After completion of Part 1, sales agents and real estate brokers operating in Texas must round out their core continuing education with an additional 4 hour course on legal updates for a grand total of 8 hours. This 2020-2021 course will explore several areas of real estate practice that saw amendments to legal language, rules, and forms. Among those is an emphasis on ethics, advertising, agency conundrums, title issues, and approved compensatory relationships with lenders and inspectors.
Chapter 01 explores how personal, business, and legal ethics intertwine, as well as how to handle unrepresented buyers. Spinning off that is a section and series of activities on intermediary duties and limitations on rebates and referral fees. This latter topic will be focused on in great detail throughout the course. Avoiding copyright infringement and advertising violations is the basis for Chapter 03 and a TREC case study. Next, issues with LLCs flipping houses, remembering to use written CDAs, notarizing the T-47, second buyer contracts, escrow requests to avoid, and FIRPTA best practices are covered. The last sections review RESPA and TREC’s Advertising Rule.
After each lesson, students will be asked a single question about the material. Seven incremental activities and one final exam will test the student’s knowledge. Understand that TREC requires a certain level of interactivity, hence why so many activities are present in this course. The information provided is largely assembled by TREC and Texas A&M University’s Real Estate Center with minimal adaptation by AYPO. Successful completion of all material will unlock the Certificate necessary for proving credit hours.
Show Course ID: 1
- Course ID(s): 37797
- Approved By: Texas Real Estate Commission
Phyllis has been a certified real estate teacher since 1999. Her accomplishments in the field of Real Estate education are numerous and include things such as the CREI Designation from the Texas Real Estate Teachers Association, a CDEI designation from the International Distance Education Certification Center, and the At Home with Diversity Instructor Certification through the National Association of Realtors. In addition to her own courses Phyllis reviews Qualifying classes for publishers, reviews MCE classwork for publishers, and is the author of the pre-license classes for salesman and brokers in Texas.