Texas 18 Hour Broker Package

$89.00

18 Hour | Online HD Video

  • 6 Hour Broker Responsibility 2019-2020  (#31450)
  • 4 Hour Legal Update I 2020-2021  (#37796)
  • 4 Hour Legal Update II 2020-2021  (#37797)
  • 4 Hour Real Estate Contracts (#10157)

Note:  Legal Update courses MUST BE COMPLETED by December 31, 2021 in order to satisfy the education requirement.   Beginning February 1, 2021, sales agents and brokers are required to complete 3hrs of real estate contracts

Description

PACKAGE CONTENTS:

 

Broker Responsibility Course

2019-2020


COURSE SYLLABUS

Course Description

The purpose of this course is to address the regulatory aspects of the management, operation and supervision of a real estate brokerage firm in Texas. The course provides an understanding and working knowledge of a broker’s responsibilities and obligations under 22 TAC §535.2. This rule sets out specific requirements and best practices for brokers.

Section 535.92 of the Texas Real Estate Commission Rules requires a broker or a designated broker of a business entity who sponsors sales agents, and a license holder who is a delegated supervisor of one or more license holders, to complete this six-hour broker responsibility course to renew a license. Any license holder may take this course, which counts for six hours of CE elective credit. Additionally, a sponsoring broker may, by policy, require certain license holders and employees to take this course.

After completing this course participants will be able to:

  • Recognize the role of TREC, and describe how broker rules and regulations must be implemented in the practice of real estate in Texas.
  • Be able to manage a business entity, and ensure employees and independent contractors are qualified to perform the work in accordance with specifications and requirements.
  • Summarize general and specific fiduciary duties, including responsibility for trust monies, property management, advertising, and teams and groups.
  • Understand the sanctions and penalties for violations of the Texas code.

Chapter 1: Introduction

  • Purpose
  • Who Must Take This Course?
  • Standard Test for Course Now Required
  • Regulations for Brokers
  • TREC Rules §535.2 – Broker Responsibility (underlined text new as of 1/1/19)

Chapter 2: Scope of Activity and Competency

  • Authority and Competency – Definitions
  • Authorizing Scope of Brokerage Acts an Agent Can Perform
  • Competency
  • Proper Training and Mentoring

Chapter 3: Fiduciary Responsibility/Agency

  • Listing and Other Brokerage Services Agreements in Broker’s Name
  • Sharing Commissions with Attorneys
  • Attorneys as Brokers
  • What is the Broker-Lawyer Committee?
  • Use of Standard Contract Forms – (TREC Rules §537.11)
  • A Real Estate License Not a Law License

Chapter 4: Trust Accounts

  • Commingling Funds

Chapter 5: Property Management

  • Property Management Responsibilities – TREC Rules §535.2(d)
  • Authority and Duties Under the Property Management Agreement
  • Federal, State, and Local Laws and Regulations for Property Management

Chapter 6: Delegated Supervisors and Teams

  • Delegated Supervisor Responsibilities and Broker Liability
  • New Requirements for Heads of Teams
  • Best Practices for Managing Teams

Chapter 7: Advertising and Registration of Names

  • New Advertising Rules
  • What’s in a Name? Advertising Name Types
  • Which Type of Name Is It?
  • Advertisements – TREC Rules §535.154 and §535.155
  • Advertising About the Value of a Property
  • Broker Price Opinion, Comparative Market Analysis or Sales Price Estimate – TREC Rules §535.17

Chapter 8: Written Policies

  • Review of Required Policies and Procedures

Chapter 9: Additional Broker Duties

  • Record Keeping – TREC Rules §535.2(h)
  • Responding to Agents, Clients and Other License Holders – TREC Rules §535.2(k)

Chapter 10: Application and Background History Processing and Complaints

  • Overview of TREC Application Processing
  • Background History for Sales Agents or Brokers
  • Complaints
  • Complaint Investigation and Disposition (TRELA §1101.204)

Appendix A: Use of Standard Contract Forms (TREC Rules §537.11)

Appendix B: Elective Qualifying Real Estate Courses to Meet SAE License Requirements

