TITLE 16 OCCUPATIONAL
AND PROFESSIONAL LICENSING
CHAPTER 61 REAL
ESTATE BROKERS
PART 13 CONTINUING
EDUCATION REQUIREMENTS
16.61.13.1 ISSUING AGENCY: New Mexico Real Estate Commission.
[1-1-2000; 16.61.13.1 NMAC - Rn & A, 16 NMAC 61.13.1, 1-1-2002]
16.61.13.2 SCOPE: The provisions in Part 13 of Chapter 61 apply to all brokers intending to renew or reactivate their New Mexico broker license.
[1-1-2000; 16.61.13.2 NMAC - Rn, 16 NMAC 61.13.2, 1-1-2002; A, 1-1-2006; A, 12-31-2008]
16.61.13.3 STATUTORY AUTHORITY: Part 13 of Chapter 61 is promulgated pursuant to the Real Estate Licensing Law, NMSA 1978 Section 61-29-4.
[1-1-2000; 16.61.13.3 NMAC - Rn, 16 NMAC 61.13.3, 1-1-2002]
16.61.13.4 DURATION: Permanent.
[1-1-2000; 16.61.13.4 NMAC - Rn, 16 NMAC 61.13.4, 1-1-2002]
16.61.13.5 EFFECTIVE DATE: 1-1-2000, unless a later date is cited at the end of a section.
[1-1-2000; 16.61.13.5 NMAC - Rn & A, 16 NMAC 61.13.5, 1-1-2002]
16.61.13.6 OBJECTIVE: The objective of Part 13 of Chapter 61 is to set forth continuing education requirements for New Mexico real estate brokers.
[1-1-2000; 16.61.13.6 NMAC - Rn, 16 NMAC 61.13.6, 1-1-2002; A, 1-1-2006]
16.61.13.7 DEFINITIONS: Refer to 16.61.1.7 NMAC.
[1-1-2000; 16.61.13.7 NMAC - Rn, 16 NMAC 61.13.7, 1-1-2002]
16.61.13.8 REQUIREMENTS: Except for brokers who were exempt from continuing education prior to July 1, 2011.
A. All active and inactive associate brokers and qualifying brokers shall successfully complete thirty (30) credit hours of continuing education in courses approved by the commission during each licensing cycle.
B. All associate brokers and qualifying brokers shall successfully complete the approved eight (8) credit hour real estate commission mandatory course during each licensing cycle. Of the remaining twenty-two (22) credit hours, ten (10) credit hours may be credited toward the continuing education requirement from approved training category courses. At least twelve (12) credit hours must be taken from approved education category courses; however, all twenty-two (22) credit hours may be taken from the list of commission-approved continuing education courses.
C. Commission approved pre-licensing courses may count for up to ten (10) credit hours toward continuing education credit for license renewal. The commission approved thirty (30) hour post-licensing course may also count for up to ten (10) education category credit hours toward continuing education.
D. No commission approved continuing education course in either the education or the training category will be granted more than ten (10) credit hours of continuing education credit.
E. Continuing education credit hours cannot be carried forward to the next licensing cycle.
F. The same continuing education course cannot be repeated for credit in a three-year renewal cycle.
G. Brokers may receive four (4) approved education course credit hours during each licensing cycle for attending commission meetings, rule hearings and disciplinary hearings.
H. Approved instructors may use up to ten (10) credit hours during each three-year licensing cycle toward fulfillment of their own continuing education requirements for teaching commission approved courses. Teaching documentation must be provided by the course sponsor.
I. Classes required by the commission for disciplinary reasons cannot be counted towards the continuing education requirements for license renewal.
[1-1-2000; 16.61.13.8 NMAC - Rn & A, 16 NMAC 61.13.8, 1-1-2002; A, 1-1-2006; A, 1-1-2007; A, 12-31-2008; A, 1-1-2012]
16.61.13.9 VERIFICATION OF COMPLETION OF COURSE WORK: At the time of license renewal, associate brokers and qualifying brokers shall submit to the real estate commission verification of completion of continuing education course work.
[1-1-2000; 16.61.13.9 NMAC - Rn, 16 NMAC 61.13.9, 1-1-2002; A, 1-1-2006; A, 12-31-2008; A, 1-1-2012]
HISTORY OF 16.61.13 NMAC:
Pre-NMAC History:
The material in this part was derived from that previously filed with the state records center and archives under:
Rule No. 6, Education Required, filed 12-18-87;
NMREC Rule 6, Education Required, filed 10-3-94.
History of Repealed Material:
16 NMAC 61.13, Continuing Education: Licensee Requirements (filed 6-25-97) repealed 1-1-2000.
Other History:
NMREC Rule 6, Education Required (filed 10-3-94) was reformatted, renumbered, and replaced by 16 NMAC 61.13, Continuing Education: Licensee Requirements, effective 8-15-97.
16 NMAC 61.13, Continuing Education: Licensee Requirements (filed 6-25-97) was replaced by 16 NMAC 61.13, Continuing Education: Licensee Requirements, effective 1-1-2000.
16 NMAC 61.13, Continuing Education: Licensee Requirements, (filed 12-10-99) was reformatted, renumbered, amended and replaced by 16.61.13, Continuing Education: Licensee Requirements, effective 1-1-2002.