Real Estate Majors—
Effective September 1, 2012, the requirements to take the Texas real estate sales license examination administered by the Texas Real Estate Commission (TREC) will change. Under the new requirements an applicant will have to have completed at least 12 semester hours, or equivalent classroom hours, of postsecondary education consisting of the following:
1) at least 4 semester hours of core real estate courses on principles of real estate; and
2) at least 2 semester hours of each of the following core real estate courses:
a) agency law;
b) contract law;
c) contract forms and addendums; and
d) real estate finance.
So what does this mean for Baylor real estate students? Simply put, satisfactory completion of FIN 3405 (Principles of Real Estate) and FIN 4220/4221 (Real Estate Law of Agency and Contracts) will satisfy 8 hours of the new 12-hour requirement mandated by TREC. Additionally, FIN 4340 (Real Estate Finance), a 3-hour course, will satisfy TREC’s requirement for a 2-hour course in real estate finance. Baylor does not offer a course in real estate contract forms and addendums, so that requirement will have to be met through a 2-hour course from an outside provider. (NOTE: Students may continue to take the sales license exam under current TREC requirements provided that they apply prior to September 1, 2012.)
For more information, please see Dr. Charles Delaney or Dr. L.M. Dyson.