THE ACADEMY OF REAL ESTATE - Top Producer® Website



THE ACADEMY OF REAL ESTATE

PROFESSIONAL EDUCATION SINCE 1975

6500 Boeing Bldg L Ste 112

El Paso, Texas 79925

Phone: (915) 779-0096

Fax:(915) 779-1254

THE

Academy

Of Real Estate

HERE IS HOW TO GET STARTED AND THE EDUCATIONL REQUIREMENTS.

In order to obtain your Texas Real Estate Salesperson license, you must first complete required education courses mandated by the Texas Real Estate Commission

Salesperson’s License: Many License applicants are only required to compete 180 hours of specified education to qualify to take the Texas Real Estate Salesperson Exam. These 180 hours must include 60 hours in Real Estate Principles, 30 hours in Laws of Agency, 30 hours in Law of Contracts, 30 hours in Promulgated contracts and 30 hours in R.E. Finance. The learner may complete the required courses by classroom, home study or online study options.

Broker’s License: To be licensed as a Broker you must 1). Hold an active salesman’s license for at least 4 years in the State of Texas or have a current Broker’s license form another state. 2). Meet the educational requirements mandated by the Texas Real Estate commission for Brokers, which is 900 classroom hours. If you have a college degree and 270 of core to included Real Estate Brokerage class, and meet the new point regulations. Please contract the Texas Real Estate Commission to verify the requirements needed.

Steps to obtain a Texas Real Estate Salesperson License:

1). The mandatory classes include Real Estate Principles 60 classroom hours, Law of Agency 30 hours in Law of Contracts, 30 hours in Promulgated contracts and 30 hours in R.E. Finance. All educational documents and the Inactive Salesperson License and appropriate fees must be sent to the Texas Real Estate Commission. You can apply online trec. (512-936-3000), or mailed to the Texas Real Estate Commission.

2). The application requires fingerprinting to be done at a designated site and electronically submitted. Applicant must be 18 years of age, a resident of Texas, and a U.S. citizen or legally admitted alien.

3). You will schedule your license examination with the Pearson VUE testing program after you receive the Candidate Information Brochure form TREC. Applicants have 1 year from the date of application was filed to pass the examination. Pearson VUE 1-800-997-1248 or

4). Once the exam is passes, the results are sent electronically to TREC and an active, or in active license will be sent directly to the salesperson, with a copy to the sponsoring broker. In order to practice as a salesperson with an active license, you must be sponsored by a license Texas Real Estate Broker. Please note that applicants are not required to have sponsoring broker to file an application with TREC, or to schedule the exam with Pearson VUE

MANDATORY REAL ESTATE PRE-LICENSURE CLASSES

Principles of Real Estate I 121

Topics Include:

Introduction to Real Estate practices in Texas, Real Property, The Real Estate Market, Fair Housing (3 hours) Brokerage, The License Act, Contracts, and Appraisal are included in this course.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Principles of Real Estate II 122

Topics Include:

Real Estate Financing; Principles, and Practices, Transfer of title and title records, math, closing, property management. Control of land and Real Estate Investments are covered in this course.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Law of Agency 1151

Topics Include:

Types of agency. Application of License Act, Fiduciary responsibilities, creation of agency, responsibilities of agency and principle, intermediary, dual agency, review of finance, TREC promulgated forms and notices.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Law of Contracts 1251

Topics Include:

Elements of a contract, offer and acceptance, the stature of frauds, specific performance and remedies for breach, unauthorized practice of law, commission rules relating to use of adopted forms, and owner disclosure requirements.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Promulgated Contracts 351

Topics Include:

Explain and comply with the provisions of the Statue of Frauds, the Texas Real Estate License Act, and rules of the Texas Real Estate Commissions as they relate to the creation of purchase contracts between seller and buyer

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

R.E. Finance 451

Topics Include:

The loan application process, Loan underwriting standards, Conventional loans, FHA & VA loans, Seller financing, Fair lending and Predatory lending.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

PRE-LICENSURE CORE / RENEWAL CLASSES

Overview of Appraisal 0212

Topics Include:

Purposes and functions of an appraisal, social and economic determinants of value, cost market data, and income approaches to value, final correlations, reporting, appraisal case studies and others.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Property Management 0811

Topics Include:

Introduction to professional property management, manger-owner relationship, leases, owner-tenant issues, safety issues, Federal, State, & Local Laws, fair housing, commercial, apartment management, record keeping and budgeting.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Real Estate Mathematics 0611

Topics Include:

Basic math, sales price, list price, net, depreciation, commission, area and volume, refiance, prorations, closings, legal and taxes, lease calculations, appraisal.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Marketing 0513

Topics Include:

Generating a Marketing Plan, Press Release, Marketing Budget, Web Sites, Virtual Tours, E-mail, and Tracking Techniques

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Marketing 0511

Topics Include:

Characteristics of successful salesperson, time management, psychology of marketing, listing procedures, Negotiation, Ethics, advertising, Regulation Z, Deceptive Trade practice, and Fair Housing

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

The Art of Negotiation 0512

Topics Include:

Negotiation skills are involved most aspects of marketing. This course explores the basic skills that are necessary to become a good negotiator.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Marketing Workshop Listing and Sales Success 0521

Topics Include:

Listing, buyers representation, time management, ethics, open houses, advertisement, regulation Z, Competitive Market Analysis, Contract Negotiation, Motivation Topics and Role playing

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Marketing Step for Success 0522

Topics Include:

Introduction to Many Ways to increase Sales, Fair Housing, DTPA, Ethics, and Do’s and Don’ts of Marketing. Role Playing and Hands on Experience.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Real Estate Investment 0911

Topics Include:

Investment Characteristics, Techniques of investment, Analysis, Time-Valued Money, discounted and non-discounted Investment Criteria, Leverage, Tax Shelters, Depreciation and Application to Property Tax.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Real Estate Law 0311

Topics Include:

This class is an in depth study of the Texas Real Estate Laws. There is background, free hold estate, legal descriptions, ownership, brokerage, and agency. Conveyances, contracts, and liens included.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

Real Estate Brokerage 0721

Topics Include:

A course to assist those wanting to become a Broker and/or Manager of a Real Estate Office. It outlines the dos and don’ts for this licensee. It also familiarizes the pre licensee with the workings of a Real Estate Office, so they will be more prepared to make a decision about where they want to interview, and good questions to be asked.

Core Credit 30 hours Tuition $146.00 Required text $42.95 plus tax

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