Real
estate license laws are enacted to protect the general public from
unprofessional and dishonest agents and to evaluate the competency of
persons seeking real estate licenses. After they become licensed, the
Act also places high standards on those licensees and require all agents
and brokers to maintain those high standards through continuing
education.
Before a
real estate salesperson renews their license in April of each
odd numbered year, 12 hours of continuing education are required.
Six of those 12 hours must be the state mandated Core courses (Core A
and Core B) which emphases license laws, escrow, agency and fair housing
laws. The remaining 6 hours are elective courses such as Ethics,
Environmental Issues, Risk Management, etc.
Before
renewing their license in April of every even numbered year, Real
estate broker licensees must complete the required 12 hours, and
an additional mandatory 6 hour Broker Management course, for a total of
18 hours of CE.
In order
to satisfy the CE requirements, agents may take classroom instruction or
enroll in state approved "self-study" or computer-based courses.
After
successfully completing the CE courses, the agent will receive a uniform
transcript of completion. This transcript is strictly for the agent's
records. No proof of CE is required to be mailed to the state when
renewing their licenses. The approved CE schools will notify the IDFPR
of the compliance via the internet. When the license renewal form is
received (or if the renewal is done online) the agent simply checks off
the box that says "I have complied".
Continuing educations requirements are an important part of the license
Act and good for the consumer and the industry. For more
information on state required CE, or to enroll in our course, call
800-375-7032 or visit YourHouseAcademy.com.