Current through Register Vol. 35, No. 18, September 24, 2024
A. Courses offered for New Mexico real estate
commission approved credit must be offered by sponsors approved by the New
Mexico real estate commission and be taught by instructors approved by the
commission.
B. Applications for
sponsor, instructor and course approvals must be filled in completely and
accompanied with the necessary supporting documentation (i.e. timed outlines,
power point slides electronic links, course review access information, etc.).
Any fees as specified in
16.61.2.8 NMAC
will be due to the commission following final approval. Course applications
must request one of the following course categories: Core elective, or
elective. If a core elective category designation is requested, the application
must clearly state the reason the course meets the requirements for the core
elective category designation. The course category definitions are as follows:
(1) A core elective category course shall
consist of an advanced course offered by a commission approved sponsor in
residential transactions, commercial transactions, property management
transactions, or vacant land/ranch transactions required once during each
three-year cycle, and which advance the broker's practice of real estate by one
or more of the following: improve broker transactional expertise focusing on,
but not limited to, contractual and disclosure forms used in the practice of
real estate, real estate title issues, contracts, and real estate transactional
negotiating skills; improves broker business practices and professionalism
focusing on, but not limited to, broker responsibilities and duties; improves
broker awareness of issues that impact the public and real estate transactions
focusing on, but not limited to, land development, jurisdictional taxation
issues; or increases the broker knowledge of third party services within a
transaction. The number of core elective hours required for both associate
brokers and qualifying brokers is further defined at
16.61.13.8
NMAC.
(2) An elective category
course shall consist of a course offered by a commission approved sponsor in
real estate law and practice; real estate financing including mortgages and
other financing techniques; material specific to the regulatory, and ethical
practice of real estate; and real estate related local, state and federal laws
including but not limited to fair housing, the Americans with Disabilities Act
(ADA), and lead-based paint disclosure. This broad category of courses also
includes some national designation and certifications offerings not already
categorized as core electives; courses in personal and property protection for
the broker and clients; broker skills-related offerings in using the computer,
the internet, business calculators, and other technologies to enhance the
broker's service to the public; other skills offerings related to broker
professional development, broker customer relations skills, broker sales
promotion including salesmanship, negotiation, marketing techniques, servicing
the client, or similar courses.
(3)
With the exception of courses taken in states with which New Mexico has a
written license recognition agreement, non-acceptable continuing education
classes shall include courses taken in fulfillment of another state's
continuing education requirements. Other non-acceptable courses include
mechanical office and business skills such as typing; speed reading; memory
improvement; language report writing; offerings concerning physical well-being
or personal development such as personal motivation; stress management; time
management; dress-for-success; or similar courses.
C. The committee shall review instructor
candidates:
(1) to determine the candidate's
knowledge of the subject matter;
(2) to determine the candidate's ability to
communicate his/her knowledge to students;
(3) to determine if the candidate uses
appropriate teaching delivery skills;
(4) to determine if the candidate is honest,
truthful, reputable, professional, and competent.
