Rule
Changes Proposed
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 individuals licensed as
brokers and approved as instructors who are also 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.
A public hearing for comments on the proposed rule changes will be
held at 9:00 a.m., February 10, 2010 in the Conference Room of the Commission’s
office.