Broker Responsibility Course
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
- 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
- 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
- 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
Course instructors will be available by email or telephone between 9am and 5pm 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 firstname.lastname@example.org. 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).