Texas has been known for having very strict licensing regulations and I think these changes to improve are for the better. The length of time in which you must gain experience as a salesperson prior to becoming a broker will increase from 2 years to 4 years as of January 1, 20012 per Senate Bill 747. In addition, a broker who sponsors a salesperson must take a 6-hour broker responsibility course which will count toward mandatory continuing education with 15 credit hours.
I had my license for 5 years prior to becoming a broker because although that was always my intention, I didn't think 2 years was enough time to have the knowledge to take that responsibility. I've been a broker for 7 years but only after 6 did I feel confident enough in my experience to take complete control, leave my broker who had been in business since 1968 and become independent. Now with over a year as an independent broker I have accepted the responsibility of sponsoring a salesperson and I'm looking forward to the broker responsibility class.
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