A. The department shall determine the instructor qualifications for teaching broker management clinics and the course content of broker management clinics for persons required to attend these clinics pursuant to subsection C of this section.
B. A broker management clinic shall include instruction on department audits and on the obligations and responsibilities of designated brokers. A broker management clinic may address record keeping requirements, trust fund accounts, advertising and promotions, employment agreements, contracts, fiduciary duties, material disclosures, department investigations, risk management, employee supervision and broker responsibilities and related topics. A broker management clinic may be designed to address property management activities or sales activities, or both.
C. An applicant for an original real estate broker's license shall attend a broker management clinic before activating the license. A broker shall attend a broker management clinic before becoming a designated broker, unless the broker has attended a broker management clinic during the preceding twenty-three months. All active designated real estate brokers shall attend a broker management clinic once during each twenty-four months of licensure after their initial attendance.
D. Attendance at a broker management clinic constitutes three credit hours of real estate oriented education pursuant to section 32-2130, subsection A.
Last Legislative Year: 2007
Recent legislative history: Laws 2000, Ch. 174, § 2; Laws 2001, Ch. 67, § 3; Laws 2002, Ch. 23, § 3; Laws 2007, Ch. 9, § 5; Laws 2007, Ch. 165, § 8.
Editor's note. - Text of section as amended by Laws 2007, Chs. 9 and 165, blended.
By Laws 2007, Ch. 165, § 11, amendments by Laws 2007, Ch. 165, § 8 are effective to from and after June 30, 2007.