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PDF3605 | TREC | 93 Pages | See PDF36051 Glossary for Additional Material |
Table of Contents
1. Introduction Digital pg. 1-2
LESSON 1: INTRODUCTION TO PROPERTY MANAGEMENT ....................................... 5
LESSON TOPICS ................................................................................................................... 5
LESSON LEARNING OBJECTIVES ............................................................................................. 6
INTRODUCTION show more ................................................................................................................... 6
HISTORY AND PURPOSE OF PROFESSIONAL PROPERTY MANAGEMENT ....................................... 6
REAL ESTATE ECONOMICS AND PROPERTY MANAGEMENT ........................................................ 10
PROPERTIES THAT BENEFIT FROM PROFESSIONAL MANAGEMENT ............................................ 13
LESSON SUMMARY ............................................................................................................ 16
LESSON 2: MANAGEMENTS PLANS AND MANAGEMENTS AGREEMENTS .............. 18
LESSON TOPICS ................................................................................................................. 18
LESSON LEARNING OBJECTIVES ........................................................................................... 19
INTRODUCTION ................................................................................................................. 19
THE MANAGER-OWNER RELATIONSHIP ................................................................................ 19
CREATING A MANAGEMENT PLAN........................................................................................ 21
WRITING MANAGEMENT AGREEMENTS AND REPORTS............................................................ 34
LESSON SUMMARY ............................................................................................................ 37
LESSON 3: A PROPERTY MANAGER’S TYPICAL DUTIES ............................................. 39
LESSON TOPICS ................................................................................................................. 39
LESSON LEARNING OBJECTIVES ........................................................................................... 40
INTRODUCTION ................................................................................................................. 40
MARKETING A PROPERTY .................................................................................................... 41
MAINTAINING A PROPERTY AND ITS FINANCES ...................................................................... 43
EMPLOYING MANAGEMENT AND MAINTENANCE STAFF .......................................................... 47
MANAGING ENVIRONMENTAL HAZARDS ............................................................................... 47
RISK MANAGEMENT ........................................................................................................... 50
BUSINESS INTERRUPTION INSURANCE .................................................................................. 52
LIABILITY INSURANCE ......................................................................................................... 54
LESSON SUMMARY ............................................................................................................ 54
LESSON 4: INTERACTING WITH TENANTS .................................................................. 55
LESSON TOPICS ................................................................................................................. 55
LESSON LEARNING OBJECTIVES ........................................................................................... 56
INTRODUCTION ................................................................................................................. 56
SCREENING TENANTS ......................................................................................................... 57
MANAGING TENANT RELATIONSHIPS ................................................................................... 58
SECURITY DEPOSITS AND RENT COLLECTION ........................................................................ 59
HOW AND WHY PROPERTY MANAGERS EVICT TENANTS ......................................................... 60
RESIDENTIAL PROPERTY AND FAIR HOUSING LAWS ................................................................ 61
LESSON SUMMARY ............................................................................................................ 63
LESSON 5: LEASES ........................................................................................................ 65
LESSON TOPICS ................................................................................................................. 65
LESSON LEARNING OBJECTIVES ........................................................................................... 66
INTRODUCTION ................................................................................................................. 66
TYPES OF TENANCIES AND LEASES ....................................................................................... 67
PRORATION ...................................................................................................................... 73
ASSIGNMENTS AND SUBLEASES ........................................................................................... 73
BREACH OF A LEASE CONTRACT .......................................................................................... 74
TERMINATING A LEASE ....................................................................................................... 76
LESSON SUMMARY ............................................................................................................ 79
