Your question: When was the Texas Real Estate License Act last amended?

What percentage of people pass the Texas real estate exam?

Education Providers (10/1/2019 to 9/30/2021)

School Name Overall Pass Rate Sales Agent Pass Rate
Overall Provider Statistics 62.33% 62.39%
Texas State Online Real Estate, LLC 74.64% 74.64%
The CE Shop LLC 71.03% 72.30%
The Real Estate Business School 48.69% 48.48%

What is Chapter 1101 of the Texas Occupations Code?

OCCUPATIONS CODE CHAPTER 1101. REAL ESTATE BROKERS AND SALES AGENTS.

What is the hardest state to get a real estate license?

Hardest States to get a Real Estate License

Of all states, Colorado and Texas come on top as the hardest in terms of granting a real estate license. Each of the states requires some education and a test, which you must pass before being issued with a real estate license.

Is the Texas broker exam hard?

It’s not hard to pass these courses. In fact, it’s very easy to pass these courses. There is a lot of information, but it is still very easy to pass the quizzes–especially if you take the courses online.

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When a Texas real estate license holder is in inactive status?

With an inactive license, you pay the renewal fee every two years to keep the license current but are not required to complete CE. This means you are unable to provide real estate services as a license holder but would have an inactive and current license with TREC.

Does a real estate license expire in Texas?

As a Real Estate Sales Agent, you must renew your license every two years. … After six months and up to two years past the expiration date, you may apply for reinstatement of your license. After two years past the expiration date, you will have to reapply and pass the examination.

What does an inactive license mean?

Inactive license means a license that has expired because it was not renewed by the end of the grace period. … Inactive license means any license that is not a current, active license. Inactive license may include licenses formerly known as delinquent, lapsed, or retired.

Is Texas A dual agency State?

No. Texas law does not permit dual agency. A license holder may not represent both principals as a dual agent under the revisions to TRELA. Under the current law, a broker must agree to act as an intermediary in accordance with the statute if the broker agrees to represent more than one party in a transaction.

What is the purpose of Texas real estate license Law?

The Purpose of TRELA

The state legislature of Texas passed the Texas Real Estate License Act to protect the public from brokers and sales agents who are dishonest. TRELA also: Establishes rules that license holders must follow that pertain to obtaining, and later maintaining, a real estate license.

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What is the main purpose of the Texas Real Estate Commission?

The purpose of the Texas Real Estate Commission is to protect the public through regulation of licensed real estate brokerage practitioners, real estate inspectors, residential service companies, and entities offering timeshare interests.

What is the Texas Occupational Code?

The Texas Occupations Code includes the enabling statutes and practice acts for physicians, physician assistants, acupuncturists, surgical assistants, medical radiologic technologists, medical physicists, perfusionists, and respiratory care practitioners.

What would a field stating BC 3 mean?

On a listing sheet, a field stating “BC: 3” would mean that the company will receive 3% of the sales price as their commission. … The seller or buyer should be told this when they enter into an agency relationship.