Public Hearing Set for
Proposed Rule Changes
A public hearing for
comments on proposed rule changes will be held at 9:00 a.m., February 10, 2010
in the Conference Room of the Commission’s office.
Following is a summary
of proposed Commission rule changes which, if approved, would become effective
July 1, 2010:
• Require retention of trust account and
transaction records for a period of five years instead of three as the current
rules require.
• Add questions to the
Residential Property Disclosure Form for home sellers to disclose whether their
properties are located within one mile of the boundary of certain military
facilities and to disclose noise, air traffic, vibrations, lights and other
impacts from nearby military facilities.
• Allow postponement and
completion of continuing education, Broker-in-Charge, and postlicensing
courses, and the payment of license renewal fees for brokers and approved
instructors who are members of the
• Clarify when
and under what circumstances students in the Broker-in-Charge Course and in all
continuing education courses may be absent during the scheduled classroom hours
and still receive continuing education credit for attending the course.