishKR1
 
MC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhangMC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhang
laraibfatim009
 
Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
Listing Turkey
 
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
aashiyanastardevelop
 
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Newman George Leech
 
Optimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better ResultsOptimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better Results
Lead Generation Media
 
Avrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing TurkeyAvrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing Turkey
Listing Turkey
 
Green Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdfGreen Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdf
ticktoktips
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
susantebinum
 

Recently uploaded (20)

How to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and WarmHow to keep your Home naturally Cool and Warm
How to keep your Home naturally Cool and Warm
 
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
 
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...
 
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction Update
 
SVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property BroadcastSVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property Broadcast
 
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
 
Torun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing TurkeyTorun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing Turkey
 
Riverview City Loni Kalbhor Pune Brochure
Riverview City Loni Kalbhor Pune BrochureRiverview City Loni Kalbhor Pune Brochure
Riverview City Loni Kalbhor Pune Brochure
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
 
Biography and career about Lixin Azarmehr
Biography and career about Lixin AzarmehrBiography and career about Lixin Azarmehr
Biography and career about Lixin Azarmehr
 
Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive GuideOmaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive Guide
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
 
MC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhangMC Heights-Best Construction Company in jhang
MC Heights-Best Construction Company in jhang
 
Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
 
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
2BHK-3BHK NEW FLAT FOR SALE IN TUPUDANA,RANCHI.
 
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
 
Optimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better ResultsOptimizing Your MCA Lead Capture Process for Better Results
Optimizing Your MCA Lead Capture Process for Better Results
 
Avrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing TurkeyAvrupa Konutlari Yenimahalle - Listing Turkey
Avrupa Konutlari Yenimahalle - Listing Turkey
 
Green Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdfGreen Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdf
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
 

Tx law-17 - unit 2

  • 1.
  • 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