Real Estate Agent vs The Internet

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Real Estate Agent with DFW FINE PROPERTIES 0506509

By ©Patricia Feager, 1/27/2017

 

What Does It Take To Become a Real Estate Agent

Every licensee has different State Requirements. Currently, to become a Real Estate Agent in Texas, this is how you qualify per the Texas Real Estate Commission. State requirements are subject to change:

  • 30 classroom hours - Principles of Real Estate I
  • 30 classroom hours - Principles of Real Estate II
  • 30 classroom hours - Law of Agency
  • 30 classroom hours - Law of Contracts
  • 30 classroom hours - Promulgated Contract Forms
  • 30 classroom hours - Real Estate Finance
  • File an application - Fees as of 2017 $205.00, Background Check $27.00, Fingerprinting $20.00
  • License Administration by Pearson Vue a testing service company 
  • Anyone not passing the exam by the third time must take additional education (waiting period)
  • Filing for a license application requires an investigation
  • State Law prohibits license renewal for Student Default (exception approved repayment agreement)
  • Applicants who pass must obtain Sponsorship
  • May not practice Real Estate unless Sponsorship is approved
  • Every licensed Agent and Broker must renew their license and pay additional fees
  • Prior to the renewal, everyone must have additional Mandatory Education & pass more tests
  • The cost to do business is ongoing and on a continuous basis - nothing is free

 

What Does it Take to Put Something About Real Estate on the Internet?

  • Anyone can put anything out there but it doesn't mean they are licensed to do business

What Does it Take to provide information about property worth?

  • Only a licensed Agent who is a paid member of the MLS & State has access to accurate data
  • Only a licensed Agent can provide the best information for negotiating contracts
  • Only a licensed Agent know current market and recent sales

What Does it Take to obtain information about property worth on the Internet?

  • Anyone can publish inaccurate information that's obsolete

 

 

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        2900 W Southlake Blvd, Suite 180
                                        Southlake, TX 76092
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

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Rainmaker
3,271,332
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Patricia. 180 hours to get a license. That is more than it takes to get a Managing Broker's license in Illinois or Florida! Enjoy your day!

Jan 27, 2017 05:17 AM #1
Rainmaker
2,017,044
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Wayne Martin - Thank you! Texas Agents work hard to earn and keep their license. I didn't know how we compare to IL or FL!

Jan 27, 2017 05:22 AM #2
Rainmaker
3,813,100
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Patricia Feager ,

Anyone can put information out on the Internet..and it may or may not be correct. You are right only a licensed agent with access to the MLS & State will have the most complete information for you.

Jan 27, 2017 05:24 AM #3
Rainmaker
846,015
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

All good points PF to help prop us up in our profession. Most folks have no clue.

Jan 27, 2017 05:26 AM #4
Ambassador
2,558,938
Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

The requirements for licensing in TX are much more stringent than we are in CT.  Our classes are 60 hours of P & P, and take the test with 3 time the max before more class. Then find a broker to hold the license and the fun begins.  I like your requirements better as it would trim the herd some.

Jan 27, 2017 05:35 AM #5
Rainmaker
3,173,032
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Glad to read the hours involved.  From what I have heard, it's too easy in many other States!

Jan 27, 2017 05:37 AM #6
Rainmaker
2,017,044
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 - I love your new profile picture! You make a great partnership in life!

I've heard Texas has strict license requirements and from what it seems, it's true!

All the best to you! 

Jan 27, 2017 06:14 AM #7
Rainmaker
1,521,497
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Patricia, there's so much incorrect information floating around the Internet and it's such a disservice to consumers. They need to be diligent in looking at who an article is posted by.  

Jan 27, 2017 07:10 AM #8
Rainmaker
536,538
Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Good points all Patricia.  Not just RE.  Everyone needs be cognizant of false 'facts' floating around.  Mark

Jan 27, 2017 08:17 AM #9
Rainmaker
58,332
Beth Bromund
Coldwell Banker Weir Manuel - Rochester, MI
REALTOR (248) 651-3500

In Michigan it is a shorter process to become an agent, but if one chooses to become a broker there are many more additional requirements.  With so much info on the internet, I think it's a good idea to explain why hiring an agent is superior to just using the internet.  You explain that well!

Jan 27, 2017 08:58 AM #10
Ambassador
2,859,997
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Patricia - anybody who relies soley on the internet for their information...well that's just craziness. 

Jan 27, 2017 09:58 AM #11
Rainmaker
3,089,167
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Your requirements are certainly more stringent than ours, Patricia. In NC, they've eliminated the need to have even a high school diploma and reduced the pass rate on the exam to 71% because so many people failed. I guess they'd rather pass them and have them fail as agents and hurt all of our reputations in the process.

Jan 27, 2017 10:04 AM #12
Rainmaker
2,189,769
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

You need only 3 real estate college classes to be a salesperson in California but you can also be a high school dropout. If you want a broker's license, you need 8 college classes and two years of real estate experience (or equivalent, which is how I got a broker's license after being an escrow officer), or you can just be a lawyer, and then you don't need any special education, which was probably passed by lawyers, now that I think about it, LOL.

Jan 27, 2017 11:00 AM #13
Ambassador
3,799,711
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia obtaining a license is not easy.  It is pretty tough to obtain a Loan Originator license as well.  It takes a lot of hours and the test is a beast.

Jan 27, 2017 02:39 PM #14
Rainmaker
5,375,747
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good information to share with those who are considering a career in real estate.

Jan 30, 2017 04:45 AM #15
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Rainmaker
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Selling Homes Changing Lives
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