[THIS PAGE NOT FOR PUBLICATION IN THE CODE OF COLORADO REGULATIONS]

DEPARTMENT OF REGULATORY AGENCIES

DIVISION OF REAL ESTATE

REAL ESTATE BROKERS

4 CCR 725-1

CONTINUING EDUCATION
Pursuant to and in compliance with Title 12, Article 61 and Title 24, Article 4, C.R.S. as amended, notice of proposed rulemaking is hereby given, including notice to the Attorney General of the State of Colorado, and to all persons who have requested to be advised of the intention of the Colorado Real Estate Commission to promulgate rules.

Section 1.	Authority
Section 2.	Scope and Purpose
Section 3.	Applicability
Section 4.	B. Continuing Education
Section 5. 	Effective Date 
Section 1.	Authority
The statutory basis for this rule, entitled Continuing Education, is § 12-61-110.5, C.R.S.
Section 2.	Scope and Purpose
Pursuant to §12-61-110.5, C.R.S. commencing January 1, 1992, except as otherwise provided in § 12-61-110.5(4), C.R.S. a real estate broker applying for renewal of a license pursuant to § 12-61-110(4), C.R.S. shall include with such application a certified statement verifying successful completion of their continuing education requirements.   A real estate broker must complete 24 credit hours of continuing education coursework prior to applying to renew an active license, to activate an inactive license or to reinstate an expired license to active status.  
On April 17, 2008, Governor Ritter signed into law new continuing education requirements for real estate brokers.  Pursuant to the recently revised statutes, effective April 17, 2008, real estate brokers must complete 12 hours of the Annual Commission Update course and 12 hours of elective coursework within three years prior to applying to renew an active license, activate an inactive license or reinstate an expired license to active status.
Section 3.	Applicability
The provisions of this section shall be applicable to all licensed real estate brokers who are applying to renew an active license, to activate an inactive license or to reinstate an expired license to active status. 
Section 4.	B. Continuing Education

B-2        Repeal (a)  Completing the eight hours required by C.R.S. 12-61-110.5 (1) (c) and (2) required by this rule in annual 4-hour increments developed by the Commission and called the “Annual Commission Update”  course. Licensees choosing this option must complete an additional 16 hours of elective credit hours to meet the 24-hour total continuing education requirement during the license period in subject areas listed in C.R.S. 12-61-110.5 (3).   Eff 05/30/2006

B-2        Adopt    (a)   Completing the twelve hours required by C.R.S. 12-61-110.5 (1) (c) and (2) required by this rule in annual 4-hour increments developed by the Commission and called the “Annual Commission Update”  course. Licensees choosing this option must complete an additional 12 hours of elective credit hours to meet the 24-hour total continuing education requirement during the license period in subject areas listed in C.R.S. 12-61-110.5(3).  

B-2       Repeal   (b) Beginning April 1, 2006 each licensee must take the 4-hour Annual Commission Update course twice during each license period. A licensee may not take the same version of the Annual Update Course more than once during each license period. If the Annual Commission Update course is taken three times during a license period, the licensee will receive elective credit hours for the third course.   Eff 05/30/2006

B-2        Adopt   (b)  A licensee may not take the same version of the Annual Update Course more than once during each license period. If a licensed broker takes more than 12 hours of the Annual Commission Update course during a license period, the licensee will receive elective credit hours for any additional hours. 
	
B-2       Adopt     (e) Passing the Colorado state portion of the licensing exam.   
B-2      Adopt     (f) Completing 72 total hours of pre-licensure education concerning the understanding and preparation of Colorado real estate contracts (48 hours) and real estate closings (24 hours) during the license period.  The courses and course providers are required to comply with the requirements as described at § 12-61-103(4)(a), C.R.S.

[THIS PAGE NOT FOR PUBLICATION IN THE CODE OF COLORADO REGULATIONS]
Section 5.	Effective Date
This permanent rule shall be effective October 30, 2008.