NEW YEAR, NEW RULES FOR BROKER APPLICANTS
When I obtained my broker license years ago, I didn't have to show any documentation of being a full time salesperson. Thank goodness that the rules have changed!
As of Jan. 1, applicants for a broker license must have four years of active experience as a licensed salesperson, up from the previous two-year requirement.
Under this new rule, which was adopted last fall by the Texas Real Estate Commission (TREC), an applicant must document experience in each of four years out of the five-year period immediately before the application is filed, or be able to satisfy these requirements by the end of one year after the application is filed.
While an applicant has up to a year after filing an application to meet all education and experience requirements, an applicant cannot take the broker examination until all education and experience requirements have been met.
“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," said TREC Administrator Douglas Oldmixon.
"These new requirements will ensure that real estate brokers will have the broad based knowledge that comes from transactional experience.”
View the TREC press release here.
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