New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 61 - REAL ESTATE BROKERS › Part 13 - CONTINUING EDUCATION REQUIREMENTS › Section 16.61.13.8 - REQUIREMENTS

Current through Register Vol. 35, No. 13, July 16, 2024
Except for brokers who are exempt from continuing education
				  by virtue of having attained 65 years of age and a minimum of 20 years of
				  continuous licensure prior to July 1, 2011, the following requirements
				  apply:
A. All active and inactive
				associate brokers shall successfully complete a minimum of 36 credit hours of
				continuing education in courses approved by the commission during each
				licensing cycle. All active and inactive qualifying brokers shall successfully
				complete a minimum of 42 credit hours of continuing education in courses
				approved by the commission during each licensing cycle, which includes the
				qualifying broker refresher course.
B. For each three-year licensing cycle,
				required courses include: the four-hour New Mexico real estate commission
				(NMREC) core course to be completed annually; four hours of commission-approved
				core elective course(s) to be completed during each three-year licensing for
				associate brokers; eight hours of commission-approved core elective course(s)
				to be completed during each three-year licensing cycle for qualifying brokers;
				and for all brokers, four hours of commission-approved ethics courses to be
				completed during each three-year licensing cycle. Property managers have
				additional continuing education requirements as specified in Subsection M of
				this section.
C. All remaining
				credit hours may be earned toward the cumulative continuing education renewal
				requirement from commission-approved elective category courses, additional core
				elective category courses or additional ethics category courses.
D. Each annual iteration of the NMREC core
				course title will contain the calendar year in which it is to be presented. The
				commission shall ensure that the content of each annual iteration is unique for
				each year's course to ensure that brokers are not receiving identical
				information in more than one course.
E. Pursuant to
				16.61.11.8 NMAC, the
				broker's license will expire and can only be renewed within one year of
				expiration by payment of a late fee, notwithstanding any exemptions by law or
				rule, and successful completion of all renewal requirements; including all
				applicable annual core course requirements. If a broker fails to meet the core
				course requirements at the time of renewal, and is not exempt under 16.61.13.8
				NMAC, the following policy will be in effect:
(1) If a broker failed to complete the core
				course required for, the third calendar year of their license renewal cycle,
				the broker must complete that core course with a core course instructor, in a
				regular core course class setting, or another format that has been approved by
				the commission within one year of expiration.
(2) If a broker failed to complete an annual
				core course required for the first or second years of their three-year license
				renewal cycle, and is unable to complete a make-up of the missed course(s) with
				an approved core course instructor prior to license expiration, the broker will
				be required to successfully complete the 30-hour broker basics course prior to
				expiration or as a condition of expired license renewal/reinstatement. The
				broker will be given credit for renewal purposes, but will not be given any
				continuing education credit.
(3) If
				a broker failed to complete any one of the three annual core course
				requirements within the context of their three-year cycle due to medical
				reasons and can present documentation to the commission of such medical reasons
				or active military deployment, the commission may authorize the broker to take
				the missed core course iteration by repeating, preferably under different
				instructors, the most recent core course iteration the number of annual core
				courses they missed prior to license expiration. Such medical reasons may
				include documentation (i.e., doctor's affidavit/ letter) indicating the
				necessity of the broker to serve as a parental or immediate family
				caregiver.