Contract Competence in Texas
As a Texas real estate license holder, competence is incumbent on you, whether it’s geographical competence, property type competence, or competence within your niche. Every transaction, no matter where the property is located, what type of property is being transferred, or what market segment is being served, involves contracts. You might say contractual competence is at the top of your competency pyramid. The view from up here can be daunting if you don’t know what you’re doing. But after this course you will. You’ll have command of promulgated forms, contract rule and laws, contract formation, deadlines and contingencies.
Course highlights include:
- How the Texas License Act applies to contracts
- License holder duties related to promulgated forms
- How to avoid the unauthorized practice of law
- Essential elements for a binding contract
- How and when oral negotiation is appropriate
- How to handle document irregularities
- How to avoid common contract mistakes
- Deadlines and the difference between time is of the essence and "reasonable time"
- Common contract contingencies and their role in the real estate transaction
State Requirements For Texas
Texas State Requirement Details for Real Estate Continuing Education
Renewal Date: Every two years by the end of the month in which the license was initially issued
Hours Required: 18 hours
- 4 hours – Legal Update I: Laws, Rules and Forms
- 4 hours – Legal Update II: Agency, Ethics, and Hot Topics
- 3 hours - Contracts-related course
- 7 hours – Electives
Note: If you are a supervising agent, have sponsored one or more sales agents, served as the designated broker for a business entity broker that sponsors sales agents, or have been made a supervisor of other license holders, you will need to complete the 6-hour broker responsibility course as part of your required 18 hours of CE.
TEXAS REAL ESTATE REGULATORY AGENCY:
Texas Real Estate Commission
Street Address: Stephen F. Austin Building, 1700 N. Congress Ave., Suite 400, Austin, TX 78701
Mailing Address: P.O. Box 12188 Austin, TX 78711-2188
Telephone: 512-936-3000
Texas Real Estate Commission Website
Salesperson License Renewal Website