(a)Education requirements for an initial sales
agent [salesperson] license. An applicant for an
initial sales agent [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 sales
agent [salesperson] must complete an additional 90
classroom hours in qualifying courses by the expiration date of the
sales agent's [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 sales agent [salesperson]
license if the applicant:
(1)was licensed either as a Texas real estate broker
or as a Texas real estate sales agent [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 the number
of [15] 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 [salesperson] license upon satisfaction
of subsection (a) of this section. An inactive sales agent [
salesperson] may not practice as a licensed sales agent [
salesperson] until sponsored by an active Texas licensed broker.
The agency certifies that legal counsel has reviewed
the proposal and found it to be within the state agency's legal authority
to adopt.
Filed with the Office
of the Secretary of State on May 3, 2016
TRD-201602105 Kerri Lewis
General Counsel
Texas Real Estate Commission
Earliest possible date of adoption: June 19, 2016
For further information, please call: (512) 936-3092
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