(1) Each active licensee is required to annually complete a board-mandated core education course of a length established by the board every year. The board-mandated core education does not apply to meeting the continuing education requirement provided for in (2), except as provided in (19) and (20).

(2) In addition to the board-mandated core education course, each active licensee is required to complete a minimum of 12 hours of continuing real estate education every year.

(3) A licensee must complete the board-mandated core education course that contributes to the professional competency of the licensee in their real estate practice.

(4) Courses completed after the renewal deadline will result in a late renewal and penalty regardless of when the licensee submits the renewal application.

(5) The licensee must attend 90 percent of each hour of the approved course time in order to receive credit for attendance.

(6) The required hours shall be in real estate related courses approved by the board.

(7) By August 1 of each year, the board will identify topics in which the 12 hours of education must be obtained for the following reporting year. The board, in its discretion, may adjust the topics at any time. A minimum of four hours must come from the mandatory topics identified by the board.

(8) No carry over hours will be recognized or allowed.

(9) No licensee shall repeat a course for credit in the same reporting year.

(10) The course provider must supply each licensee with a course completion certificate and student evaluation form approved by the board and must verify attendance of each licensee.

(11) Course and instructor evaluation forms, approved by the board, must be provided and may be collected by a board representative and forwarded to the board office.

(12) A board representative may, at no charge, audit all board-approved courses for rule compliance.

(13) All approved education must be available to all licensees.

(14) All continuing education instructors or their designee must report licensee attendance at approved continuing education offerings to the board within 20 days of the course offering.

(15) Instructors or their designee must report all education attendance in a format approved and provided by the board.

(16) Failure to accurately and timely provide attendance information to the board could result in withdrawal of the course approval or withdrawal of the instructor approval.

(17) All continuing education courses must be taken and completed within the reporting period. No carry over hours will be accepted from one reporting period to another.

(18) The board may grant continuing education credit to board members for actively preparing and participating in board meetings. Credit will be limited to no more than three hours of credit per meeting.

(19) A licensee completing board-mandated core education courses beyond the core course completed for professional competency required in (3), may apply one course toward meeting current continuing education requirements. The core course completion certificate(s) must be provided to the board office in order to receive continuing education credit.

(20) A licensee with both a real estate and property management license must complete both board-mandated core education courses, but may apply one course toward meeting the current continuing education requirement by providing the core course completion certificate(s) to the board office.