DEPARTMENT OF REGULATORY AGENCIES
DIVISION OF REAL ESTATE
REAL ESTATE BROKERS 
4 CCR 725-1
NOTICE OF PROPOSED RULEMAKING HEARING
OCTOBER 2, 2012

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 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 applying to renew an active license, to activate an inactive license or to reinstate an expired license to active status. Licensed brokers may satisfy the entire continuing education requirement through one of the following options:
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) A licensee may not take the same version of the Annual 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.

(c) Completing the Commission-approved 24-hour “Broker Transition Reactivation” course.  (This option is permitted once to each licensee in lieu of the requirements of rule B-2 (a)).  This option is available to licensees under the following conditions:
(1) This option is permitted for active licensees in lieu of the requirements of Rule B-2(a), but shall not be repeated in consecutive license cycles.
 (2) This option is permitted for licensees who have been inactive or expired for up to thirty-six (36) months, and who are unable to comply with education requirements listed in rule B-2(a).

(d) Completing the Commission-approved 24-hour “Brokerage Administration” course.  (This option is permitted once to each licensee in lieu of the requirements of rule B-2 (a)).

(e) (d) Passing the Colorado state portion of the licensing exam.

(f) (e) 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.

(f) Any inactive or expired licensees who cannot meet the education requirements listed in B-2(a), B-2(c), or B-2(d) must comply with the education requirements found in B-2(e) before activation or reinstatement of the license.

A hearing on the above subject matter will be held on Tuesday, October 2, 2012, at the Colorado Division of Real Estate, 1560 Broadway, Suite 1250C, Denver, Colorado 80202 beginning at 9:00 a.m.

Any interested person may participate in the rule making through submission of written data, views and arguments to the Division of Real Estate.  Persons are requested to submit data, views and arguments to the Division of Real Estate in writing no less than ten (10) days prior to the hearing date and time set forth above. However, all data, views and arguments submitted prior to or at the rulemaking hearing or prior to the closure of the rulemaking record (if different from the date and time of hearing), shall be considered.

Please be advised that the rule being considered is subject to further changes and modifications after public comment and formal hearing.