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Before applying for a broker's license, the applicant must show evidence of
completion of ___ hours of current educational instruction in real estate
courses approved by the real estate commission. At least ___ of those
hours must be in courses emphasizing broker's responsibilities.
150
30
Each person obtaining an initial salesperson's license shall complete
___ post- license education hours within ___ days after the initial
license date.
45
180
Post-license education hours may be used to satisfy __ hours of the __ hour
annual continuing education requirement.
8
12
,Inactivity for 1 to 3 years
20 hours of continuing ed
Inactivity for 3 to 5 years
40 hours of continuing ed
___ hours of continuing ed is required of all licensees.
Broken down into ___ classes.
12
4
The transfer of active salesperson and broker licenses must be processed
through the LREC. Salespersons must request that their present sponsoring
broker return their license to the real estate commission. Their
sponsoring broker is required to comply with the request within ___
days.
5
One of the major powers of the Commission is to censure, suspend, or
revoke the licenses of brokers, salespersons and registered timeshare
interest
salespersons for cause.
, If charges are brought against a licensee following a complaint and
subsequent investigation, a written notice of the charges must be received
by the licensee, at least ___ days prior to his/her scheduled hearing before
the Commission. The licensee's broker sponsoring broker must be
notified of the charges and the
scheduled hearing as well. The hearing may be an ______ hearing or formal
_____ hearing.
20 days
Informal adjudicatory or formal adjudicatory
The broker's name and telephone number must appear in all advertising.
All advertising must represent the property accurately.
Licensed brokers or salespersons advertising property, which they
own, must include the term in all printed and other materials.
owner/agent
All advertisements of residential property must have a that the
advertisement
is published or distributed on.
date
If the advertisement is published in a magazine or newspaper the date of
the publication is sufficient.