(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.

Terms Used In Texas Occupations Code 1103.204

  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Property: means real and personal property. See Texas Government Code 311.005
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(c) The board shall give an applicant for a certificate or license credit toward fulfilling the requirements of § 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.

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