Section 1103.204 - Fulfillment of Education Requirements(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 Section 1103.202(2) for classroom hours taken in the course of becoming licensed as a real estate broker or sales agent 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 sales agent 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.Tex. Occ. Code § 1103.204
Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 950,Sec. 24, eff. 1/1/2016.Amended By Acts 2005, 79th Leg., Ch. 703, Sec. 8, eff. 9/1/2005.Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. 6/1/2003.