21 NCAC 58A .1708. EQUIVALENT CREDIT

(a)  A licensee may request that the Commission award continuing education credit for a course taken by the licensee that is not approved by the Commission, or for some other real estate education activity, by making such request on a form prescribed by the Commission and submitting a nonrefundable evaluation fee of thirty dollars ($30.00) for each request for evaluation of a course or real estate education activity.  In order for requests for equivalent credit to be considered and credits to be entered into a licensee's continuing education record prior to the June 30 license expiration date, such requests and all supporting documents must be received by the Commission on or before June 10 preceding expiration of the licensee's current license, with the exception that requests from instructors desiring equivalent credit for teaching Commission-approved continuing education courses must be received by June 30.  Any equivalent continuing education credit awarded under this Rule shall be applied first to make up any continuing education deficiency for the previous license period and then to satisfy the continuing education requirement for the current license period; however, credit for an unapproved course or educational activity, other than teaching an approved elective course, that was completed during a previous license period shall not be applied to a subsequent license period.

(b)  The Commission may award continuing education elective credit for completion of an unapproved course which the Commission finds equivalent to the elective course component of the continuing education requirement set forth in Section .0300 of Subchapter 58E.  Completion of an unapproved course may serve only to satisfy the elective requirement and shall not be substituted for completion of the mandatory update course.

(c)  Real estate education activities, other than teaching a Commission-approved course, which may be eligible for credit include: developing a Commission-approved elective continuing education course; authorship of a published real estate textbook; and authorship of a scholarly article, on a topic acceptable for continuing education purposes, which has been published in a professional journal such as a law journal or professional college or university journal or periodical.  The Commission shall award continuing education elective credit for activities which the Commission finds equivalent to the elective course component of the continuing education requirement set forth in Section .0300 of Subchapter 58E.  No activity other than teaching a Commission-developed mandatory update course shall be considered equivalent to completing the mandatory update course.

(d)  The Commission shall award credit for teaching the Commission-developed mandatory update course and for teaching an approved elective course.  Credit for teaching an approved elective course shall be awarded only for teaching a course for the first time.  Credit for teaching a Commission-developed mandatory update course shall be awarded for each licensing period in which the instructor teaches the course.  The amount of credit awarded to the instructor of an approved continuing education course shall be the same as the amount of credit earned by a licensee who completes the course.  Licensees who are instructors of continuing education courses approved by the Commission shall not be subject to the thirty dollars ($30.00) evaluation fee when applying for continuing education credit for teaching an approved course.  No credit toward the continuing education requirement shall be awarded for teaching a real estate prelicensing  or postlicensing course.

(e)  A licensee completing a real estate appraisal prelicensing, precertification or continuing education course approved by the North Carolina Appraisal Board may obtain real estate continuing education elective credit for such course by submitting to the Commission a written request for equivalent continuing education elective credit accompanied by a nonrefundable processing fee of twenty dollars ($20.00) and a copy of the certificate of course completion issued by the course sponsor for submission to the North Carolina Appraisal Board.

 

History Note:        Authority G.S. 93A-3(c); 93A-4.1;

Eff. July 1, 1994;

Amended Eff. April 1, 2006; July 1, 2001; July 1, 2000; March 1, 1996; July 1, 1995.