Before you apply for your Texas Real Estate Sales Agent's License, you are required to complete the Texas Real Estate Commission (TREC) required courses. You may take the courses in any sequence, but we recommend that you begin with Real Estate Principles. Purvis Real Estate Training Institute is Texas Real Estate Commission accredited, Real Estate Proprietary School #558
All license applicants are required to complete 180 classroom hours in the following qualifying courses:
• 30 hours in Real Estate Principles I
• 30 hours in Real Estate Principles II
• 30 hours in Law of Agency
• 30 hours in Real Estate Finance
• 30 hours in Law of Contracts
• 30 hours in Promulgated Contract Forms
Real Estate Principles is an introduction to Texas real estate fundamentals, laws and regulations. Course topics include licensing as a broker and salesperson, ethics of practice, conveyances, legal descriptions, deeds, encumbrances and liens. Additional Real Estate Principles topics are appraisal, finance, real estate math, closing procedures and housing discrimination, credit discrimination and community reinvestment. The subject matter is closely related to topics on the Texas Real Estate Commission/Pearson Vue real estate licensing exam.
The Law of Agency course content is relationships between principals & clients, creation and termination of agency relationships and intermediary relationships, listing contracts and buyer representation procedures. Law of Agency also includes employment law, the Deceptive Trade Practices Act, agency duties and fiduciary duties. The course content addresses psychology and negotiating positions, as well as closing details for residential real estate transactions.
The Real Estate Finance course content include: monetary systems; federal government programs; primary and secondary money markets; sources of mortgage loans; federal government programs; alternative mortgage instruments; federal lending & credit laws as well as Texas housing agencies. The final component is the loan application process and procedures, as well as closing costs.
The subject areas for Law of Contracts include the elements of a contract, offer & acceptance, specific performance and breach of contract, seller's disclosure requirements and the Statute of Frauds. The content specifies the details for Texas Real Estate Commission rules relating to the use of contract forms and addenda as adopted by the Commission.
The emphasis for Promulgated Contract Forms course is to learn the basics for proper completion of the Texas Real Estate Commission promulgated contracts and addenda through exercises and case studies. Course topics include the unauthorized practice of law, the Texas Real Estate Broker-Lawyer Committee, and current promulgated forms. A working knowledge of the proper completion of the contracts forms and an understanding of how contract provisions may benefit your client is crucial to your success in the real estate business.