Texas Real Estate Broker Standards to Rise

By
Real Estate Agent with RE/MAX Dallas Suburbs TX Broker 0513551

Texas Real Estate Commission Seal

While Texas already has some of the highest standards for a Real Estate Broker License, it’s about to become a bit more difficult. Senate Bill 747, also known as the Texas Real Estate Commission (TREC) Housekeeping Bill, passed and was signed into law. One of the major changes affects those people seeking a Real Estate Broker License.

Currently a person seeking a broker license must complete 900 hours of education, have two years of experience as a real estate salesperson, and achieve a passing score on the broker examination.

Effective January 1 2012, Texas will raise the experience requirement to 4 years. It goes one step further. “The commission by rule shall establish what constitutes active experience for the purposes of this section…” Basically, TREC can establish rules that outline what can be counted towards “active” experience.

TREC has formed a working group of brokers, lawyers, and members of the public to create those rules and related forms.

If you’ve been thinking about getting your Texas Broker License, now may be the best time as the old rules remain in-place until the end of 2011.

Tom Branch, Broker, CDPE, SFR

Source: http://www.thebranchteam.com/wordpress/2011/07/05/texas-real-estate-broker-standards-to-rise/

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Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

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Ambassador
2,802,516
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Tom - I don't know much about real estate practice in Texas, but I think the whole profession could use an upgrade in standards. In CO, it takes 140 hours of training to get a sales license, most of those hours concentrating on how to pass the test. The results are what you would expect. But it takes 1800 hours here to cut hair. Go figure.

Jul 05, 2011 01:57 PM #1
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Larry Story
Total Care Realty - Greensboro, NC
Total Care Realty, LLC, Greensboro, NC Real Estate

Tom,

I wish NC would adopt some stronger values.  It would make my job easer and maybe weed out some of these parttime agents.  

Jul 05, 2011 03:20 PM #2
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Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

I like the new "active" years in consideration. It's about time. I think it should somehow be tied to number of closed transactions? Still no clear determination but better than not having any experience at all, I guess.

Jul 05, 2011 03:45 PM #3
Rainmaker
288,656
Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

I'm glad to see the bar raised. The standards for getting a salesperson's license ought to be more stringent as well.

Jul 05, 2011 03:52 PM #4
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Tom Branch
RE/MAX Dallas Suburbs - Plano, TX
Broker, CDPE, SFR, ACRE, Plano TX Ambassador

Loreena,

It's going to be a point system where you get some many points for different activities.

Tom

Jul 05, 2011 03:53 PM #5
Rainmaker
497,080
Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

I like the standards being raised.  I think a certain number of transactions should come into play as well as time.

Jul 05, 2011 04:35 PM #6
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Tom Branch
RE/MAX Dallas Suburbs - Plano, TX
Broker, CDPE, SFR, ACRE, Plano TX Ambassador

Ricki,

I've been part of the TREC Working Group for three years. That's where we are headed.

Tom

Jul 05, 2011 04:42 PM #7
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Bryan Robertson
Los Altos, CA

Gotta say, I'm lovin' Texas real estate laws.  It would be great if we could get laws like this in California.  Unfortunately, the state seems to think keeping a low barrier of entry is good for business.

Jul 05, 2011 05:48 PM #8
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Brenda Mullen
RE/MAX Access - Schertz, TX
Your San Antonio TX Real Estate Agent!!

I was actually thinking of at least starting the process of getting my broker's license...meaning taking the requisite classes.  I was a bit confused as I read it, it looks like Realtors must have 6 years of experience of being an Active Licensee. 

I already posses an Bachelors in Business and a Master's Certificate in Education so I don't think that it should be too hard to meet the educational requirements.  I feel I need more "experience" yet to be an actual broker though, but I would like to at least start the process.

Jul 11, 2011 06:44 AM #9
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Tom Branch
RE/MAX Dallas Suburbs - Plano, TX
Broker, CDPE, SFR, ACRE, Plano TX Ambassador

Brenda,

Currently a salesperson requires two years of active experience to apply for a broker lisense. Under the new rules, a salesperson will require 4 years of active experience. There will be a point system to determine if a salesperson has done enough transactions or other real estate related work to qualifiy.

If you have a BS, TREC will usually give you credit for much of the required coursework.

Tom

Jul 11, 2011 12:29 PM #10
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Brenda Mullen
RE/MAX Access - Schertz, TX
Your San Antonio TX Real Estate Agent!!

Thanks Tom.  I need way more experience, but I will start the gathering the "educational" requirements now, such as the brokers course.  I just don't want to be ready and then have to start from scratch kind of thing :)!  Thank you for replying :)!

Jul 12, 2011 08:02 AM #11
Rainmaker
305,778
Karen Otto
Home Star Staging - Plano, TX
Plano Home Staging, Dallas Home Staging, www.homes

Raising the standards for any profession is a welcome sign Tom!

Jul 13, 2011 03:23 AM #12
Rainmaker
604,742
Tracy Lee Parker
RE/MAX Dallas Suburbs/PLATINUM PROPERTIES & MANAGEMENT - Royse City, TX
Buy*Sell*Lease

Tom,

I am so glad to see this happening for our state! I have a broker friend who is moving here from another state , I will send her this information. Thank you so much for posting it. Anxious to see how that point system works. We rainers like points!

Jul 14, 2011 01:00 PM #13
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Tom Branch
RE/MAX Dallas Suburbs - Plano, TX
Broker, CDPE, SFR, ACRE, Plano TX Ambassador

Tracy,

I serve on the working group putting it together. We're getting close to having this completed.

Tom

Jul 14, 2011 03:11 PM #14
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