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.