Appendix C: Disclosure of Information on Lead-Based Paint and/or Lead-Based Paint Hazards

Appendix D: Lead-Safe Certification

Appendix E: Use of Unlicensed Assistants in Real Estate Transactions

Appendix F: §535.154 Registration and Use of Alternate, Team and Assumed Business Names Used in Advertisements

Appendix G: Advertising FAQs – as of 9/1/18

Appendix H: Complaint Investigation and Disposition (Texas Occupations Code)

Civil Rights and Fair Housing

Americans With Disabilities Act


Legal Update I
2020-2021


COURSE SYLLABUS

Course Description

The purpose of this course is to address the regulatory aspects of some of the many legal updates that have occurred in the Texas real estate industry. This course provides an understanding and working knowledge of a license holder’s responsibilities and obligations related to rule changes, leasing and property management, sales transactions, contracts and addenda forms, and current hot topics. This course sets out specific requirements and best practices.

After completing this course participants will be able to:

  • Recognize the role of TREC, and describe how the rules and regulations must be implemented in the practice of real estate in Texas.
  • Summarize the unauthorized practice of law
  • Discuss the legislative changes and disclosure regulations surrounding buyers, landlords, tenants, and sellers.
  • Understand the changes to the promulgated contract and addendum forms.
  • Describe the issues surrounding security issues such as in-home surveillance and wire fraud

Chapter 1: Statutory Changes to Texas REal Estate License Act (Chapter 1101, Texas Occupations Code) and TREC Rule Updates

  • Key TREC Rule Updates
  • How Can a License Holder Get Involved in the Rule Making Process?
  • Licensing Related Bills Passed by the 2019 Texas Legislative Session

Chapter 2: Seller’s Disclosure

  • Statutory Changes
  • Selecting the Seller’s Disclosure Notice
  • Inspection Reports: Sellers and Future Buyers
  • When is a Seller’s Disclosure Notice NOT Required?

Chapter 3: Water Issues

  • What is my level of flood risk?
  • Municipal Utility Districts
  • Municipal Utility Districts (MUDs) and the Law
  • Hydrostatic Testing

Chapter 4: Contract Issues

  • Changes to Promulgated Forms
  • Previously Approved Changes
  • Notice of Buyer’s Termination of Contract
  • Notice of Seller’s Termination of Contract
  • Third Party Financing Addendum
  • One to Four Family Residential Contract (Resale)
  • Smart Homes
  • Paragraph 6, Objections
  • Cure Period Example
  • Effective Date
  • Option Money
  • Additional Option Period

Chapter 5: Unauthorized Practice of Law

  • §537.11 – Use of Standard Contract Forms
  • What License Holders Can Do
  • What License Holders Cannot Do
  • Unauthorized Practice of Law Pop Quiz
  • Unauthorized Practice of Law examples from recent TREC Cases

Chapter 6: Property Management

  • Use of Criminal History
  • Protecting Tennants at Foreclosure Act Reinstated
  • Consumer Reports

Chapter 7: Security Issues

  • In-Home Surveillance
  • Cyber Fraud
  • Wiring Funds or Cashier’s Checks
  • Avoiding Cyber Fraud
  • Definitions
  • HOW do you protect yourself?

Appendix A: Updated TREC Seller’s Disclosure Notice (OP-H) effective 9/1/2019
Appendix B: Residential Condominium Contract (Resale) and Farm and Ranch Contract

Appendix C: Sec. 49.452, Notice to Purchasers (Texas Water Code)
Appendix D: Addendum for Authorizing Hydrodstatic Testing (48-0)
Appendix E: Promulgated Contract Forms and Addenda

  • One to Four Family Residential Contract (Resale)
  • Notice of Seller’s Termination of Contract
  • Notice of Buyer’s Termination of Contract
  • Third Party Financing Addendum

Appendix F: Six New Property Management and Leasing Laws
Appendix G: Article “Is Your Sellers’ Surveillance Putting Them At Risk?”
Appendix H: Helpful Links


Legal Update II
2020-2021


COURSE SYLLABUS

Course Description

The purpose of this course is to address the regulatory aspects of some of the many legal updates that have occurred in the Texas real estate industry. This course provides an understanding and working knowledge of a license holder’s responsibilities and obligations related to rule changes, leasing and property management, sales transactions, contracts and addenda forms, and current hot topics. This course sets out specific requirements and best practices.

