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Big Changes for Broker Applicants
New rules effective in January 1, 2012 are good news for consumers.
December 22, 2011
- As of January 1, 2012 an applicant for a broker license have to have four years of “active experience” to apply for a license.
- A point system will be used to quantify active experience in real estate transactions.
- Broker applicants will be required to document that they have obtained at least 3,600 (thirty six hundred) points of active experience with evidence of specific transactions and a verification statement from the applicant’s sponsoring broker at the time the experience was earned .
- As a result of these rule changes, consumers in the state of Texas can be more confident when working with real estate brokers in the future.
- These new requirements will ensure that real estate brokers will have the broad based knowledge that comes from transactional experience.”
- The 82nd Session of the Texas Legislature the TREC housekeeping bill amended The Real Estate License Act (the Act) to provide additional education, experience and accountability standards for TREC licensees, as well as several clean-up provisions.
Education Improvement Measures
- Prelicense education requirements for a salesperson license changed from 210 (two hundred ten) total to 180 (one hundred eighty) core hours .
- The total number of hours needed for the first renewal of a salesperson license remains at 270 (two hundred and seventy) hours.
- Related education requirements are no longer required but the education requirements for the 1st renewal of a salesperson license increased from 60 (sixty) to 90 (ninety) core hours.(SAE)
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