As a service member, veteran, or spouse of a service member, you may be entitled to specific benefits when it comes to your Texas real estate license. The TREC or Texas Real Estate Commission values military service and has created this page to help explain the benefits they offer to veteran military service members.
Benefits are extended to veterans, service members, and spouses applying for a Texas real estate license. The process can be expedited and you can gain assistance in applying for your license with the TREC if you hold a current license from another state or you have held a real estate license in Texas in the past five years.
Military Experience Counts
In some circumstances, your military experience and training may count towards the requirements of a Texas real estate license. If you have any experience or training comparable to the necessary education needed to obtain your license, you may receive credit. Not only can this help you get your license faster, but it can also help you avoid paying unnecessary fees.
Veteran-Owned Business Benefits
Along with the benefits provided to veterans from the TREC, the State of Texas also offers specific benefits to new veteran-owned businesses. As long as the business is 100% veteran-owned by honorably discharged veterans, you can avoid paying certain filing fees and the Texas franchise tax for the first five years you’re in operation. UPDATE: This benefit is no longer available for businesses formed after January 1, 2020 but if you formed a business between January 1, 2016 and January 1, 2020 and didn’t take advantage of the benefit, you may be able to receive a refund. Follow the link for more information.
This benefit pairs well with the Elite Agent LLC Sponsorship program as it allows your company to become a brokerage.
Becoming a Military Relocation Pro
As a veteran going into real estate, you may be inclined to become a Military Relocation Pro. This certification allows you to work with current and former military service members when they need to find new housing due to relocation. Your unique military service may be helpful in providing support and guidance for others going through the process you may have gone through during your time in the military.
The MRP certification is available for licensed REALTORS and you can find out more about it on their website here.
While there isn’t a special military real estate license in Texas, they are several great benefits for service members, veterans, and spouses. If you’re planning to get your real estate license, reinstating your license, or moving your license from another state, make sure you take advantage of the many benefits provided specifically for veterans.
