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
