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(a)Education requirements for an initial salesperson
license. An applicant for an initial salesperson 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 salesperson
must complete an additional 90 classroom hours in qualifying courses
by the expiration date of the salesperson'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 salesperson license if the applicant:
(1)was licensed either as a Texas real estate broker
or as a Texas real estate salesperson 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 15 hours of courses
within the two-year period before filing an application for an active
license.
(d)The Commission will issue an applicant an inactive
salesperson license upon satisfaction of subsection (a) of this section.
An inactive salesperson may not practice as a licensed salesperson
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 24, 2014
TRD-201405636 Kerri Lewis
General Counsel
Texas Real Estate Commission
Effective date: January 1, 2015
Proposal publication date: September 5, 2014
For further information, please call: (512) 936-3092
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