Fact Sheet

Fact #1:

TREC reported in their FY 2018 report that that there were 2,959 Broker Original Applications and 23,931 Sales Agent Original Applications Received.

Fact #2:

FY 2018 Renewals
There were 20,987 Broker Renewals.
There were 48,702 Sales Agent Renewals.

Fact#3:

Agents/Brokers cannot practice real estate once their license expires. Costing the Broker time and money managing the agents business until the agent can be reactivated. Practicing real estate with an expired real estate license is grounds for revocation of the agent and brokers license.

Fact #4:

FY 2018 Agent Counts
Salespersons (Active Status)108,989
Indivdidual Broker (Active Status)32,862
Corp, LLC, & Parnership Broker (Active Status)10,718
Total Acive Licenses in Texas (Active Status)152,569

Fact #5:

Changes in Late CE Penalty Requirements! If Commission records do not show that you have completed your CE at the time you submit your renewal application, you must pay a $200 CE deferral fee, or renew in INACTIVE status. Paying the deferral fee will allow you to continue to be active in real estate activities and allow you an additional 60 days from your expiration date to complete your CE.

Fact #6:

Pay Your Renewal Fee and File Early – To renew your license timely you must have your Continuing Education (CE) completed and posted to your record at the time the renewal fee is paid. The renewal fee must be paid within 90 days of the license expiration date. Effective January 1, 2015, if Commission records do not show that you have completed your CE at the time you submit your renewal application, you must pay a $200 CE deferral fee, or renew in INACTIVE status. Paying the deferral fee will allow you to continue to be active in real estate activities and give you an additional 60 days from your expiratoin date to complete your CE.