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2007 SESSION

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HB 2064 Salespersons & brokers; Real Estate Board to adopt regulations establishing educational requirement.

Introduced by: M. Kirkland Cox | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Department of Professional and Occupational Regulation; Real Estate Board; educational requirements for salespersons and brokers.  Increases from 16 to 24 the number of continuing education hours that must be completed by a broker during a two-year license term. The bill also (i) requires a minimum of three hours of continuing education for salespersons and brokers to be on ethics and standards of conduct, (ii) provides a breakdown of the continuing education curriculum, (iii) changes from two years to one year the time in which a new licensee must complete the Board's 30-hour educational curriculum, and (iv) provides for the Board to develop regulations for ensuring the quality of real estate education and the requirements for proof of identity for applicants taking the principles of real estate examination.  The bill has a delayed effective date of July 1, 2008, for the additional educational requirements for real estate salespersons and the increased number of hours of continuing education required of real estate brokers.


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