Section 339.22203. Validity of broker education; validity of salesperson education.

(1) An applicant for a broker or associate broker license shall have completed 90 clock hours of qualifying  prelicensure  education  of  which  9 clock hours shall be on civil rights law and fair housing law,  as defined  in section  2504  (1) of  the   code.  The  broker   prelicensure  education  shall   be completed not more than 36 months before the date of application, unless the applicant has held a license as a salesperson for that intervening period.

(2)   Acceptable courses for prelicensure education  shall  meet  criteria established by the department, but may be reviewed and preapproved by a statewide real estate trade association for subject matter relevant to the practice of real estate. Not more than 1 broker course on the  same  subject will be accepted for credit.

(3)   In meeting the broker prelicensure education requirements, credit shall be given for either of the following:

(a)   Possession of a law degree, obtained at any time before the date of application, shall be equated to 60 clock hours of real estate education which includes 6 hours of instruction in civil rights law and fair housing law.

(b)   Possession of a master's degree in business administration from an accredited institution of higher learning shall be equated to 60 clock hours of real estate education.

(4)   An applicant for a salesperson license shall have completed 40 clock hours of qualifying prelicensure education of which 4 clock hours shall be on civil rights law and fair housing law, as defined in section 2504(2) of the code. The salesperson prelicensure education shall be completed not more than 36 months before the date of application.

History: 1991 AACS; 2002 AACS; 2007 AACS.