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,What state agency is responsible for the licensing of
real estate appraisers?
Texas Appraiser Licensing and Certification Board
A broker or salesperson who fails to give the statutory title
notice to the buyer at or before closing
A) will have the license suspended without reinstatement
for two years.
B) must forfeit the entire commission on the subject
transaction but in so doing is absolved of any other liability.
C) may have the license suspended or revoked and
cannot collect a commission on the subject sale.
D) is required to show cause as to why such disclosure
was not made.
may have the license suspended or revoked and
cannot collect a commission on the subject sale.
Failure to advise a buyer in writing before the closing of
a real estate transaction that the buyer should obtain title
assurance is grounds for suspension or revocation of a
license;
specifically, the agent must advise the buyer to have the
abstract covering the real estate that is the subject of the
contract examined by an attorney chosen by the buyer or be
provided with or obtain a title insurance policy.
,After the first renewal, what mandatory classes are
required to renew a salesperson's real estate license?
A) Completion of 15 hours of continuing
education acceptable to the Commission
B) No mandatory requirements
C) Completion of 60 additional hours in core real
estate courses
D) 18 hours of home study
compleion of 15 hours of continuing education acceptable to
the Commission.
A licensee applying for first renewal of a salesperson
license must provide satisfactory evidence of completion
of a total of 18 semester hours (270 classroom hours),
with 180 hours
being the application education requirement courses. Please
note that this means only 6 additional semester (90
classroom) hours in core real estate courses are
required to be filed during the term of the license as a
licensed
salesperson. These hours are known as SAE, or
Salesperson Apprentice Education. These 90 additional
classroom hours in core real estate courses for the SAE
must be submitted and in the TREC system by the end of
the second year of licensure.
After the first renewal, a license holder is required to
complete 15 MCE (Mandatory Continuing Education) hours of
, acceptable mandatory continuing education every two years.