| 2002 AREC POST-LICENSURE REQUIREMENTS | |
| The following regulations were amended to implement changes to the license law and proposals from the real estate industry. These changes will be effective January 1, 2002. | |
| Regulation 4.1 | |
| Regulation 4.1 was amended as a result of ACT 748 of 2001, which authorized the Commission to establish a Post-License education program beginning January 1, 2002. The 90-classroom hour broker pre-license education requirement, which included a 30-classroom hour broker course requirement, was changed to 60-classroom hours. The 30-classroom hour broker course will be required as post license education beginning January 1, 2002. | |
| Regulation 11.5 | |
| Regulation 11.5 is a new regulation, which
was drafted to establish the post-license education requirement pursuant
to ACT 748 of 2001. This regulation requires new salespersons to
complete an 18-classroom hour salesperson course and new brokers to
complete a 30-classroom hour broker course within one (1) year of
initial licensure. If the post-license education is not completed
within the first year, the license will be placed on inactive status
until the post-license education requirement is completed. No
broker who is initially licensed after January 1, 2002 can be designated
as a Principal or Executive Broker until the broker post-license
requirement is completed.
These changes will be incorporated into a new license law and regulation booklet that will be available the first of the year. To return to CE Schedule page click here. |
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