Code of Colorado Regulations
700 - Department of Regulatory Agencies
725 - Division of Real Estate
4 CCR 725-1 - RULES REGARDING REAL ESTATE BROKERS
Chapter 4 - Continuing Education Requirement
Universal Citation: 700 CO Code Regs 4
Current through Register Vol. 47, No. 17, September 10, 2024
4.1. Continuing Education Requirement
A. Brokers must satisfy
the continuing education requirement for a licensing cycle prior to applying to
renew an Active License, to activate an Inactive License, or to Reinstate an
Expired License to Active status. The licensing cycles include: Anniversary
Year, Calendar Year, and Transition Period.
B. Pursuant to section
12-10-213(4),
C.R.S., Brokers applying for renewal of a License which expires on December 31
of the year in which it was first issued are not subject to the continuing
education requirement pursuant to section
12-10-213(1)(a),
C.R.S.
4.2. Methods for Satisfying Continuing Education
A. Brokers
must satisfy the continuing education requirement for a licensing cycle through
one (1) of the following options:
1. Brokers
may complete the twelve (12) credit hours of continuing education pursuant to
section 12-10-213(1)(a),
C.R.S. and as set forth in subsection A.1. of this Rule in annual 4-hour
increments developed by the Commission, the "Annual Commission Update". Brokers
must also complete an additional twelve (12) credit hours of electives to meet
the total 24-hour continuing education requirement during the licensing cycle
in subject areas pursuant to section
12-10-213(3),
C.R.S. and as set forth in Rule 4.4.B.1 . A Broker may not take the same
version of the Annual Commission Update more than once.
2. During the Transition Period licensing
cycle, Brokers may complete two (2) different versions of the Annual Commission
Update for eight (8) credit hours of continuing education pursuant to section
12-10-213(1)(b),
C.R.S. Brokers must also complete an additional sixteen (16) credit hours of
electives to meet the total 24-hour continuing education requirement during the
Transition Period in subject areas pursuant to section
12-10-213(3),
C.R.S. and as set forth in Rule 4.4.B.1.
3. Brokers may complete the Commission
approved 24-hour "Broker Reactivation Course". This option is only available to
Brokers under one (1) of the following conditions:
a. The Broker is currently Active and did not
use the Broker Reactivation Course to satisfy the continuing education
requirement in the previous licensing cycle; or
b. The Broker is Inactive or Expired for an
accumulative time period of up to thirty-six (36) months prior to activating an
Inactive License or Reinstating an Expired License to Active status and unable
to comply with the continuing education requirement as set forth in subsections
A.1. or A.2. of this Rule.
4. Pass the Colorado portion of the Real
Estate Licensing Examination as set forth in Rule 2.2.A.2.
5. Complete seventy-two (72) total hours of
the educational requirements as set forth in Rules 2.1.A.2.b. and
2.1.A.2.c.
B. If a Broker
cannot satisfy the continuing education requirement as set forth in
subsectionsA. 1. through A.3. of this Rule, the Broker must comply with the
continuing education requirement as set forth in subsections A.4. or A.5. of
this Rule prior to activating an Inactive License or Reinstating an Expired
License to Active status.
4.3. Annual Commission Update Course Standards
A. Pursuant to section
12-10-213(2),
C.R.S. and as set forth in Rule 4.2.A ., the Annual Commission Update will be
developed, presented by the Division, and furnished only to approved course
providers. The course will be presented without any additional content by the
course provider and/or instructor.
B. All course providers must apply annually
for approval to offer the Annual Commission Update as set forth in Rule 4.6.B
., except that the course outline as set forth in Rule 4.6.B.1 . and course
exam as set forth in Rule 4.6.B.2 . will be furnished by the
Commission.
C. Each Broker must
complete the Annual Commission Update by achieving a passing score of seventy
percent (70%) on a written or on-line course examination developed by the
Commission. The Commission will provide an alternate examination for successive
use by Brokers failing the end-of-course examination.
4.4. Standards for Continuing Education Courses
Courses approved for continuing education must meet the following standards:
A. Course Content
1. The course content must have been
developed by persons qualified in the subject matter;
2. The content of the course must be
current;
3. The course must
maintain and improve a Broker's skill, knowledge, and competency in the real
estate practice; and
4. The course
must be at least one (1) hour increment in length, containing at least fifty
(50) instructional minutes per one (1) hour increment.
B. Topics for Continuing Education Courses
1. Eligible Topics for Continuing Education
Courses
Pursuant to section 12-10-213(3), C.R.S., courses approved for continuing education must include one (1) or more of the following topics:
a. Real
Estate Law;
b. Property
Exchanges;
c. Real Estate
Contracts;
d. Real Estate
Finance;
e. Real Estate
Appraisal;
f. Real Estate
Closing;
g. Real Estate
Ethics;
h. Condominiums and
Cooperatives;
i. Real Estate
Time-Sharing;
j. Real Estate
Marketing Principles;
k. Real
Estate Construction;
l. Land
Development;
m. Real Estate Energy
Concerns;
n. Real Estate
Geology;
o. Water and Waste
Management;
p. Commercial Real
Estate;
q. Real Estate Securities
and Syndications;
r. Property
Management;
s. Real Estate Computer
Principles;
t. Brokerage
Administration and Management;
u.
Agency; and
v. Any other subject
matter as approved by the Commission.
2. Ineligible Topics for Continuing Education
Courses
The following types of courses will not qualify and be approved for continuing education:
a.