LESSON 6: REAL ESTATE PRACTICE............................................................................. 82
LESSON TOPICS ................................................................................................................. 82
LESSON LEARNING OBJECTIVES ........................................................................................... 83
INTRODUCTION ................................................................................................................. 83
INSIGHT INTO PROPERTY MANAGEMENT: QUESTIONS AND ANSWERS ...................................... 83
CASE STUDIES ................................................................................................................... 87
RESIDENTIAL ADVERTISING ................................................................................................. 91
LESSON SUMMARY ............................................................................................................ 93
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Table of Contents
1. Introduction Digital pg. 1-2
LESSON 1: INTRODUCTION TO PROPERTY MANAGEMENT ....................................... 5
LESSON TOPICS ................................................................................................................... 5
LESSON LEARNING OBJECTIVES ............................................................................................. 6
INTRODUCTION show more ................................................................................................................... 6
HISTORY AND PURPOSE OF PROFESSIONAL PROPERTY MANAGEMENT ....................................... 6
REAL ESTATE ECONOMICS AND PROPERTY MANAGEMENT ........................................................ 10
PROPERTIES THAT BENEFIT FROM PROFESSIONAL MANAGEMENT ............................................ 13
LESSON SUMMARY ............................................................................................................ 16
LESSON 2: MANAGEMENTS PLANS AND MANAGEMENTS AGREEMENTS .............. 18
LESSON TOPICS ................................................................................................................. 18
LESSON LEARNING OBJECTIVES ........................................................................................... 19
INTRODUCTION ................................................................................................................. 19
THE MANAGER-OWNER RELATIONSHIP ................................................................................ 19
CREATING A MANAGEMENT PLAN........................................................................................ 21
WRITING MANAGEMENT AGREEMENTS AND REPORTS............................................................ 34
LESSON SUMMARY ............................................................................................................ 37
LESSON 3: A PROPERTY MANAGER’S TYPICAL DUTIES ............................................. 39
LESSON TOPICS ................................................................................................................. 39
LESSON LEARNING OBJECTIVES ........................................................................................... 40
INTRODUCTION ................................................................................................................. 40
MARKETING A PROPERTY .................................................................................................... 41
MAINTAINING A PROPERTY AND ITS FINANCES ...................................................................... 43
EMPLOYING MANAGEMENT AND MAINTENANCE STAFF .......................................................... 47
MANAGING ENVIRONMENTAL HAZARDS ............................................................................... 47
RISK MANAGEMENT ........................................................................................................... 50
BUSINESS INTERRUPTION INSURANCE .................................................................................. 52
LIABILITY INSURANCE ......................................................................................................... 54
LESSON SUMMARY ............................................................................................................ 54
LESSON 4: INTERACTING WITH TENANTS .................................................................. 55
LESSON TOPICS ................................................................................................................. 55
LESSON LEARNING OBJECTIVES ........................................................................................... 56
INTRODUCTION ................................................................................................................. 56
SCREENING TENANTS ......................................................................................................... 57
MANAGING TENANT RELATIONSHIPS ................................................................................... 58
SECURITY DEPOSITS AND RENT COLLECTION ........................................................................ 59
HOW AND WHY PROPERTY MANAGERS EVICT TENANTS ......................................................... 60
RESIDENTIAL PROPERTY AND FAIR HOUSING LAWS ................................................................ 61
LESSON SUMMARY ............................................................................................................ 63
LESSON 5: LEASES ........................................................................................................ 65
LESSON TOPICS ................................................................................................................. 65
LESSON LEARNING OBJECTIVES ........................................................................................... 66
