Are you already licensed, and you need to start the process of Texas real estate license renewal? Or perhaps you are taking courses to get yourself licensed, and you are curious about the renewal process and associated fees? You’ve come to the right place!
Requirements for Texas Real Estate License Renewal
In order to renew their license, license holders must comply with continuing education requirements before the expiration of their license every two years.
The requirements are:
Newly licensed agents must take an additional 90 hours of qualifying real estate education in Salesperson Apprentice Education (SAE) (98 total hours).
Experienced sales agents must take an additional 10 elective continuing education hours (18 total hours).
All license holders should have their educational requirements completed and recorded with the Texas Real Estate Commission (TREC) prior to sending in the application for renewal.
If a license holder does not complete their continuing education in time for their license renewal, they may defer this requirement and essentially get a 60-day extension. In this situation, the applicant will have to pay an additional fee of up to $200. By doing so, the license holder will be allowed to keep practicing real estate until the education is taken care of.
Note that a broker who got licensed before October 31, 1991 is not required to comply with the mandatory continuing education requirements.
Broker Responsibility Course
There’s another six-hour course that certain people will need to take. These individuals are:
The broker of record for a business entity
A broker who sponsors sales agents
Any license holder, including sales agents, who supervises other license holders
These individuals need to take the 6-hour Broker Responsibility course as part of their 18 total hours of CE. This course is written in conjunction with the Real Estate Center at Texas A&M and updated every two years. It must be taken every two-year period for license renewal.
Cost of Texas Real Estate License Renewal
As long as you file your renewal paperwork on time, the real estate license renewal fee is just $110 for a sales agent and $217 for a broker.
Expiration of Texas Real Estate License
Two years from the date of being issued, the license will need to be renewed or placed inactive or it will expire. (FYI, this two-year renewal will continue for as long as the license holder stays in the business.)
If an agent or broker lets their license expire, they could face higher fees when they renew. If it's expired for 90 days or less, the applicant has to pay one-and-a-half times the regular renewal fee. If it's expired between 90 days and six months, renewal fees are doubled.
If a person's license is expired for six months or longer, they cannot renew it. They must apply for a new license.
Because there is an extra fee for attempting to renew a license after it has expired, it is important for the license holder to always be aware of their renewal date and stay on top of continuing education requirements.
Want to Know More?
There’s a lot to learn when you become a Texas real estate agent. If you’d like to know more about SAE, check out our blog post here.