Osceola ReVIEW - June 2008 - (Page 13)

Knowledge Services News. Continued from Page 13. Commission. Make-up classes must be the classes missed by the student and must consist of the original Commission-prescribed course material. Question: What happens if I do not complete the sales associate’s person’s 45-hour post-license education requirement before the expiration of my initial sales associate’s license? Answer: Your license becomes void, and you have to retake the pre-license course, pass its exam, and retake the state exam. In short, you have to start from scratch. Question: What happens if I do not complete the broker’s 60-hour post-license education requirement before the expiration of my initial broker’s license? Answer: Your license reverts to a sales associate’s license. Question: What are the continuing-education requirements for an active or inactive broker licensee? Answer: You must take a minimum of 14 hours of commission-approved classroom instruction during each license renewal period (excluding the first renewal period of your current license when 60 hours of post-license education is required.) Three of the 14 required hours must consist of the commission-prescribed Core Law. The other 11 hours may consist of “specialty” course on real estate practices approved by the Commission. A licensee who takes the 3-hour Core Law course in each year of the renewal period shall be allowed a total of 6 hours toward the 14-hour requirement. In that case, the “specialty” course hours need total only 8 hours. Question: Can I take correspondence courses to fulfill the 14-hour continuing education requirement? Answer: Yes. A FREC-approved equivalent correspondence course or other FREC-approved forms of distance learning may substitute for the live instruction. Question: What are the continuing education requirements for an active or inactive sales associate’s licensee? June 2008 Answer: A minimum of 14 hours of commission-approved classroom instruction during each license renewal period (excluding the first renewal period of your current license when 45-hours of post-license education is required). Three of the 14 required hours must consist of the FREC-prescribed Core Law courses. The other 11 hours may consist of “specialty” courses on real estate practices approved by FREC. A licensee who takes the 3-hour Core Law course in each year of the renewal period is allowed a total of 6 hours toward the 14-hour requirement. In such even, the “specialty” course hours need total only 8 hours. Question: Tell me something I probably don’t know? Answer: A licensee can earn 3 of the required 11 continuing education hours in the “specialty” area by attending a FREC meeting where disciplinary cases are considered. Licensee must attend the entire day of hearings to earn the credit. Seven days advance notice must be given to the Education Section of the Division of Real Estate so attendance may be monitored. Question: What do I need to know about license reactivation? Answer: If you hold an involuntarily inactive license, make sure you complete the reactivation education within two years of the first day you failed to hold a valid and active license. After the second year, the broker’s or sales associate’s right to reactivate automatically expires. If the time elapsed is less than one year, the reactivation requirement can be fulfilled by satisfactorily completing 14 hours of continuing education as described in Rule 61J2-3.009. If time elapsed is more than 12 months but less than 24 months, the requirement is 28 hours of prescribed classroom hours of the prerequisite course for licensure as a salesperson. The subjects emphasized are real estate law and license law, and a 70% grade on the quiz is required to pass. I hope that these topics have been of some assistance to you, but remember I am always here to assist you in your educational needs. Just give me a call at (407) 846-0117, ext. 109, or send me an email at education@osceola-realtors.com. ■ ReVIEW 13 Osceola

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Osceola ReVIEW - June 2008 President's Perspective CEO Perspective Education Corner Knowledge Services News Legal Ease Sponsors June 2008 Monthly Planner

Osceola ReVIEW - June 2008

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