Sales or marketing meetings conducted in the general course of a real estate
brokerage practice;
b. Orientation,
personal growth, self-improvement, self-promotion, or marketing
sessions;
c. Motivational meetings
or seminars; or
d. Examination
preparation or exam technique courses.
C. Course Format
All continuing education courses may be offered and completed by classroom or Distance Learning.
4.5. Continuing Education Credit Requirements
A. A maximum of eight (8) hours of credit may
be earned per day.
B. No course may
be repeated for credit in the same calendar year.
C. Hours in excess of twenty-four (24) may
not be carried forward to satisfy a subsequent licensing cycle.
D. Education stipulated to between a Broker
and the Commission as part of a disciplinary action or alternative to
disciplinary action will not be accepted to fulfill a Broker's continuing
education requirement.
E. All
continuing education must be taken from course providers either approved by the
Commission or exempt as set forth in Rule 4.6.A.2.
F. Brokers must complete an entire course to
receive any continuing education credit. Brokers will not be awarded partial
credit for partial or incomplete attendance.
G. Instructors may receive continuing
education credit for teaching an approved course; however, credit will be
awarded for only one (1) course taught per calendar year.
H. The Commission will award two (2) hours of
continuing education credit for Brokers who attend a Commission's public
meeting in person under the following conditions:
1. The meeting must be open to the public and
must be a minimum of two (2) hours in length;
2. The Broker must be present for at least a
two (2) hour segment of the meeting to be eligible for elective credit;
and
3. Elective credit will be
awarded for a single Commission meeting per calendar year.
I. Each Broker is responsible for securing
from the course provider proof of course completion in the form of an
affidavit, certificate, or official transcript of the course as set forth in
Rule 4.7.A.
J. Brokers must retain
proof of continuing education completion certificates for four (4) years from
the date of the Broker's most current renewal or, if newly licensed, from
Initial Licensure.
K. The act of
submitting an application for renewal, activation, or Reinstatement of a
License means that the Broker attests to compliance with the continuing
education requirement pursuant to section
12-10-213, C.R.S. However, if a
Broker did not comply with the continuing education requirement, the Broker
must provide written notification to the Division prior to submitting an
application for renewal, activation, or Reinstatement of a License.
L. Upon written notification from the
Commission, Brokers must provide proof of completion of the continuing
education requirement in a manner that is acceptable to the Commission. Failure
to provide said proof within the prescribed time set by the Commission in its
notification will be grounds for disciplinary action unless the Commission has
granted an extension.
4.6. Process for Course Approval
A. Course Providers
Continuing education must be taken from course providers either approved by the Commission or exempt as set forth in subsection A.2. of this Rule.
1. Approval of Course
Providers
All course providers must receive approval from the Commission prior to any course offering except for the course providers specifically exempted as set forth in subsection A.2. of this Rule.
2. Course Providers Exempt from
Commission Approval
The following course providers may provide course offerings for elective continuing education credit without Commission pre-approval only if the courses are within the topic areas pursuant to section 12-10-213(3), C.R.S. and as set forth in Rule 4.4.B.1 . and comply with all other provisions of Chapter 4 of these Rules.
a.
Courses offered by accredited colleges, universities, community or junior
colleges, public or parochial schools, or government agencies.
b. Courses developed and offered by
quasi-governmental agencies.
c.
Courses approved by and taken in satisfaction of another occupational licensing
authority's education requirements.
d. Courses in real property law by a provider
approved by the Colorado Board of Continuing Legal and Judicial
Education.
B.
Course providers must, as set forth in Chapter 4 of these Rules, submit an
application form prescribed by the Commission, along with the following
information at least thirty (30) days prior to the initial proposed course
date(s):
1. Detailed course outline or
syllabus, including the intended learning outcomes, the course objectives, and
the approximate time allocated for each topic.
2. A copy of the course exam(s) and
instructor answer sheet, if applicable.
3. Copy of the instructor's teaching
credential; if none, a resume showing education and experience which evidence a
mastery of the material to be presented.
4. Upon Commission request, a copy of any
advertising or promotional material used to announce the offering.
5. Upon Commission request, a copy of any
textbook, manual, audio or videotapes, or other instructional
material.
6. Course providers of
continuing education offered through Distance Learning must submit evidence in
a form prescribed by the Commission that the method of delivery and course
structure is consistent with acceptable educational principles assuring that
the desired learning objectives are met. The Commission will approve methods of
delivery certified by the Association of Real Estate License Law Officials
(ARELLO), or by a substantially equivalent authority and method.
7. Course approval certification will be for
a period of three (3) years, except that an annual or one-time seminar or
conference offering may be approved for a specific date or dates.
4.7. Course Provider Requirements
A. Course providers must provide
to each student who successfully completes an approved course for continuing
education credit with an affidavit, certificate, or official transcript, which
must include the following information:
1.
Name of the course provider;
2.
Course title, which must describe the topical content;
3. Course number;
4. Number of continuing education
hours/credits;
5. Course
date(s);
6. Name of the
student;
7. Authentication by the
course provider; and
8. Course
approval number as issued by the Division, if applicable.
B. A course provider may not waive, excuse
completion of, or award partial credit for the full number of course
hours.
C. Each course provider must
retain copies of course outlines or syllabi and complete records of attendance
for a period of four (4) years from the date of the course and provide the
records to the Commission upon request.
D. By offering continuing education, each
course provider agrees to comply with relevant Commission statutes and these
Rules and to permit Commission audit of said courses at any time and at no
cost. Failure to comply with the standards and requirements as set forth in
Chapter 4 of these Rules may result in the invalidation of the course provider,
instructor, and/or the course.
Disclaimer: These regulations may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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