Senate Bill No. 92-Committee on Commerce and Labor
(On Behalf of the Real Estate Division
of the Department of Business and Industry)
January 30, 1997
____________
Referred to Committee on Commerce and Labor
SUMMARY--Revises requirements for continuing education of brokers, real estate broker-salesmen and real estate salesmen. (BDR 54-452)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: Yes.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to real estate; revising the requirements for continuing education of brokers, real estate broker-salesmen and real estate salesmen; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
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Section 1 NRS 645.575 is hereby amended to read as follows:
645.575 1. The commission shall prescribe standards for the continuing education of persons licensed pursuant to this chapter by adopting regulations which include:
(a) For renewal of a license which is on active status, a requirement for the hours of attendance at any approved educational course, seminar or conference of:
(1) Thirty hours within the 2-year period immediately after initial licensing; and
(2) Fifteen hours within each subsequent 2-year period before renewal.
For each period, at least [3] 6 of the hours must be devoted to [ethics, professional conduct or the legal aspects of real estate and at least 3 of the hours must be devoted to disclosing agency relationships.] the subjects required by the commission.
(b) For reinstatement of a license which has been placed on inactive status, a requirement for total attendance at any approved educational course, seminar or conference of:
(1) Thirty hours if the license was on inactive status for 2 years or less during the initial license period;
(2) Fifteen hours if the license was on inactive status for a period of 2 years or less, no part of which was during the initial license period;
(3) Forty-five hours if the license was on inactive status for a period of more than 2 years, part of which was during the initial license period; or
(4) Thirty hours if the license was on inactive status for a period of more than 2 years, no part of which was during the initial license period.
For each period, at least [3] 6 of the hours must be devoted to [ethics, professional conduct or the legal aspects of real estate and at least 3 of the hours must be devoted to disclosing agency relationships.] the subjects required by the commission.
(c) A basis and method of qualifying educational programs and certifying attendance which will satisfy the requirements of this section.
(d) A procedure for the evaluation of petitions based on a claim of equivalency with the requirements of [subsection] paragraph (a) or (b).
(e) A system of controlling and reporting qualifying attendance.
(f) A statement of the conditions [under] for which an extension of time may be granted to comply with the continuing education requirements as well as a method of applying and qualifying for an extension.
2. The standards prescribed [under] in subsection 1 must permit alternatives of subject material, taking cognizance of specialized areas of practice [,] and alternatives in sources of programs considering availability in area and time. The standards must include, where qualified, generally accredited educational institutions, private vocational schools, educational programs and seminars of professional societies and organizations, other organized educational programs on technical subjects, or equivalent offerings. The commission shall qualify only those educational courses that it determines address the appropriate subject matter and are given by an accredited university or community college. Subject to the provisions of this section, the commission has exclusive authority to determine what is an appropriate subject matter for qualification as a continuing education course.
3. Except as otherwise provided in this subsection, the license of a broker, broker-salesman or salesman must not be renewed or reinstated unless the administrator finds that the applicant for the renewal license or for reinstatement to active status has completed the continuing education required by this chapter. Any amendment or repeal of a regulation does not operate to prevent an applicant from complying with this section for the next licensing period following the amendment or repeal.
Sec. 2 This act becomes effective on July 1, 1997.