If you are a Texas real estate agent or broker, it is important to maintain your real estate license by completing continuing education classes and submitting paperwork every two years. This article provides a step-by-step overview of the process and what you need to do to keep your license current. Continue reading for more information.
1. Determine Your Required Coursework
Texas real estate license renewals have specific requirements depending on your experience level and status. If you are renewing for the first time, if you are a real estate broker, or if you’re not selling property, you’ll have to meet different requirements than real estate licenses who take part in transactions and renew their license every two years. The following are the specific requirements.
Your very first real estate license renewal in Texas is called Sales Agent Apprentice Education (SAE), requiring 98 hours of education and up to 90 hours of elective continuing education courses. If you’re searching for online courses to renew your license, therefore, ensure that it states that it meets SAE requirements.
Subsequent Sales Agent Renewals
If you’re not renewing your Texas real estate license for the first time, the required hours of continuing education come down to 18. During these 18 hours, you must take three hours of contract-related coursework, seven hours of elective continuing education, and eight hours of legal updates from the Real Estate Commission of Texas (TREC).
Real estate brokers have very similar renewal opportunities as agents. While renewing your licensing, you must fulfill your 18 hours of continuing education, but within 18 hours you must complete the Broker Responsibility program. This course does not teach you more management practices beyond those covered in the course.
If you do not renew your sales agent or broker license by the due date, or if you fail to submit the required documents 10 days before the due date, you will become an inactive agent or broker immediately. With an inactive license, you cannot practice real estate.
Your license will remain deactivated for six months after the initial renewal date. You have two options to maintain your real estate license during that time:
● Complete and submit renewal requirements to become active,
● or renew your license on inactive status.
2. Choose a Real Estate School
When it comes to renewing a real estate license in Texas, there are a lot of schools to choose from. Each school offers its unique format and schedule, so it’s important to choose one that will fit your needs. Here are a few things to keep in mind when choosing a real estate school:
● Make sure the school is approved by the Texas Real Estate Commission (TREC).
● Consider the format of the courses offered. Some schools offer online courses, while others offer classroom-based instruction
● Consider the schedule of the courses offered. Some schools offer flexible scheduling options, while others must course to be taken during specific times and days.
● Ask about the pass rate for the school’s students on the state licensing exam.
3. Select & Complete Coursework
The most straightforward and affordable way to complete your CE requirements for Trec is to buy a single package with all the required coursework hours. This will ensure that you have all the necessary credits in one place and can focus on completing the courses rather than worrying about finding enough individual courses to add up to the required total.
Of course, you’ll still need to make sure that the courses you’re taking are relevant to your real estate business and will help you improve your skills. But with a little research, you should be able to find a package that fits both your needs and your budget.
Most online real estate schools give you six months to complete your courses before they expire, and you no longer have access to the course materials. This can be a problem if you’re not able to complete the courses in time. Here are some tips to help you make the most of your time and complete your courses before they expire:
● Get started as soon as possible. The sooner you start, the more time you’ll have to complete the courses.
● Make a schedule and stick to it. Set aside some time each day or each week to work on the courses.
● Don’t procrastinate. It can be tempting to put off working on the courses, but try to stay focused and get them done.
● Ask for help if you need it.
4. Submit Documents & Complete License Renewal
To renew your real estate license in Texas, you’ll need to submit a certificate of completion for your continuing education courses, a renewal application, and the renewal fee. The process is simple and can be done entirely online.
Here are the requirements for first-time, subsequent, and inactive real estate licenses:
First-time & Subsequent Agent Renewal Requirements
Texas real estate agents who have to renew their licenses for the first time must submit a certificate of course completion and an application to renew. The license renewal fee is $110.
Broker Renewals Requirements
To renew your Texas real estate brokers license, you must complete: A certificate of completion of course hours (18 hours) and A renewal application for a renewal fee of $217 (for individual brokers and business entity brokers).
Inactive License Renewals Requirements
The requirements remain the same, although the renewal fee increases to $143 for up to 90 days or $176 from 90 days post-expiration to two years if you choose to renew the license on inactive status.
Real Estate License Reinstatement Requirements
To restore your agent or broker license, you must submit a Sales Agent License Reinstatement form and a Reinstatement application fee between $150 and $220.
In conclusion, Texas real estate agents and brokers need to maintain their real estate licenses by completing continuing education classes and submitting paperwork every two years. This ensures that they are up-to-date on the latest laws and regulations governing the real estate industry in Texas.