| (I) Characteristics of a Successful Sales Agent - 150
minutes;
(J) Understanding Clients - 90 minutes;
(K) Negotiating and Selling Skills - 120 minutes;
(L) Steps to Executing Agreements - 50 minutes; and
(M) State and Federal Laws - 90 minutes;
(N) Ethics and Real Estate Professionalism - 150 minutes;
(3) Real Estate Math, which shall contain the following
topics, the units of which are outlined in the REMath-0, Qualifying
Real Estate Course Approval Form, Real Estate Math, hereby adopted
by reference:
(A) Introduction to Real Estate Math - 150 minutes;
(B) Review of Mathematical Logic Formulas - 150 minutes;
(C) List Price, Sales Price and Net Price - 50 minutes;
(D) Property Mathematics - 120 minutes;
(E) Appreciation & Depreciation - 60 minutes;
(F) Real Estate Taxes - 100 minutes;
(G) Mathematics of Real Estate Finance - 400 minutes;
(H) Appraisal Methods - 100 minutes;
(I) Closing Statements - 180 minutes;
(J) Investment Analysis - 90 minutes;
(K) Commercial Lease Calculations - 100 minutes;
(4) Real Estate Appraisal, which shall contain the
following topics, which collectively will consist of 1500 minutes
of coursework as outlined in the REA-0, Qualifying Real Estate Course
Approval Form, Real Estate Appraisal, hereby adopted by reference:
(A) Purpose and Function of an Appraisal;
(B) Role of The Appraisal Foundation/ASC/AQB;
(C) Social and Economic Determinants of Value;
(D) Appraisal Math and Statistics;
(E) Site Valuation;
(F) Cost Approach;
(G) Sales Comparison (Market Data) Approach;
(H) Income Capitalization Approach;
(I) Highest and Best Use;
(J) Final Correlations;
(K) Reporting;
(L) Opinion of Value vs. Broker Price Opinion;
(M) Appraisal Case Studies;
(5) Real Estate Investment, which shall contain the
following topics, which collectively will consist of 1500 minutes
of coursework as outlined in the REI-0, Qualifying Real Estate Course
Approval Form, Real Estate Investment, hereby adopted by reference:
(A) Purpose and Function of an Real Estate Investment;
(B) Real Estate Investment Characteristics;
(C) Residential, Land, and Commercial Investments;
(D) Ownership Interests in Real Property;
(E) Financing for Real Estate Investments;
(F) Managing the Investment Property;
(G) Techniques of Investment Analysis;
(H) The Time Value of Money;
(I) Discounted and Non discounted Investment Criteria;
(J) Leverage;
(K) Tax Characteristics and Strategies;
(L) Applications to Property Tax;
(M) The Transaction: Contract to Closing;
(6) Real Estate Law, which shall contain the following
topics, which collectively will consist of 1500 minutes of coursework
as outlined in the REL-0, Qualifying Real Estate Course Approval Form,
Real Estate Law, hereby adopted by reference:
(A) Legal concepts of Real Estate Law;
(B) Basic Contract Law;
(C) Promulgated Contracts;
(D) Land/Legal Descriptions;
(E) Real Property Rights;
(F) Restrictions and Land Use Control;
(G) Estates in Land;
(H) Conveyances - Voluntary & Involuntary;
(I) Easements, Encumbrances & Liens;
(J) Foreclosures;
(K) Recording Procedures;
(L) Evidence & Transfer of Title;
(M) Landlord & Tenant Relationships;
(7) Residential Inspection for Real Estate Agents,
which shall contain the following topics, which collectively will
consist of 1500 minutes of coursework as outlined in the RIREA-0,
Qualifying Real Estate Course Approval Form, Residential Inspection
for Real Estate Agents, hereby adopted by reference:
(A) Purpose and Function of a Residential Inspection;
(B) Standards of Practice: General Provisions and Departure;
(C) Standard Inspection Report Form;
(D) Inspector and Client Agreements;
(E) Tools and Procedures;
(F) Minimum Inspection Requirements for Structural,
Electrical, HVAC, and Plumbing Systems;
(G) Minimum Inspection Requirements for Appliances;
(H) Optional Systems;
(I) Repair-related Procedure and Forms;
(J) Effect of Local Requirements; or
(8) A 30 hour advanced course on any qualifying course
subject matter or a combination of several different qualifying course
subject matter topics as set out in subsections (a) and (b) of this
section.
(c) Course Approval forms. All forms adopted by this
section are available from the Texas Real Estate Commission, P.O.
Box 12188, Austin, Texas 78711-2188, www.trec.texas.gov.
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| Source Note: The provisions of this §535.64 adopted to be effective January 1, 2015, 39 TexReg 9669; amended to be effective January 1, 2016, 40 TexReg 8226; amended to be effective May 23, 2016, 41 TexReg 3695; amended to be effective September 7, 2016, 41 TexReg 6738; amended to be effective March 6, 2017, 42 TexReg 1028; amended to be effective May 24, 2017, 42 TexReg 2725; amended to be effective August 28, 2017, 42 TexReg 4306 |
