The Texas Real Estate Commission adopts amendments to §535.62, concerning Acceptable Courses of Study; and §535.64, concerning Obtaining Approval to Offer a Course, without changes to the proposed text as published in the March 21, 2014, issue of the Texas Register (39 TexReg 2029).

The amendment to §535.62 adds Real Estate Finance as new subsection (f), which is a 30 hour core course with specific topics, subtopics, and units, with mandated time periods in which instructors must teach each topic or subtopic. The addition of subsection (f) requires the re-lettering of the remaining subsections in the rule.

The amendment to §535.64 adds a new subsection (h)(5) to adopt by reference a form to be used by schools in requesting approval to offer the new Real Estate Finance course.

The reasoned justification for the amendments is to have an improved Real Estate Finance core course curriculum and better educated applicants resulting in improved protection for consumers of real estate services.

No comments were received on the proposed amendments.

The amendments are adopted under Texas Occupations Code, §1101.151, which authorizes the Texas Real Estate Commission to adopt and enforce rules necessary to administer Chapters 1101 and 1102; and to establish standards of conduct and ethics for its licensees to fulfill the purposes of Chapters 1101 and 1102 and ensure compliance with those chapters.

The statute affected by these amendments is Texas Occupations Code, Chapter 1101. No other statute, code or article is affected by the amendments.