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(a)Education requirements for an initial sales agent
license. An applicant for an initial sales agent license must provide
the Commission with satisfactory evidence of completion of 180 hours
of qualifying real estate courses as required under the Act as follows:
(1)60 hours of Principles of Real Estate;
(2)30 hours of Law of Agency;
(3)30 hours of Law of Contracts;
(4)30 hours of Promulgated Contracts Forms; and
(5)30 hours of Real Estate Finance.
(b)Additional education requirements. A sales agent
must complete an additional 90 classroom hours in qualifying courses
by the expiration date of the sales agent's initial licensing period
and report those hours in accordance with the requirements of §535.91
of this title.
(c)The Commission may waive the education required
for a real estate sales agent license if the applicant:
(1)was licensed either as a Texas real estate broker
or as a Texas real estate sales agent within two years before the
filing of the application; and
(2)completed any qualifying real estate courses or
real estate related courses that would have been required for a timely
renewal of the prior license, or, if the renewal of the prior license
was not subject to the completion of qualifying real estate courses
or real estate related courses, completed at least the number of hours
of continuing education courses required by §535.92(a) of this
title within the two-year period before filing an application for
an active license.
(d)The Commission will issue an applicant an inactive
sales agent license upon satisfaction of subsection (a) of this section
and subsection (c) of §535.57. An inactive sales agent may not
practice as a licensed sales agent until sponsored by an active Texas
licensed broker.
The agency
certifies that legal counsel has reviewed
the adoption and found it to be a valid exercise of the agency's legal
authority.
Filed with the Office
of the Secretary of State on November 19, 2018
TRD-201804976 Kerri Lewis
General Counsel
Texas Real Estate Commission
Effective date: December 9, 2018
Proposal publication date: August 31, 2018
For further information, please call: (512) 936-3092
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