INTRODUCTION ................................................................................................................. 66
TYPES OF TENANCIES AND LEASES ....................................................................................... 67
PRORATION ...................................................................................................................... 73
ASSIGNMENTS AND SUBLEASES ........................................................................................... 73
BREACH OF A LEASE CONTRACT .......................................................................................... 74
TERMINATING A LEASE ....................................................................................................... 76
LESSON SUMMARY ............................................................................................................ 79
LESSON 6: REAL ESTATE PRACTICE............................................................................. 82
LESSON TOPICS ................................................................................................................. 82
LESSON LEARNING OBJECTIVES ........................................................................................... 83
INTRODUCTION ................................................................................................................. 83
INSIGHT INTO PROPERTY MANAGEMENT: QUESTIONS AND ANSWERS ...................................... 83
CASE STUDIES ................................................................................................................... 87
RESIDENTIAL ADVERTISING ................................................................................................. 91
LESSON SUMMARY ............................................................................................................ 93
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PDF3604 | 51 Pages | Adobe Portable Document File (PDF) |
Table of Contents
1. Introduction Digital pg. 1
Chapter 1: Ethics Requirements
2. Learning Objectives Digital pg. 2
3. Ethics Requirements for Real Estate Professionals Digital pg. 3-6
4. Unrepresented Buyers Digital pg. 7
Chapter 2: Agency
5. Learning Objectives pg. 8
6. Residential Rental Locators Digital pg. 9
7. Seller Term Requirement Sheets or Seller Offer Guidelines Digital pg. 10
8. Intermediary Refresher INtermediary Means "Enter show more the Middle" Digital pg. 11-14
9. Recent TREC Cases Agency Violations Digital pg. 15-19
10. Recent TREC Cases Rebate Violations Digital pg. 20-21
Chapter 3: Advertising Issues
11. Objectives Digital pg. 22
12. §535.155 – Advertisements Digital pg. 23
13. Copyright Infringement Digital pg. 24-25
Chapter 4: Title Issues and Closing
14. Objectives Digital pg. 26
15. Closing LLCs pg. 27-28
16. Closing Trusts Digital pg. 29-30
17. T-47 Misconceptions Digital pg. 31
18. Back-Up and Second Contracts Digital pg. 32-33
19. Escrow Requests to Avoid Digital pg. 34-35
20. FIRPTA Best Practices Digital pg. 36-37
Chapter 5: RESPA Compliance
21. Objectives Digital pg. 38
22. Rule P-53 Digital pg. 39-40
23. Marketing Service Agreements Digital pg. 41-44
Chapter 6: Inspector and Lender Relationships and Duties in the Real Estate Transaction
24. Objectives Digital pg. 45-46
25. Inspector FAQ’s Digital pg. 47-49
26. Lender Relationships and Duties Digital pg. 50-51 show less
Table of Contents
1. Introduction Digital pg. 1
Chapter 1: Ethics Requirements
2. Learning Objectives Digital pg. 2
3. Ethics Requirements for Real Estate Professionals Digital pg. 3-6
4. Unrepresented Buyers Digital pg. 7
Chapter 2: Agency
5. Learning Objectives pg. 8
6. Residential Rental Locators Digital pg. 9
7. Seller Term Requirement Sheets or Seller Offer Guidelines Digital pg. 10
8. Intermediary Refresher INtermediary Means "Enter show more the Middle" Digital pg. 11-14
9. Recent TREC Cases Agency Violations Digital pg. 15-19
10. Recent TREC Cases Rebate Violations Digital pg. 20-21
Chapter 3: Advertising Issues
11. Objectives Digital pg. 22
12. §535.155 – Advertisements Digital pg. 23
13. Copyright Infringement Digital pg. 24-25
Chapter 4: Title Issues and Closing
14. Objectives Digital pg. 26
15. Closing LLCs pg. 27-28
16. Closing Trusts Digital pg. 29-30
17. T-47 Misconceptions Digital pg. 31
18. Back-Up and Second Contracts Digital pg. 32-33
19. Escrow Requests to Avoid Digital pg. 34-35
20. FIRPTA Best Practices Digital pg. 36-37
Chapter 5: RESPA Compliance
21. Objectives Digital pg. 38
22. Rule P-53 Digital pg. 39-40
23. Marketing Service Agreements Digital pg. 41-44
Chapter 6: Inspector and Lender Relationships and Duties in the Real Estate Transaction
24. Objectives Digital pg. 45-46
25. Inspector FAQ’s Digital pg. 47-49
26. Lender Relationships and Duties Digital pg. 50-51 show less
TREC Legal Update II: Appendix A - RULE §535.148, RECEIVING AN UNDISCLOSED COMMISSION OR REBATE (Proposed rule expected to be approved at August 2019 commission meeting.) Appendix B - RESPA DO’S AND DON'T'S FOR COMARKETING, SOCIAL MEDIA, & OTHER WEB-BASED MARKETING TOOLS | Appendix C - HELPFUL LINKS by 360training.com
PDF3604 | ADOPTED RULE ACTION FROM THE AUGUST 12, 2019, MEETING OF THE COMMISSION CHAPTER 535 GENERAL PROVISIONS Subchapter N. Suspension and Revocation of Licensure §535.148. Receiving an Undisclosed Commission or Rebate | 5 Digital Pages |
Appendix A Digital pg. 1-2
Appendix B Digital pg. 3-4
Appendix C Digital pg. 5
Appendix A Digital pg. 1-2
Appendix B Digital pg. 3-4
Appendix C Digital pg. 5
TREC Legal Update I: Statutory Changes to Texas Real Estate License Act (Chapter 1101, Texas Occupations Code) and TREC Rule Updates by 360training.com
PDF3603 | Texas Real Estate MCE |
1. Understand the changes to the Texas Occupations Code (TOC) Chapter 1101 as a result of TREC’s 2019 Sunset Review.
2. Identify changes to TREC Rules §535.2, Broker Responsibility, and §535.148, Receiving an Undisclosed Commission or Rebate.
