[THIS PAGE NOT FOR PUBLICATION IN THE CODE OF COLORADO REGULATIONS]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

B-2 METHODS OF COMPLETING 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 (the “Commission”) to promulgate rules, or to amend, repeal or repeal and re-enact the present rules of the Commission.

Section 1.	Authority
Section 2.	Scope and Purpose
Section 3.	Applicability
Section 4.	B-2 Methods of Completing Continuing Education

Section 1.	Authority
 
The statutory basis for the adoption of these rules regarding real estate brokers and salespersons is in Parts 1 and 8 of Title 12, Article 61, C.R.S. The specific rulemaking provisions contained therein are sections 12-61-114.5 and 12-61-803(4), C.R.S.

Section 2.	Scope and Purpose

The purpose of this rule is to amend rule B-2 regarding methods of completing continuing education.
Section 3.	Applicability
The provisions of this section shall be applicable to real estate brokers. 

Section 4.	B-2 Methods of Completing Continuing Education

Licensed brokers must satisfy the continuing education requirement before they apply to renew an active license, activate an inactive license, or reinstate an expired license to active status. Licensed brokers may satisfy the entire continuing education requirement through one of the following options:
(a) Complete the twelve hours required by section 12-61-110.5(1)(c), C.R.S., and required by this rule in annual 4-hour increments developed by the Commission, otherwise referred to as the "Annual Commission Update Course.” Licensees who choose 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 section 12-61-110.5(3), C.R.S. Please note that a licensee may not take the same version of the Annual Commission Update Course more than once. 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) Complete the Commission approved 24-hour “Broker Reactivation Course.” This option is available to licensees under one of the following conditions:
(1)	Licensee is currently active and did not use the Broker Reactivation Course to satisfy the Rule B-2(a) requirements in the previous license year 
(2)	Licensee is inactive or expired for up to thirty-six months prior to activating an inactive license or reinstating an expired license to active status and unable to comply with the education requirements listed in Rule B-2(a).  

(c) Pass the Colorado state portion of the licensing exam.

(d) Complete 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). The courses and course providers are required to comply with the requirements as described at section 12-61-103(4)(a), C.R.S. Any inactive or expired licensees who cannot meet the education requirements listed in Section 4(a), (b), or (c), must comply with the education requirements found in Section 4(d) before activation or reinstatement of the license.