Continuing Education Requirement for Broker’s Renewal

(a)Any time prior to renewal of an original broker’s license, the broker must satisfactorily furnish the evidence of successful completion of an additional ninety

(90)classroom hours of study selected among the following:

(1)real estate practice;

(2)real estate appraisal;

(3)property management;

(4)real estate finance;

(5)legal aspect of real estate;

(6)real estate office administration;

(7)general accounting;

(8)business law;

(9)escrow;

(10)real estate contracts; or

(11)any real estate-oriented study area.

(b)Of the ninety

(90)classroom hours, eighteen

(18)classroom hours must be in the consumer protection area of study:

(1)land use regulation;

(2)consumer disclosure;

(3)agency relationship; CH. 104 REAL ESTATE REGULATIONS

(4)fair practices;

(5)environmental regulation and considerations;

(6)taxation (real estate transaction); and

(7)probate.

(c)Thereafter, all brokers’ renewal shall be for a period of four

(4)years, with a continuing education requirement of sixteen

(16)hours every two

(2)years. Should the broker acquire more than the sixteen

(16)hours during the two

(2)year period, the excess hours may be credited to future renewal requirements.

(d)Any of the ninety

(90)classroom hours of study as outlined in this Section may be fulfilled by the completion of courses approved by the Guam Association of Realtors.