3. Give one example of how a license holder can be involved in the rule-making process.
4. Administer Chapters 1101-1102,
5. Adopt and enforce rules necessary to administer those chapters, and
6. Establish standards of show more conduct and ethics for all persons licensed under Chapters 1101-1102.
Table of Contents for Chapter 1
1. Introduction Digital pg. 1-2
2. Sunset Review Digital pg. 3
3. Key TREC Rules Updates Digital pg. 4-7
4. Licensing Related Bills Passed by the 2019 Texas Legislative Session Digital pg. 8-10
Chapter 2
1. Learning Objectives Digital pg. 11
2. Statutory Changes Digital pg. 12
3. Selecting the Seller's Disclosure Notice Digital pg. 12
4. Legal Cases Presented Digital pg. 13
5. Inspection Reports: Sellers and Future Buyers Digital pg. 14-15
6. When is a Seller’s Disclosure Notice NOT required? Digital pg. 16
Chapter 3
1. Learning Objectives Digital pg. 17
2. What is my level of flood risk? Digital pg. 18
3. Municipal Utility Districts Digital pg. 19-22
4. Hydrostatic Testing Digital pg. 23-25
Chapter 4 Contract Issues
1. Learning Objectives Digital pg. 26
2. Changes to Promulgated Forms Digital pg. 27
3. On to Four Family Residential Contract (Resale) Digital pg. 28-30
4. Paragraph 6 Digital pg. 31-34
5. Effective Date Digital pg. 35
6. Option Money Digital pg. 36-37
Chapter 5 Unauthorized Practice of Law
1. Learning Objectives Digital pg. 38
2. Examples Digital pg. 39-41
3. Unauthorized Practice of Law Examples from Recent TREC Cases Digital pg. 42-44
Chapter 6: Property Management
1. Learning Objectives Digital pg. 45
2. Use of Criminal History Digital pg. 46
3. Protecting Tenants at Foreclosure Act Reinstated Digital pg. 47
4. Consumer Reports Digital pg. 47
Chapter 7: Security Issues
1. Learning Objectives Digital pg. 52
2. In-Home Surveillance Digital pg. 53
3. Cyber Fraud Digital pg. 55
4. Case Study 2 Follow the Rules Digital pg. 56-59
5. How Do You Protect Yourself? Digital pg. 59
6. In Closing Digital pg. 60
Links to Appendix material. show less
1. Understand the changes to the Texas Occupations Code (TOC) Chapter 1101 as a result of TREC’s 2019 Sunset Review.
2. Identify changes to TREC Rules §535.2, Broker Responsibility, and §535.148, Receiving an Undisclosed Commission or Rebate.
3. Give one example of how a license holder can be involved in the rule-making process.
4. Administer Chapters 1101-1102,
5. Adopt and enforce rules necessary to administer those chapters, and
6. Establish standards of show more conduct and ethics for all persons licensed under Chapters 1101-1102.
Table of Contents for Chapter 1
1. Introduction Digital pg. 1-2
2. Sunset Review Digital pg. 3
3. Key TREC Rules Updates Digital pg. 4-7
4. Licensing Related Bills Passed by the 2019 Texas Legislative Session Digital pg. 8-10
Chapter 2
1. Learning Objectives Digital pg. 11
2. Statutory Changes Digital pg. 12
3. Selecting the Seller's Disclosure Notice Digital pg. 12
4. Legal Cases Presented Digital pg. 13
5. Inspection Reports: Sellers and Future Buyers Digital pg. 14-15
6. When is a Seller’s Disclosure Notice NOT required? Digital pg. 16
Chapter 3
1. Learning Objectives Digital pg. 17
2. What is my level of flood risk? Digital pg. 18
3. Municipal Utility Districts Digital pg. 19-22
4. Hydrostatic Testing Digital pg. 23-25
Chapter 4 Contract Issues
1. Learning Objectives Digital pg. 26
2. Changes to Promulgated Forms Digital pg. 27
3. On to Four Family Residential Contract (Resale) Digital pg. 28-30
4. Paragraph 6 Digital pg. 31-34
5. Effective Date Digital pg. 35
6. Option Money Digital pg. 36-37
Chapter 5 Unauthorized Practice of Law
1. Learning Objectives Digital pg. 38
2. Examples Digital pg. 39-41
3. Unauthorized Practice of Law Examples from Recent TREC Cases Digital pg. 42-44
Chapter 6: Property Management
1. Learning Objectives Digital pg. 45
2. Use of Criminal History Digital pg. 46
3. Protecting Tenants at Foreclosure Act Reinstated Digital pg. 47
4. Consumer Reports Digital pg. 47
Chapter 7: Security Issues
1. Learning Objectives Digital pg. 52
2. In-Home Surveillance Digital pg. 53
3. Cyber Fraud Digital pg. 55
4. Case Study 2 Follow the Rules Digital pg. 56-59
5. How Do You Protect Yourself? Digital pg. 59
6. In Closing Digital pg. 60
Links to Appendix material. show less
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