You have been a real estate agent for over four years now and you are looking to take that next step forward in your career. You have the opportunity to become a real estate broker after all that hard work and dedication, and here at Continuing Education for Licensing, we offer you the best training possible with online courses to fulfill this next milestone as a real estate professional.
What is a Real Estate Broker?
A broker, aside from being someone who achieves the passing score on the licensing exam, is someone who can work independently without needing the oversight of a real estate company or another broker. They can also have real estate agents working for them. A broker who decides to still work under another broker or company typically receives the title of associate broker. The new title usually brings higher percentage commissions than a regular real estate agent.
If you become a broker you can benefit from the following:
- Qualified to work as an independent agent
- You can own your own real estate brokerage firm
- You can have real estate agents working for you
- Have the experience and knowledge to handle more complex and technical deals and parts of a transaction
- You will receive higher commissions
- You can become an associate broker in your current firm
What Do You Need to Become a Broker?
Since September 1, 2012, someone applying for a broker’s license must have at least four years (48 months) of experience as a licensed real estate agent according to the Texas Real Estate Commission (TREC.) Those four years must have taken place within five years (60 months) of the date of application. In addition, you must demonstrate no less than 3,600 points of qualifying practical experience obtained during four out of five years as required by paragraph 535.56(b) of the Rules of the Texas Real Estate Commission.
**If you meet the requirements above, you then need to obtain a total of 900 hours, including 270 hours in CORE courses. The additional 630 hours may be CORE or related courses. A 30-hour Brokerage course must also be completed as part of the 270 CORE hours. A Bachelor’s degree or higher from an accredited college or university satisfies all of the related education requirements for a brokers license.
Courses you need to complete as your CORE education:
Principles Of Real Estate I – Broker (30 Classroom hours)
This course dives into the dynamics of the real estate industry.
These are the topics it explores:
- Introduction to Real Estate
- Real Property
- The Real Estate Market
- Concepts of Home Ownership
- Real Estate Brokerage and the Law of Agency
- Fair Housing Laws and Ethical Practices
- The Real Estate License Act
- Interests in Real Estate
- How Home Ownership is Held
- Legal Descriptions
- Real Estate Taxes and Other Liens
- Real Estate Contracts
- Listing Agreements
Principles Of Real Estate II – Broker (30 Classroom hours)
Topics for this course:
- Real Estate Appraisal
- Real Estate Financing Principles and Practice
- Transfer of Title
- Title Records
- Real Estate Mathematics
- Closing the Real Estate Transaction
- Property Management
- Real Estate Specializations
- Land Use & Green Initiatives
- Real Estate Investment
Promulgated Forms – Broker (30 Classroom Hours)
On this online course, the student will learn about the forms that TREC uses and the right way to fill in the form’s blanks. They will also learn the meaning and purpose of every section of said forms. When you are representing buyers and sellers, this is one of the most important aspects of the process.
This course also provides a clear and practical approach to the purchase agreement, as well as an in-depth analysis of the forms promulgated by the Texas Real Estate Commission. This course is effective and useful for new licensees and seasoned professionals alike.
Real Estate Finance – Broker (30 Classroom Hours)
This course offers in-depth knowledge of the real estate finance industry. It provides a strong guidance to finance and it follows a workbook format. Topics included:
- The Nature and Cycle of Real Estate Finance
- Money and the Monetary System
- Additional Government Influence
- The Secondary Mortgage Market
- Sources of Funds
- Instruments of Real Estate Finance
- Real Estate Financing Programs
- Government Loans
- Processing Real Estate Loans
- Defaults and Foreclosures
Real Estate Marketing – Broker (30 Classroom Hours)
The course on real estate marketing shows students the latest trends and strategies to sell and market real estate. It teaches what is the perfect balance between promotion, place, product, and price when selling property.
Other subjects that are reviewed in this course include market research, data analysis, and market segmentation, to increase students’ efficiency as a salesperson.
Property Management – Broker (30 Classroom Hours)
The property management course includes current information about the overall management of real estate. It deals with the issues that a manager has to meet on a daily basis such as maintenance, accounting, legal activities, administrative problems, and others.
The topics included are:
- Professional Property Management
- Property Management Economics and Planning
- Owner Relations
- Lease Negotiations
- Tenant Relations
- Maintenance and Construction
- Managing the Office and Reports
- Federal and State Laws
- Residential Property
- Specialized Housing
- Office Property
- Retail Property
- Industrial Property
- Risk and Environmental Issues
- Life Safety Issues
Real Estate Investment – Broker (30 Classroom Hours)
This course is an introduction to the real estate market with descriptions of different types of ownership, financing, and income tax laws. You will be introduced to different analyses of types of real estate investments and updated information on the market’s conditions.
Law of Agency – Broker (30 Classroom Hours)
The law of agency course focuses on the specific application pertaining to real estate transactions such as purchase, sale, lease, and rental of property. The material of this course dives into the topics of:
- Disclosure of agency
- Fiduciary and other duties of an agent
- Employment Law
- Deceptive trade practices
- Listing or buying representation procedures
Law of Contracts – Broker (30 Classroom Hours)
This course exposes students to Texas laws, such as:
- Contract laws
- Basic real estate law
- Real estate contracts
- Ownership rights
- Addenda and amendments
- Real estate finance
- Conveyance of title
- Real estate transaction process
- Common contract mistakes
Each course includes access to the material for a set time to complete it — you will find those in the description of each course once you go to purchase. Continuing Education for Licensing also includes the textbooks and physical materials that you will be using during the courses which can be sent via prompt UPS ground shipping. These materials are yours to keep.
Some of these programs allow the students to have contact with some of our dedicated instructors for questions and guidance throughout the course.
Once the students are inducted into the broker’s program, we’ll send out an outline of recommended courses to take and a plan to complete all education requirements. As you complete the assigned courses, the fees will be adjusted to the plan that you are following.
Interested in the Continuing Education pre-licensing courses to become a broker?
Once you are ready to take your exams, make sure to check our exam prep courses. These preparations will allow you to go through randomly generated tests to help you prepare for the big test, in order to receive your broker’s license. Don’t let anxiety and lack of confidence bring you down, with this you’ll ace that test!
If you have any questions about our processes, courses, or anything related to advancing your education, please contact us and we will be happy to assist you!