Texas 18 Hour Sales Agent Package

$89.00

18 Hour | Online HD Video

  • 4 Hour Legal Update I 2020-2021  (#37796)
  • 4 Hour Legal Update II 2020-2021  (#37797
  • 4 Hour Contracts (#10157)
  • 3 Hour  Code of Ethics (#37011)
  • 3 Hour Fair Housing (#37015)

Note:  Legal Update courses MUST BE COMPLETED by December 31, 2021 in order to satisfy the education requirement. If you have been made a supervising broker you must also take a 6-hour Broker Responsibility course.   Beginning February 1, 2021, sales agents and brokers are required to complete 3hrs of real estate contracts

Description

PACKAGE CONTENTS:

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


Code of Ethics


COURSE SYLLABUS

Course Description

Realtors should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

Such interests impose obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which Realtors should dedicate themselves, and for which they should be diligent in preparing themselves. Realtors, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow Realtors a common responsibility for its integrity and honor.

This course outlines the standards of practice expected of licensed realtors, and provides several case studies to illustrate those standards.


CODE OF ETHICS AND STANDARDS OF PRACTICE

Introduction and Preamble

Article 1 Duties to Clients and Customers

1. Obligations
2. Agency Relationships
3. Disclosure
4. Offers
5. Confidentiality
6. Due Diligence

Articles 2-9

1. Misrepresentation
2. Discovery
3. Compensation and Commissions
4. Conflict of Interest
5. Contracts

Articles 10-14 Duties to the Public

1. Discrimination
2. Professional Standards
3. Standards of Competence
4. Consultive Services
5. Transparency
6. Kickbacks
7. Advertising

Articles 15-17 Duties to Realtors

1. Libel
2. Exclusivity
3. Solicitations
4. Disputes
5. Mediation and Arbitration

Business Ethics, NAR Code of Ethics and Pathways to Professionalism

1. History of NAR
2. Business Ethics
3. Professionalism
4. Enforcement
5. Arbitration Guidelines

Case Studies

1. Article 1
2. Article 12
3. Article 17
4. Commercial Cases
5. Conclusion

Final Assessment


Fair Housing


COURSE SYLLABUS

Course Description

It is important to realize Fair Housing laws are very much a part of today’s real estate market. Both Federal and State governments employ “testers” to police the industry. Testing is not considered entrapment and the results are admissible in court. Fair Housing is the law of the land, and even in the face of some apparent exceptions, there is no room for discrimination of any sort in the business of housing.

The Fair Housing Act has its roots in the civil rights movement and is arguably the final great legislative achievement of the times. It is a landmark civil rights act that pushed back decades of discrimination.

After completing this course  participants will be able to:

  • Understand the history behind and the connection between civil rights legislation and the Fair Housing Act.
  • Recognize and apply the standards outlined by court decisions in Fair Housing case law.
  • Be able to integrate the rules and regulations pertaining to Fair Housing laws in the real estate industry.

Fair Housing

Chapter 1
Lesson 1

1. 1866 Civil Rights Act
2. 1968 Federal Fair Housing Act

a. Protected Classes and Prohibitions
b. Exemptions
c. History
d. Enforcement

Lesson 2 

1. Complaint Process

a. Steps

2. Amendments

a. Families
b. Disabilities

Chapter 2
Lesson 1 

1. Fair Housing and Real Estate

a. Advertising
b. Customer Service
c. NAR

Lesson 2 

1. Frequently Asked Questions


Chapter 3
Lesson 1 

1. Case Law

Lesson 2 

1. Case Law

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).

335,692 Courses Taken
I was really impressed, it was very easy, I loved it. The course was self-explanatory and let me take it on my own time. I am a busy mother and I liked that I could work at my own pace.  I appreciate you guys, it was awesome.
S. Parker from Oregon
 
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