Real Estate/ Continuing Education/ Texas/ Contract Competence in Texas

Contract Competence in Texas (fulfills the contracts requirement)

$39

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS. *NOTE: If you have been made a supervisor by your broker, you must also complete the 6-hour Broker Responsibility course as a mandatory part of your 18 hours of CE. Elective Hours: 0 Mandatory Hours: 3 Total Hours: 3

Description

State Requirements

As a Texas real estate license holder, competence is incumbent on you, whether it’s geographical competence, property type competence, or competence within your niche. Every transaction, no matter where the property is located, what type of property is being transferred, or what market segment is being served, involves contracts. You might say contractual competence is at the top of your competency pyramid. The view from up here can be daunting if you don’t know what you’re doing. But after this course you will. You’ll have command of promulgated forms, contract rule and laws, contract formation, deadlines and contingencies.

Course highlights include:

How the Texas License Act applies to contracts
License holder duties related to promulgated forms
How to avoid the unauthorized practice of law
Essential elements for a binding contract
How and when oral negotiation is appropriate
How to handle document irregularities
How to avoid common contract mistakes
Deadlines and the difference between time is of the essence and "reasonable time"
Common contract contingencies and their role in the real estate transaction

Package Content:

State Requirements For Texas

Texas State Requirement Details for Real Estate Continuing Education

Renewal Date: Every two years by the end of the month in which the license was initially issued

Hours Required: 18 hours

4 hours – Legal Update I: Laws, Rules and Forms
4 hours – Legal Update II: Agency, Ethics, and Hot Topics
3 hours - Contracts-related course
7 hours – Electives

Note: If you are a supervising agent, have sponsored one or more sales agents, served as the designated broker for a business entity broker that sponsors sales agents, or have been made a supervisor of other license holders, you will need to complete the 6-hour broker responsibility course as part of your required 18 hours of CE.

The CE Shop’s Offering: 18 hours

The CE Shop is an approved provider in Texas.

Provider Approval Number: 0505

Reporting: The state requires course completions to be reported to the state. We will report your course to the state upon completion.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Final Exams: Passing a final exam is not required to receive continuing education credit in Texas, therefore our system is set up so that final exams can be passed with a 0% passing score.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew. If TREC records do not reflect completion of CE requirements at the time you submit your renewal application, you must pay a $200 CE Deferral Fee, or renew in inactive status. Payment of the CE Deferral Fee allows you to remain active for an additional 60 days from your expiration date to complete CE requirements.

Repeat Course in Back-to-Back Renewals: According to Texas Rule Chapter 535, Subchapter I, Section 535.92 (3h), credit will not be given for attendance of the same course more than once during the term of the current license or during the two?year period preceding the filing of an application for late renewal or return to active status.

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