Real Estate Commission Continuing Education Requirements
Real Estate Commission: Continuing Education Requirements
- 36 hour CE Requirement for Associate Brokers: All active and inactive associate brokers shall successfully complete thirty-six (36) credit hours of continuing education in courses approved by the commission during each 3-year licensing cycle.
- 42 hour CE Requirement for Qualifying Brokers: All Qualifying Brokers (all Brokers serving in the capacity of a QB for a Brokerage) shall complete a total of 42 continuing education hours which includes the 6 hour Qualifying Broker Refresher Course. If a Broker has an upgraded license but is working in the capacity of an Associate Broker, they only need to fulfill the CE requirements at the Associate Broker level (i.e. 36 hour CE)
Rules which became effective on January 3, 2021, apply to any and all who renew after that date. The new rules require the following:
Composition of the 36 Hours for Associate Brokers and 42 Hours for Qualifying Brokers: Of those 36 hours for ABs and 42 hours for QBs, you must have the following:
- Annual Core Course Requirement. The rules require that each licensee have 12 cumulative hours comprised of the annual 4 hour NMREC Core Course series; OR the 8 hour NMREC Mandatory course which was no longer offered after Dec 31, 2016. Remember that the 4 hour NMREC Core is to be an annual requirement within the context of the licensees’ 3-year cycle. Click Here to Access the NMREC Core Course Planning Guide and see which annual iterations of the NMREC Core Course apply to a specific 3-year cycle.
- Ethics Requirement: 4 hour ethics elective (There are online options). This requirement is not the same as requirements from various Realtor Associations or National Assocation of Realtors groups for membership compliance although it is possible that a course taken to meet those requirements may be considered for CEU credits for licensure renewal. Click the following link to acces a list of Ethics designated courses that may help meet the Commision’s license renewal requirement:
- Core Elective Requirement: These are Commission approved courses which have received a “core elective” designation (marked with a C on certificates and on the official list of approved courses. Associate Brokers are required to take 4 core elective hours per cycle; Qualifying Brokers are required to take 8 hours of core electives per cycle.
- Qualifying Broker Refresher Course: Qualifying Brokers are required to take the 6 hour QB Refresher. The Commission is awarding 6 CEUs for this course. ABs may take the QB Refresher for 6 hours of Elective credit but they are not required to take the course.
- Property Management CE Requirements:
Submission of a Property Management Declaration Form: This Property Management Declaration form is available for QBs and ABs by going to the Forms and Applications Tab of this website:
- Qualifying Brokers: 42 Total Hours including the 6 hour QB Refresher; 6 hour NM Uniform Owner Resident Relations Act Course or commission approved 6 hour Commercial Property Management Course. Additionally, QBs must take an additional 12 hours of property management courses within their three year 36 hour cumulative minimum requirement.
- Associate Brokers: 6 hour NM Uniform Owner Resident Reations Act Course or commission approved 6 hour Commercial Property Management Course. Additionally, ABs must take an additional 6 hours of property management courses within their three year 36 hour cumulative minimum requirement.
- Commission Meeting Attendance Requirement for all Property Managers including Associate Brokers. The following Property Manager CE Tracking Sheets will be helpful. These are available on the Forms and Applications TAB of the Commission Web page. They are also available above / on this page.
For the Core Course Schedule and other course schedules and online offerings, please click on the following link (be patient; it takes a while to load up) Core Course Offerings
MREC Core Course Planning Guide
On Line Courses
Exemption from Continuing Education: The only exemption to the continuing education requirement applies ONLY to brokers who have attained sixty-five (65) years of age AND have attained twenty (20) years continuous years of licensure in New Mexico prior to July 1, 2011. This is an exemption created in the Statutes of New Mexico.
Training Hours vs. Education Hours: Ten (10) credit hours may be credited toward the continuing education requirement from approved training category courses. Twenty six (26) must be taken from approved education category courses
Prelicensing Courses as Continuing Education: Commission approved pre-licensing courses may count for up to ten (10) credit hours toward continuing education if the course is being used to upgrade from associate broker to qualifying broker.
New Broker Business Practices or CCIM 101 Post Licensing Requirement: By NMREC Rule, either the New Broker Business Practices or the CCIM 101 Course is to be taken by all new Associate Broker licensees within the first year of licensure. The commission approved thirty (30 classroom hour) New Broker Business Practices course may count for up to ten (10) credit hours toward continuing education.
QB Required to take 8 hours of core electives: All QB’s will be require to take 8 hours of any core elective unless the QB practices Property Management.
QB Property Management requirement: All Property Managers must submit the appropriate Property Management Declaration which iterates their relative property management continuing education requirements each cycle. QB Property Managers must take the 6 hour NM Uniform Owner Resident Relations Act Course OR the commission approved 6 hour Commercial Property Management Course. Additionally, QBs must take an additional 12 hours of property management courses within their three year 36 hour cumulative minimum requirement. The Qualifying Broker Property Management Declaration Form can be accessed in the Forms and Applications Tab of this web site.
A Qualifying Broker/ Property Management Continuing Education Tracking sheet can be accessed in the Forms and Applications Tab of this web site.
Penalties for Failing to Take an Annual Iteration of the Core Course
[FAILING MEANS: BESIDES MISSING AN ANNUAL CORE COURSE, NOT BEING ABLE TO FIND A MAKEUP FOR THAT CORE COURSE]
Since the inception of the Annual Core Course requirement in January of 2017, a transition period of three years was necessary to allow licensees to get used to the requirement of having to take an annual Core Course. During that 3-year phase, someone who missed an “annual iteration” (issued by calendar year) of the core course was given opportunities to take “makeups” of a particular year’s issued core course based upon Core Course instructors’ willingness to offer those makeups. The makeups were market-driven. Through the middle of 2019, there was one instructor offering “makeups” for the 2017 core course year. Through November of 2019, there are still 2018 core course makeups available. Core Courses are issued to be taken in the calendar year it was issued.
Therefore, licensees should be cautious that the availability of annual core course “makeups” are solely dependent on the ability of core course instructors and their sponsors/schools to schedule and offer them. Students should know that an instructor’s scheduling of any calendar year iteration of the core course cannot be scheduled “on demand” or “one on one.” There is a minimum number of students required for a core course to be scheduled. In short, the scheduling of any core course make up is at the sole discretion of the instructor/sponsor.
If a makeup is not available, then the licensee will be subject to the Penalty as stated in the Rules of the Real Estate Commission which in lieu of the annual core course(s) that was missed, must be fulfilled as a condition of renewal. The effective date of this penalty clause is 1/1/2020.
Penalty: Beginning January 1, 2020, there will be a renewal penalty for missing any year’s core course within the licensee’s three-year cycle. The penalty will be to take the 30 classroom hour Broker Basics course for 0 CEUs.
The two most common causes of licensees missing a core course are: 1. Waiting until the last minute to find
an available course, and, 2. Simply not knowing the Rules of the Real Estate Commission. Inactive licensees
have the same requirements and are expected to fulfill the annual core course requirement.