(a)(No change.)
(b)Elective qualifying courses. To be approved by
the Commission, the following elective qualifying courses must contain
the content outlined below:
(1)Property Management, which shall contain the following
topics, the units of which are outlined in the PROPM-0, Qualifying
Real Estate Course Approval Form, Property Management, hereby adopted
by reference:
(A)Professional Property Management - 120 minutes;
(B)Feasibility of Property Management - 90 minutes
(C)Marketing Plan - 60 minutes;
(D)Management Operations - 130 minutes;
(E)Owner Relations - 120 minutes;
(F)Market Analysis and Management of Housing - 95
minutes;
(G)Leases - 100 minutes;
(H)Tenant Relations - 115 minutes;
(I)Federal, State and Local Laws - 230 minutes;
(J)Maintenance and Construction - 90 minutes;
(K)Commercial Property Management - 150 minutes;
(L)Risk and Environmental Issues - 110 minutes; and
(M)Safety and Security Issues for Property Managers
and Staff - 90 minutes;
(2)Real Estate Marketing, which shall contain the
following topics, the units of which are outlined in the REM-0, Qualifying
Real Estate Course Approval Form, Real Estate Marketing, hereby adopted
by reference:
(A)Real Estate Marketing - 80 minutes;
(B)The Marketing Concept - 80 minutes
(C)Marketing Research and Data Analysis - 150 minutes;
(D)Prospecting and Target Marketing - 80 minutes;
(E)Technology and Online Marketing - 100 minutes;
(F)Social Media Marketing - 120 minutes;
(G)Product and Pricing Strategies -180 minutes;
(H)Compensation Models - 60 minutes;
(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)[(3)] other than Property
Management, [and] Real Estate Marketing, and Real
Estate Math meet the requirements of §1101.003 of the Act;
or
(5)[(4)] Residential Inspection
for Real Estate Agents (or equivalent), which shall include but is
not limited to:
(A)repair-related contract forms and addenda;
(B)inspector and client agreements;
(C)inspection standards of practice and standard inspection
report form;
(D)tools and procedures;
(E)electromechanical systems (plumbing, heating, air
conditioning, appliances, energy-saving considerations); and
(F)structures (lot and landscape, roofs, chimney,
gutters, paved areas, walls, windows and doors, insect damage and
storage areas).
(c) - (d) (No change.)
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 November 18, 2016
TRD-201605942 Kerri Lewis
General Counsel
Texas Real Estate Commission
Earliest possible date of adoption: January 1, 2017
For further information, please call: (512) 936-3092
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