§467-11.5  Prerequisites for license
renewal.  [Repeal on July 1, 1995, by L 1987, c 95, §3 deleted by L
1995, c 241, §11.]  (a)  Prior to the
license renewal of a real estate broker or real estate salesperson, the
licensee shall provide the commission with proof of having attended ten hours
of continuing education or its equivalent as determined by the commission
during the two-year period preceding the application for renewal.  Failure to
satisfy the continuing education requirement by the license expiration date
shall result in the renewed license being automatically placed on an
"inactive" status.



(b)  To
reactivate a license which has been placed on an "inactive" status,
the licensee shall submit to the commission proof of having satisfied the
continuing education requirement of this section, a complete application
setting forth the information as may be prescribed or required by the
commission, and payment of the proper fee.



(c)  No
license shall be renewed if the license trade name, partnership, or corporation
is not currently registered with the department of commerce and consumer
affairs.



(d)  Upon
submission of a renewal application, an individual real estate licensee, who
holds a current, unencumbered real estate license in another state, or who
holds a current, unencumbered real estate license in a jurisdiction recognized
by the Association of Real Estate License Law Officials, with an equivalent
real estate licensing law as determined by the commission, may request a
determination of equivalency for the elective course hours of the continuing
education requirement.  The equivalency shall be based on the successful
completion of the continuing education requirements in the other state or
jurisdiction prior to submission of the renewal application.  Approval of the
equivalency shall be subject to the real estate licensee completing the
commission-designated core course, as determined by the commission. [L
1987, c 95, §§1, 3; am L 1989, c 217, §2; am L 1994, c 68, §1; am L 1995, c
241, §5; am L 1996, c 149, §1; am L 1997, c 289, §3; am L 1999, c 47, §3; am L
2002, c 129, §4]



 



Note



 



  $25 fee for equivalency determination application.  L 2002, c
129, §7.