Class Descriptions

The classes listed below are Core Courses, as defined in the Provisions of the Real Estate License Act (TRELA), Chapter 1101, Texas Occupations Code Section 1101.003, and the Rules of the Texas Real Estate Commission, Section 535.62(f)., offered by Texas Real Estate Educators, Inc., a division of USA Training, Inc., Provider # 0037.

* Required Courses

*Principles of Real Estate I & Principles of Real Estate II

Shall include but not be limited to an overview of licensing as a real estate broker and salesperson, ethics of practice, titles to and the conveyance of real estate, legal descriptions, deeds encumbrances and liens, distinctions between personal and real property, appraisal, finance and regulations, closing procedures, real estate mathematics , and at least three classroom hours of instruction on federal, state, and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment.

*Law of Agency

Shall include but not be limited to the principal-agent and master- servant relationships, the authority of an agent, the termination of an agent's authority, the fiduciary and other duties of an agent, employment law, deceptive trade practices, listing or buying representation procedures, and the disclosure of agency.

*Law of Contracts

Shall include but not be limited to the elements of a contract, offer and acceptance, the statute of frauds, specific performance and remedies for breach, unauthorized practice of law, commission rules relating to use of adopted forms, and owner disclosure requirements.

Real Estate Law

Shall include but not be limited to legal concepts of real estate, land description, real property rights and estates in land, contracts, conveyances, encumbrances, foreclosures, recording procedures, and evidence of titles.

Real Estate Finance

Shall include but not be limited to monetary systems, primary and secondary money markets, sources of mortgage loans, federal government programs, loan applications, processes and procedures, closing costs, alternative financial instruments, equal credit opportunity acts, community reinvestment act, and state housing agency.

Real Estate Marketing

Shall include but not be limited to real estate professionalism and ethics, characteristics of successful salesperson, time management, psychology of marketing, listing procedures, advertising, negotiating and closing, financing, and the Deceptive Trade Practices-Consumer Protection Act, as amended, Section 17.01 et seq., Business & Commerce Code. We will also have a guest speaker to present an introduction to technology for Real Estate Agents, including the use of websites, virtual tours, and video.

Real Estate Mathematics

Shall include but not be limited to basic arithmetic skills and review of mathematical logic, percentages, interest, time-valued money, depreciation, amortization, proration, and estimation of closing statements.

Real Estate Brokerage

Shall include but not be limited to law of agency, planning and organization, operational policies and procedures, recruiting, selection and training of personnel, records and control, and real estate firm analysis and expansion criteria.

Property Management

Shall include but not be limited to role of property manager, landlord policies, operational guidelines, leases, lease negotiations, tenant relations, maintenance, reports, habitability laws, and the Fair Housing Act.

Real Estate Investments

Shall include but not be limited to real estate investments characteristics, techniques of investment analysis, time-valued money, discounted and non-discounted investment criteria, leverage, tax shelters, depreciation, and applications to property tax.

Residential Inspection for Real Estate Agents

Shall include but not be limited to property condition addendum, inspector and client agreement, tools and procedures, electro-mechanical system (plumbing, heating, air conditioning, appliances, energy saving considerations), and structures (lot and landscape, roofs, chimney, gutters, paved areas, walls, windows and doors, insect damage and storage areas.