The commission shall adopt rules providing for continuing education courses in selling, leasing or managing residential, commercial and industrial property as well as courses in basic real estate law and practice and other courses prescribed by the commission. The regulations shall require that every licensee except licensees who were already exempted from continuing education requirements prior to July 1, 2011, as a condition of license renewal, successfully complete a minimum of thirty classroom hours of instruction every three years in courses approved by the commission. The rules may prescribe areas of specialty or expertise and may require that part of the classroom instruction be devoted to courses in the area of a licensee's specialty or expertise.
History: 1978 Comp., § 61-29-4.1, enacted by Laws 1985, ch. 89, § 1; 1993, ch. 253, § 1; 2005, ch. 35, § 4; 2011, ch. 85, § 2; 2013, ch. 167, § 3.
The 2013 amendment, effective June 14, 2013, clarified the continuing education requirements; and in the second sentence, after "requirements prior to", deleted "the effective date of this 2011 act" and added "July 1, 2011" and after "successfully complete", added "a minimum".
The 2011 amendment, effective July 1 2011, required licensees over the age of sixty-five who were not exempt from the requirement prior to the enactment of Laws 2011, ch. 85 to comply with continuing education requirements.
The 2005 amendment, effective January 1, 2006, requires the real estate commission to adopt rules to provide for continuing education courses and for areas of specialty or expertise, but did not change the second sentence that requires the real estate commission to promulgate regulations to require the completion of thirty six hours of instruction every three years.
The 1993 amendment, effective June 18, 1993, deleted the A designation from the beginning of the section.
Structure New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses
Article 29 - Real Estate Brokers and Salesmen
Section 61-29-1 - Prohibition.
Section 61-29-1.1 - Recompiled.
Section 61-29-2 - Definitions and exceptions.
Section 61-29-3 - Criminal offender's character evaluation.
Section 61-29-4 - Creation of commission; powers and duties.
Section 61-29-4.3 - Regulation and licensing department; administratively attached.
Section 61-29-5 - Organization of commission.
Section 61-29-5.1 - Recompiled.
Section 61-29-6 - Meeting of the commission.
Section 61-29-7 - Reimbursement and expenses.
Section 61-29-8 - License fees; disposition.
Section 61-29-9 - Qualifications for license.
Section 61-29-10 - Application for license and examination.
Section 61-29-10.1 - Brokerage relationships; creation.
Section 61-29-10.2 - Licensee's duties; disclosure.
Section 61-29-10.3 - Repealed.
Section 61-29-11 - Issuance, renewal and surrender of licenses.
Section 61-29-12 - Refusal, suspension or revocation of license for causes enumerated.
Section 61-29-13 - Provision for hearing before suspension or revocation of license.
Section 61-29-15 - Maintenance of list of licensees.
Section 61-29-16 - Suit by qualifying or associate broker.
Section 61-29-16.1 - Foreign brokers; consent to service; referral fees.
Section 61-29-16.2 - Nonresident licensees; consent to service.
Section 61-29-17 - Penalty; injunctive relief.
Section 61-29-17.1 - Recompiled.
Section 61-29-17.2 - Unlicensed activity; civil penalty; administrative costs.
Section 61-29-18 - Interpretation of act.
Section 61-29-19.1 - Real estate education and training fund created; purpose; appropriation.
Section 61-29-20 - Short title.
Section 61-29-21 - Fund created.
Section 61-29-22 - Additional fees.
Section 61-29-24 - Commission; compromise.
Section 61-29-25 - Commission finding.
Section 61-29-26 - Insufficient funds.