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Texas Statutes (Last Updated: January 4, 2014) |
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OCCUPATIONS CODE |
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Title 7. PRACTICES AND PROFESSIONS RELATED TO REAL PROPERTY AND HOUSING |
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Subtitle A. PROFESSIONS RELATED TO REAL ESTATE |
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Chapter 1103. REAL ESTATE APPRAISERS |
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Subchapter E. CERTIFICATE AND LICENSE REQUIREMENTS |
Sec. 1103.204. FULFILLMENT OF EDUCATION REQUIREMENTS
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(a) In this section, "real estate-related financial transaction" means a transaction involving:
(1) selling, leasing, purchasing, exchanging, investing in, or financing real property or an interest in real property;
(2) refinancing real property or an interest in real property; or
(3) using real property or an interest in real property as security for a loan or investment, including a mortgage-backed security.
(b) This chapter does not limit the amount of time in which an applicant for a certificate or license is required to satisfy the education requirements under this subchapter.
(c) The board shall give an applicant for a certificate or license credit toward fulfilling the requirements of Sections 1103.202(2) and 1103.203(2) for classroom hours taken in the course of becoming licensed as a real estate broker or salesperson or for professional development or continuing education courses taken, whether the classroom hours or courses are taken by a person as a real estate broker or salesperson or as an employee of a financial institution engaged in real estate-related financial transactions, if the classroom hours or courses satisfy the requirements established by the guidelines recognized by the Appraiser Qualifications Board.