(1)A broker applying for renewal of a license pursuant to section 12-10-212 (4) shall
include with the application a certified statement verifying successful completion
of real estate courses in accordance with the following schedule:
(a)For licensees applying for renewal of a three-year license, passage within
the previous three years of the Colorado portion of the real estate exam or
completion of a minimum of twenty-four hours of credit, twelve of which must be
the credits developed by the commission pursuant to subsection (2) of this section;
(b)For licensees applying for renewal of a license that expires less than
three years after it was issued, passage within the license period of the Colorado
portion of the real estate exam or completion of a minimum of twenty-four hour
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(1) A broker applying for renewal of a license pursuant to section 12-10-212 (4) shall
include with the application a certified statement verifying successful completion
of real estate courses in accordance with the following schedule:
(a) For licensees applying for renewal of a three-year license, passage within
the previous three years of the Colorado portion of the real estate exam or
completion of a minimum of twenty-four hours of credit, twelve of which must be
the credits developed by the commission pursuant to subsection (2) of this section;
(b) For licensees applying for renewal of a license that expires less than
three years after it was issued, passage within the license period of the Colorado
portion of the real estate exam or completion of a minimum of twenty-four hours of
credit, at least eight of which must be the credits developed by the commission
pursuant to subsection (2) of this section.
(2) The commission shall develop twelve hours of credit designed to assure
reasonable currency of real estate knowledge by licensees, which credits shall
include an update of the current statutes and the rules promulgated by the
commission that affect the practice of real estate. If a licensee takes a course
pursuant to rule 250 of the Colorado rules of civil procedure and the course
concerns real property law, the licensee shall receive credit for the course toward
the fulfillment of the licensee's continuing education requirements pursuant to this
section. The credits shall be taken from an accredited Colorado college or
university; a Colorado community college; a Colorado private occupational school
holding a certificate of approval from the state board for community colleges and
occupational education; or an educational institution or an educational service
described in section 23-64-104. Successful completion of the credits shall require
satisfactory passage of a written examination or written examinations of the
materials covered. The examinations shall be audited by the commission to verify
their accuracy and the validity of the grades given. The commission shall set the
standards required for satisfactory passage of the examinations.
(3) All credits, other than the credits specified in subsection (2) of this
section, shall be acquired from educational courses approved by the commission
that contribute directly to the professional competence of a licensee. The credits
may be acquired through successful completion of instruction in one or more of the
following subjects:
(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.
(4) A licensee applying for renewal of a license that expires on December 31
of the year in which it was issued is not subject to the education requirements set
forth in subsection (1) of this section.
(5) The commission shall promulgate rules to implement this section.