I am most excited to share a recent personal, albeit business goal accomplishment. I am now a Texas Real Estate Broker. My license arrived yesterday evidencing the sign of the times, via email. Several years ago my Salesperson license came via mail and it was very exciting to receive a hard copy. The delivery of my Texas Real Estate Broker license was not the most ideal but definitely had the same effect. Yesterday culminated my achievement to pursue a higher licensing standard in real estate in the State of Texas of course. My next goal is to attain the prestigious CCIM (Certified Commercial Investment Management) designation by Spring 2011. What does it really means to be a Broker or Broker Associate in Texas? Real estate is an ever-changing industry, from real estate law to the implementation of technology. The need for more educated real estate practitioners is essential to provide consumers with the best possible representation. After all, real estate is perhaps the largest monetary investment most people make in their lives.
The Texas Real Estate Commission (www.trec.state.tx.us) is the state's regulatory agency for the following:
- Real Estate Brokers and Salespersons
- Real Estate Inspectors
- Education Providers for Real Estate and Inspection Courses
- Residential Service Companies
- Timeshare Developers
- Easement Or Right-of-Way (ERW) agents
The Texas Real Estate Commission exists to protect consumers in Texas. The Commission's is there to ensure that real estate service providers are honest, trustworthy and competent. TREC requires that all Texas real estate brokers and salespersons meet and maintain specified levels of education to hold a license to act as a real estate agent.
The Salesperson
A person holding a Salesperson license in Texas has met the state requirements for becoming a real estate agent. The Texas Real Estate Commission requires the Salesperson to have the equivalent of 210 classroom hours (seven 30-hour classes) before you are able to apply for a Texas real estate license and sit for the salesperson exam. The individual must arrange for a Texas real estate Broker holding an active license to sponsor them as a Salesperson before they can practice as a licensed Salesperson. Applicants and inactive Salespersons are not authorized to act as real estate agents in Texas. Additional Salesperson Annual Education (SAE), Mandatory Continuing Education (MCE) and related coursework is required to maintain active status.
The Broker
The Texas real estate Broker's license is the highest licensing status issued by the commission. An individual or company who holds a broker license in Texas has fulfilled the additional requirements to practice as a Broker (of Record) or Broker Associate. In order to apply for your Broker license, you must have had your Salesperson license Active for 2 years in Texas or in any other state in the United States. TREC requires you to have the equivalent of 270 classroom hours (seven 30-hour classes & Brokerage Course) + an additional 630 classroom hours in related courses acceptable to the Commission (can use college degree towards credits if approved by TREC) before you are able to apply for a Texas Real Estate Broker license and sit for the Broker exam. A Broker Associate hangs their license under another Broker also known as the Broker of Record who owns, manages or operates their own brokerage. Additional MCE and related coursework is required to maintain active status.
Broker vs Salesperson
Both Salesperson and Broker must abide by the Texas Real Estate License Act also known as TRELA. TRELA establishes the ethical and practical limitations and licensing requirements. We must also abide by the Realtor Code of Ethics which establish the standards of practice. Individuals who attain a Broker license demonstrate the true entrepreneurial spirit of this industry. They demonstrate proficiency in real estate and pursue a higher level of business practice by committing to the higher licensing status. Most Brokers have more post-secondary education in specific courses as well as business savvy in running their real estate business. Brokers are committed to real estate full-time as opposed to some Salespersons who take up real estate as a part-time job or hobby. Regardless, Buyers and Sellers should be aware of the difference in levels of qualification and experience for each real estate license.
What is a REALTOR?
A REALTOR is a member of the National Association of Realtors (NAR) in the United States. A Realtor can be a Salesperson or a Broker but MUST be a member of NAR. Real estate agents who are not members of NAR and cannot use the term "Realtor" because it is a trademark of NAR. According to NAR, The terms REALTOR, REALTORS, and REALTOR-ASSOCIATE, as well as the REALTOR block "R" logo, are all federally registered collective membership marks owned by the National Association of Realtors.
Let me show you the way...
I understand that finding your new home is just one of the tasks that face you when you're purchasing a new house. I can assist you in the home buying process which includes offer negotiations, assisting in the inspection and negotiations process after inspections. Beat other home buyers to newly listed homes for sale in Houston with complimentary New Listings Notifications. You'll receive updates via email to the properties that match your Houston Real Estate search criteria. Considering selling down the road? Learn the market value of your home with no obligation. An estimate of your home's value will be sent to you by email. Receive a Complimentary Home Market Analysis via email with properties that have sold in the last six months around you.
Sincerely,
Diego E. Jaramillo
Broker Associate, ABR, e-Pro
Keller Williams Houston Metropolitan
Cell: 832-282-2069
Online at www.HoustonHeritage.com
Facebook Fanpage: www.DiegoJaramillo.com
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Original Blog Posting 6/3/10 at www.houstonheritage.com/blogs
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