12 AAC 64.500. Continuing education requirements

(a) For the purposes of AS 08.88.091 (d), the commission will accept only those continuing education courses that meet the real estate education standards of 12 AAC 64.400 - 12 AAC 64.470, including courses in the following subject areas:

(1) agency relationships;

(2) closing transactions;

(3) common interest ownership and resale certificates required under AS 34.08.590 ;

(4) communications, negotiations, and real estate counseling skills;

(5) repealed 6/28/97;

(6) contracts;

(7) energy conservation;

(8) health, safety, and environmental issues;

(9) fair housing and equal opportunity laws;

(10) financing real estate;

(11) foreclosure, judgments, and bankruptcy;

(12) international real estate transactions;

(13) land use, planning, zoning, and building codes;

(14) legal descriptions;

(15) listing responsibilities;

(16) marketing property;

(17) new construction;

(18) prohibited conduct;

(19) property disclosure and inspections;

(20) residential property management;

(21) property valuation;

(22) real estate brokerage management;

(23) real estate investment analysis;

(24) real estate property law;

(25) real estate license law;

(26) securities;

(27) title insurance and lien law;

(28) trust account management;

(29) trusts, estates, and probate;

(30) ethical decision-making in real estate transactions;

(31) community association management;

(32) community association documents;

(33) risk management;

(34) Alaska landlord tenant law;

(35) customer client service;

(36) commercial property management; and

(37) tax law and exchanges.

(b) An applicant for renewal of a broker, associate broker, or salesperson license must complete the following continuing education contact hours during the concluding licensing period:

(1) an eight-hour continuing education core curriculum, identified by the commission, that stresses current trends in real estate practices and changes in state, federal, and case law in the areas of real estate sales, property management, community association management, or commercial sales; and

(2) 12 contact hours of continuing education in elective topics that meet the requirements in (a) of this section.

(c) At least 120 days before the beginning of each licensing period, the commission will identify topics in which all licensees will be required to obtain eight contact hours of continuing education credit under (b)(1) of this section during the next licensing period.

(d) By October 1 of each odd-numbered year, the commission will, or the division staff at the commission's direction shall notify course sponsors of the topics that satisfy the requirements in (b)(1) of this section for the next renewal period.

(e) While useful to the practice of real estate, the following types of training do not meet the continuing education standards of the commission:

(1) mechanical office or business skills, including typing, speed-reading, or use of a calculator or computer, unless related to one of the subject areas listed in (a) of this section;

(2) office sales meetings;

(3) orientation courses by professional organizations;

(4) instructor development courses;

(5) prospecting;

(6) repealed 2/12/99.

(f) No more than 12 contact hours of credit from any one course content area may be accrued toward license renewal in a single licensing period.

(g) An applicant for license renewal who creates a new course that is approved for credit under 12 AAC 64.410 may earn continuing education credit equal to the number of hours approved for the course.

(h) An applicant for renewal may not accrue continuing education contact hours for taking the same, or substantively identical, course more than once during a licensing period.

(i) An applicant for renewal may not earn real estate continuing education contact hours for courses taken before the applicant was originally licensed.

(j) An applicant for renewal who, at the time the license is due to lapse, will have been licensed

(1) 12 complete months or more must complete 20 contact hours of continuing education;

(2) less than 12 complete months but more than 90 days must complete 10 contact hours of continuing education consisting of the eight required contact hours in topics identified under (b)(1) of this section and two contact hours in elective topics that meet the requirements of (b)(2) of this section;

(3) 90 days or less is not required to meet continuing education requirements.

(k) Repealed 7/16/94.

( l ) Repealed 7/16/94.

(m) For the purposes of this section and AS 08.88.091

(1) one contact hour equals a minimum of 50 minutes of instruction;

(2) one academic semester credit hour equals 15 contact hours;

(3) one academic quarter credit hour equals 10 contact hours.

History: Eff. 10/8/90, Register 116; am 3/6/91, Register 117; am 7/16/94, Register 131; am 6/28/97, Register 142; am 2/12/99, Register 149; am 11/1/2003, Register 168

Authority: AS 08.88.081

AS 08.88.091

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