As a Texas real estate agent, you probably already know that the Texas Real Estate Commission (TREC) requires you to take 18 hours of continuing education (CE) courses to renew your license every two years. However, things are a little different this year. New education requirements go into effect on February 1, 2021. The biggest change is the requirement of a new three-hour contracts course, which we'll cover more below.
The Requirements to Renew Your Real Estate License in Texas
According to the TREC, the new guidelines for your 18 hours of CE are as follows:
In the past, the only two required courses were Legal Update 1 and 2. Now, you'll also be required to take a contracts course. You can still fill the remainder of your CE hours with whatever electives you'd like.
What the Contracts Course Material Covers
Real estate agents are obligated to protect the interest of the consumer, and one of the ways to remain compliant is by knowing the ins and outs of contracts. When you take the required contracts course, you can expect to build on the contracts material you covered in your initial Texas licensing course. This might include legislative changes or other contract law updates.
Other topics include:
Combating fraudulent trade practices
How contracts are shaped by the Texas License Act
Timely completion of documents and how it may affect the deal
The key elements of a standard and binding contract
Explaining the requirements of the contract and its terms to clients
The different types of contracting and the requirements to ensure the legality
Why the Contracts Course Material Is Important to Your Role
Contracting forms an important part of a real estate agent or broker’s career. It's helpful not just in their dealings with their clients, but also their employers and regulators.
By taking this course, you'll hopefully gain a better understanding of the legal requirements in terms of walking clients through the completion of contracts. This way, you can make sure they're signing the best deal.
What Happens if You Don’t Complete the Texas Contracts CE?
Apart from missing out on vital changes and new industry standards where contracts are concerned, agents will also not be able to renew their licenses. The three-hour course is a requirement for 2021, and without proof of completion of this course and the others as specified by TREC, agents will be unable to continue their real estate trade.
How to Make Time for the Online Contracts Course
Real estate agents and brokers sometimes find themselves pressed for time as they rush from showings to client meetings. If you need to find a way to fit this new course into your schedule, we have a few recommendations:
Block out time from your calendar to attend to course material for at least 20 minutes a few times a week.
Make notes to keep information on-hand and to easily continue the learning when you log on the next time.
Ensure there are no distractions during your study blocks. Switch off your phone and turn off the TV.
Is it time for you to take the contracts course? Sign up for Aceable Real Estate School's online course so you can fulfill the requirements from the comfort of your home. Our online course helps you fill the TREC requirements so your Texas real estate license renewal is a breeze.