After completing this course participants will be able to:

  • Recognize the role of TREC, and describe how the rules and regulations must be implemented in the practice of real estate in Texas.
  • Summarize title and closing issues
  • Discuss advertising issues
  • Understand recent agency violations
  • Describe inspector and lender issues as they relate to the real estate transaction

Chapter 1: Statute & Rules Update

  • Ethics Requirements for Real Estate Professionals
  • Unrepresented Buyers

Chapter 2: Agency

  • Residential Rental Locators
  • Examples of Recent TREC Cases with Violations by Apartment Locators
  • Seller Term Requirement Sheets or Seller Offer Guidelines
  • Intermediary Refresher – Intermediary Means “Enter the Middle”
  • Recent TREC Cases – Agency Violations
  • Rebates and Referral Fees
  • Recent TREC Cases – Rebate Violations

Chapter 3: Advertising Issues

  • §535.155 – Advertisements
  • Social Media Litmus Test
  • Using Copyrighted Material
  • Copyright Definition
  • Copyright Ownership
  • Copyright Ownership Rights
  • Sharing Copyright Ownership Rights
  • Copyright Infringement
  • Protection from Copyright Infringement Claims

Chapter 4: Title Issues and Closing

  • Closing LLCs
  • Closing Trusts
  • Commission Disbursement Authorizations and Instructions
  • T-47 Misconceptions
  • Back-Up and Second Contracts
  • Escrow Requests to Avoid
  • FIRPTA Best Practices

Chapter 5: RESPA Compliance

  • Rule P-53
  • Marketing Service Agreements

Chapter 6: Inspector and Lender Relationships and Duties in the Real Estate Transaction

  • Inspector FAQs
  • Article – Where Does That Inspection Report Go?
  • Lender Relationships and Duties

Appendix A: Rule §535.148, Receiving an Undisclosed Commission or Rebate
Appendix B: RESPA Dos and Don’ts for Co-Marketing, Social Media, & Other Web-Based Marketing Tools

Appendix C: Helpful Links


Real Estate Contracts


COURSE SYLLABUS

Course Description

This class will explore contracts and forms related to real estate transactions. Special emphasis is placed on the required elements of a binding contract, agency relationships, disclosure requirements, addenda/contingencies, and closings. All the elements of a real estate transaction must be accurate, and properly executed for the contract to be binding. It is important for real estate professionals to have a working understanding of the contractual transaction in order to best serve their clients.

After completing this course participants will be able to:

  • Have a better understanding of basics of contract law and the elements of a contract
  • Be better equipped to serve buyers and sellers through an understanding of agency law
  • Examine purchase agreements, addendums, and aspects of financing
  • Have a working knowledge of necessary requirements to better serve your clients

 

Real Estate Contracts 

Lesson 1 Elements of a Binding Contract 

Types of Contracts
Essential Elements

Lesson 2 Elements of a Binding Contract cont. 

Plain Language
Performance and Discharge
Remedies

Lesson 3 Representation Contracts Agreements

Agency Relationships
Fiduciary Duties

Lesson 4 Representation Contracts Agreements cont. 

Listing Contracts
Required Items and Other Provisions

Lesson 5 Disclosure Issues 

Seller’s Property Disclosure
Material Facts
Exemptions
Alternatives

Lesson 6 Purchase Agreements 

Required Elements of a Purchase Agreement

Lesson 7 Counter Offers and Addenda 

Financing Addenda
Conventional Mortgage
FHA Mortgage
DVA Mortgage
Land Contracts

Lesson 8 Closing Costs 

Seller Contributions
Common Interest Community
Contingency Addenda
Cancellation

Lesson 9 Roundtable Discussions 

Supplemental Cases

Final Assessment


Course instructors will be available by email or telephone between 8am and 6pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to info@onlinecti.com. Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available by going to our website and scrolling to the bottom of the page (See Attendance, Privacy and Refund Policy).

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