#real estate austin tx
Austin, Texas 78752-4390
Department of Real Estate Home
Welcome to the homepage of the ACC Real Estate department. From here you can find information on choosing the right course to register for, degree options, career information, faculty profiles, and contact information.
Real Estate is dynamic buying a house or property is one of the most significant financial events in a person’s life. It is such a complex process that most people typically seek help of real estate agents and brokers when selling or buying property.
If you are interested in working in, real estate you should be mature, highly motivated, flexible, organized, and detail oriented. Real Estate agents and brokers need to have a thorough knowledge of the real estate market in their communities. They are familiar with zoning and tax laws and are generally at the center of most real estate transactions.
Free Texas Real Estate Exam Prep course
Texas Real Estate Exam Prep is provided at no cost to those ACC Real Estate students who are preparing to take the state-mandated exam to become Real Estate Licensees in Texas. It is not an official or TREC sanctioned testing mechanism but is meant to significantly increase your preparedness for taking the Proctored Exam given by PSI (Psychological Services, Inc.) in Texas. This course covers both the state and the national portion of the exam. In order for this testing module to be truly effective you should have completed pre-license educational coursework.
Using the test/review process to determine areas of weakness and build a foundation of knowledge, this course includes four separate practice exams. Like the official exam that you will take to gain your license, these exams are comprised of questions dealing with issues applicable nationwide, and with Texas-specific issues. To help you retain the information presented here, these subject areas are presented separately and all questions have feedback to explain the correct answer.
Course Dates and Time
This is a two-session course. Next course dates TBA.
Licensing Requirements and Costs
Texas has only two real estate licenses: a Broker license and a Sales license. If you hold either license you can perform all real estate activities for which a license is required. The difference between the two licenses is that a holder of a sales license can only perform real estate activities under the sponsorship (and supervision) of someone who holds a broker license.
In Texas a person must be at least 18 years of age, a Texas resident, demonstrate integrity, satisfy certain educational requirements, and pass a state examination to receive a license. TREC http://www.trec.state.tx.us/index.asp
A minimum of 180 classroom hours of Real Estate instruction, comprising five mandatory courses, is required to sit for the Texas Real Estate Sales Licensing Exam. Two of these courses are newly required beginning September 1, 2012, applicants for a sales license will need to have completed two mandatory 30-hour courses in addition to the original three: TREC Promulgated Contracts (RELE 1200 – Real Estate Contract Forms and Addenda) and Real Estate Finance (RELE 1219). These courses currently are optional, but will be mandatory after September 1. We will begin offering these new courses in the Fall 2012 schedule. To earn credit you must attend 90% of the class hours and take the required exams.
If you are an in-district student the Principles of Real Estate 1406 course will cost $340.00 in tuition and fees, plus books. The Law of Agency 2201 and Law of Contracts 1211 courses are each $170.00 plus books. The TREC Promulgated Contracts (RELE 1200) and Real Estate Finance (RELE 1219) courses also are $170.00 each plus books. That’s $1020.00 in tuition and fees for the five mandatory courses (plus books). These are the five courses that are required and will give you the knowledge to pass the TREC exam.
Beginning in January 2012, applicants for a broker license will need to have four years of experience as a licensed salesperson, up from the current two year requirement, plus demonstrate practical competency by providing a detailed list of brokerage activities engaged in by the applicant during this same period. This will ensure consumers who deal with brokers and their sponsored salespersons a level of service more solidly backed up by additional practical experience.
Brokers, and other direct supervisors of licensed salespersons, who seek to renew a license after September 1, 2012 will need to have completed a new 6- hour course in “Broker Responsibilities”, in addition to the combined 6-hour courses in Legal and Ethics updates. All of these courses are updated every two years by a panel of experts convened by the Real Estate Center at Texas A