Legal Update I (2024-2025)

Legal Update I (2024-2025)

Required CE – 4 Hours – TREC Approval Number #47600


TREC Legal Update I is the first of two required Legal Update courses for all real estate licensees. Brand new for 2024, this course will bring you up to date with the latest TREC Rules, Updates, and Legislative Changes, Promulgated Contract Forms and Addenda, Introduction to Fair Housing, and Fair Housing: Do’s and Don’ts, Property Management. We know while taking the class, you will see numerous issues that maybe were industry norms for a long time that are now not only wrong but illegal. Keep your self up to date with this great class.

Course Chapters:

  • Chapter 1 – TREC Rules, Updates, and Legislative Changes
    • Who Makes the Rules?
    • TREC Advisory Committees
    • Chart: The Life Cycle of a TREC Rule
    • Ad Hoc Working Group Examines the Unauthorized Practice of Law
    • TREC Rule Change Highlights: Quadrennial Rule Review Changes
    • “Hello, Is Anyone There?” New Rule Addresses Sales Agents and Broker Response Times
    • Broker Responsibility Rule Changes
    • Chart: Best Practice Tips for Brokers and Sales Agents
    • TREC Rule Changes Related to Late Renewals and Reinstatements
    • Chart: License Expire Process
    • 88th Texas Legislature: What License Holders Need to Know
  • Chapter 2 – Promulgated Contract Forms and Addenda
    • Broker-Lawyer Committee and TREC Contract Forms
    • Mandatory Versus Voluntary Use of TREC Contract Forms
    • Get to Know Your Redlines
    • TREC Contract Form Changes Highlights
    • Adopted Changes to the Farm and Ranch Contract Form
    • Adopted Changes to the Residential Condominium Contract (Resale) Form
    • Adopted Changes to the Amendment to Contract Form
    • Adopted Changes to the Seller Financing Addendum Form
    • Adopted Changes to the Addendum for Property Subject to Mandatory Membership in a Property Owners Association Form
    • Adopted Changes to the Third Party Financing Addendum Form
    • Adopted Changes to the Addendum Regarding Residential Leases and Addendum Regarding Fixture Leases Forms
    • Adopted Changes to the Loan Assumption Addendum Form
    • Adopted Changes to the Reservation of Oil, Gas, and Other Minerals Form
  • Chapter 3 – Introduction to Fair Housing
    • Why Do Fair Housing Rules Exist?
    • History of Civil Rights Laws Impacting Real Estate
    • Why Does Fair Housing Matter for You?
    • Fair Housing Complaint Trends
    • Fair Housing Investigations
    • Exceptions to the Fair Housing Act
    • TREC Rules Related to Discriminatory Practices
    • National Association of Realtors (NAR)
    • Code of Ethics and Standards of Practice
    • What is Bias and Why Does it Matter in Real Estate?
    • What is Steering When Showing Properties?
    • Appraisal Bias
    • Texas State Agencies Partner to Address Appraisal Bias, Fair Housing Violations
    • Appraiser Awareness: TALCB Gets Tips on Discriminatory Language
    • Fair Housing Executive Order 13988 – Protection Against Sexual Orientation and Gender Identity
  • Chapter 4 –Fair Housing: Do’s and Don’ts, Property Management
    • Fair Housing Advertising and Marketing Prohibitions
    • Fair Housing Don’ts
    • Fair Housing Best Practices
    • The Fair Housing Poster
    • Resources for Fair Housing Information
    • Fair Housing and Rental Properties
    • Fair Housing and Disability Rights
    • Activity: What Would You Do? Fair Housing Edition
    • Assistance Animal Requests
    • Laws Related to Fair Housing From the 88th Texas Legislature
    • Appendix A – Redlined Promulgated Forms and Addenda
    • Appendix B – Loan Assumption Addendum
    • Appendix C – Memorandum from HUD
    • Appendix D – Fair Housing Poster
    • Appendix E – Fair Housing Resources

Let Us Know When You Would Like a Class!