State and federal regulators are increasingly requiring brokers and salespeople to take real estate continuing education courses. Here are some of the new requirements for license renewal and which courses are available online. To learn more about the new requirements for renewal, read our article on the New requirements for real estate licenses. And don’t forget to check your local real estate commission website for details. It is also wise to check with your state’s Department of Real Estate to see if online courses are available for license renewal.
New requirements for continuing education for real estate brokers
The New York State Real Estate Brokers Click Here Amendment has changed the continuing education requirements for real estate brokers. This new law requires all licensees to complete 22.5 hours of approved continuing education each year. These courses should include 2.5 hours on ethical business practices and 1 hour on recent legal issues impacting the practice of real estate brokers in New York. The requirements will be effective July 1, 2021. This change will apply to all licensees, including those who were exempt from CE requirements before.
To qualify for the new requirements, a salesperson must successfully complete a broker qualifying course and pass a final examination. The course must cover two hours of cultural competency, 2.5 hours of implicit bias, and one hour on recent legal matters. In addition, the amendment removed the 15-year exemption for real estate brokers. Beginning July 1, 2021, all brokers must take continuing education courses. This will take some time for some brokers, but is still the best option.
Online courses required for renewal of a real estate license
New York State requires all salespersons to take online courses for license renewal. Each course has a specified number of hours and is timed to allow for completion within six months of enrollment. Courses must be completed in three-hour modules and must have content approved by the Real Estate Examining Board. Responsible Broker Licensees must complete fifty-three (53) hours of continuing education in three-year cycles.
To fulfill the requirements, renewing your real estate license requires that you take at least two online courses. The courses can be either a single class or a series of courses. It is important to check with your state to make sure you are meeting all requirements for renewal. Online courses that have been approved by the state are a great option. However, you should be aware that not all online courses are created equal.
State requirements for continuing education for real estate licensees
There are some common questions that may arise regarding the State requirements for continuing education for real estate licenses. If you have a pre-license instructor certificate, you must complete at least 12 hours of approved CE each three years. This number must include four hours of mandatory topical education. If you are an active associate broker, you must complete at least twenty-one clock hours of continuing education (CE). This amount does not include the three-hour core course that is required for all active brokers in Massachusetts.
New York state real estate licensing regulations also stipulate how much continuing education a broker must complete. While broker-qualifying courses are not required for license renewal, they are sufficient to fulfill the requirement. Other requirements include 2.5 hours of CE related to recent legal matters and one hour of ethical business practices. These requirements are being revised by the State and will take effect July 1, 2021. Starting July 1, 2021, all licensees in New York must take 22.5 hours of CE to renew their real estate license. Formerly-exempt brokers will not be able to complete CE after this date. Broker-qualifying courses must also include an hour of educational material about the agency.