TREC LEGAL & ETHICS MCE 2012-2013

This MCE package fulfills the 6-hours of legal & ethics MCE required by the Texas Real Estate Commission (TREC) to maintain an active Texas real estate license.

Texas real estate licensees face a changing and increasingly competitive marketplace in which quick accurate decisions make the difference in cultivating successful transactions. This package covers the recent changes to the TREC License Act and explains how these legislative changes will impact the real estate practice. It also delivers up-to-date information and specific direction concerning hot topic issues such as how title companies are selected, changes to homeowners association regulations,dispute resolution, the fair credit reporting act’s effect on property managers and more. Not only will you gain a deeper understanding of these concerning issues, you’ll learn about the proper ethical procedures to manage them.

Topics include:

• Choosing a title company
• Changes to homeowners association regulations
• Changes to the 1-4 Family Contract
• Joint tenancy and tenants in common
• Executory contracts
• The Fair Credit Reporting Act and property managers
• The HUD interpretive rule on residential service
• The 5 canons of ethics
• Agency relationships
• Contract issues
• Property defect disclosures
• Identifying misleading advertising
• Dispute resolution
• Section 535 changes
• Property management

Credits: 6hrs Legal Tuition: $59