Section 08.88.095. Educational requirements after initial license.

   (a) In addition to the continuing educational requirements of AS 08.88.091(d), within one year after the date that the commission issues an initial license under this chapter, the licensee shall complete 30 hours of education approved by the commission under AS 08.88.091.
   (b) On the document representing an initial license, the commission shall include clear and prominent language stating that the license is subject to the licensee's completion of the educational requirements within one year after the date of the issuance of the license.
   (c) Within 30 days after the end of the one-year period, the licensee shall submit, on a form provided by the commission, a certification that the licensee has completed the educational requirements.
   (d) After a licensee submits the completed form under (c) of this section and pays the required fee, the commission shall issue a new license document to the licensee that does not contain the language required by (b) of this section.
   (e) If a licensee fails to complete the educational requirements within the one-year period or to provide the certification required by (c) of this section, the license automatically lapses 30 days after the end of the one-year period. However, the commission may reinstate the license under AS 08.88.241.
   (f) Notwithstanding the other provisions of this section, an individual who is issued an initial license as a real estate broker is not required to satisfy the educational requirements for that initial license if, immediately before the issuance, the individual is licensed as an associate real estate broker under this chapter.
   (g) In this section, "educational requirements" means the educational requirements of (a) of this section.

Authorities

8.88.071; 8.88.091; 8.88.098; 8.88.171; 8.88.221; 8.88.241; 8.88.251; 8.88.263

Notes

Implemented As

12 AAC 64.064
12 AAC 64.071
12 AAC 64.400
12 AAC 64.410
12 AAC 64.420
12 AAC 64.440
12 AAC 64.460
12 AAC 64.470

References

12 AAC 64.064
12 AAC 64.410
12 AAC 64.420
12 AAC 64.440
AS 8.88.071 .071">Sec. 08.88.071. Duties and powers of the commission; grounds for disciplinary sanctions.
AS 8.88.091 .091">Sec. 08.88.091. Education of applicants and licensees.
AS 8.88.098 .098">Sec. 08.88.098. Educational requirements after suspension.
AS 8.88.171 .171">Sec. 08.88.171. Eligibility for license.
AS 8.88.221 .221">Sec. 08.88.221. Fees.
AS 8.88.241 .241">Sec. 08.88.241. Reinstatement of lapsed license.
AS 8.88.251 .251">Sec. 08.88.251. Inactive license.
AS 8.88.263 .263">Sec. 08.88.263. License by endorsement.

History

(Sec. 4 ch 74 SLA 2005; am Sec. 3 ch 51 SLA 2007)