New Mexico Administrative Code › Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING › Chapter 61 - REAL ESTATE BROKERS › Part 15 - APPROVAL OF REAL ESTATE COURSES, SPONSORS, AND INSTRUCTORS › Section 16.61.15.9 - APPROVAL OF EDUCATION PROGRAMS

Current through Register Vol. 35, No. 13, July 16, 2024
A. Courses offered for New Mexico real estate
				commission approved credit must be offered by sponsors approved by the New
				Mexico real estate commission and be taught by instructors approved by the
				commission.
B. Applications for
				sponsor, instructor and course approvals must be filled in completely and
				accompanied with the necessary supporting documentation (i.e. timed outlines,
				power point slides electronic links, course review access information, etc.).
				Any fees as specified in
				16.61.2.8 NMAC
				will be due to the commission following final approval. Course applications
				must request one of the following course categories: Core elective, or
				elective. If a core elective category designation is requested, the application
				must clearly state the reason the course meets the requirements for the core
				elective category designation. The course category definitions are as follows:
(1) A core elective category course shall
				consist of an advanced course offered by a commission approved sponsor in
				residential transactions, commercial transactions, property management
				transactions, or vacant land/ranch transactions required once during each
				three-year cycle, and which advance the broker's practice of real estate by one
				or more of the following: improve broker transactional expertise focusing on,
				but not limited to, contractual and disclosure forms used in the practice of
				real estate, real estate title issues, contracts, and real estate transactional
				negotiating skills; improves broker business practices and professionalism
				focusing on, but not limited to, broker responsibilities and duties; improves
				broker awareness of issues that impact the public and real estate transactions
				focusing on, but not limited to, land development, jurisdictional taxation
				issues; or increases the broker knowledge of third party services within a
				transaction. The number of core elective hours required for both associate
				brokers and qualifying brokers is further defined at
				16.61.13.8
				NMAC.
(2) An elective category
				course shall consist of a course offered by a commission approved sponsor in
				real estate law and practice; real estate financing including mortgages and
				other financing techniques; material specific to the regulatory, and ethical
				practice of real estate; and real estate related local, state and federal laws
				including but not limited to fair housing, the Americans with Disabilities Act
				(ADA), and lead-based paint disclosure. This broad category of courses also
				includes some national designation and certifications offerings not already
				categorized as core electives; courses in personal and property protection for
				the broker and clients; broker skills-related offerings in using the computer,
				the internet, business calculators, and other technologies to enhance the
				broker's service to the public; other skills offerings related to broker
				professional development, broker customer relations skills, broker sales
				promotion including salesmanship, negotiation, marketing techniques, servicing
				the client, or similar courses.
(3)
				With the exception of courses taken in states with which New Mexico has a
				written license recognition agreement, non-acceptable continuing education
				classes shall include courses taken in fulfillment of another state's
				continuing education requirements. Other non-acceptable courses include
				mechanical office and business skills such as typing; speed reading; memory
				improvement; language report writing; offerings concerning physical well-being
				or personal development such as personal motivation; stress management; time
				management; dress-for-success; or similar courses.