Feb. 20, 2017 – Florida’s real estate licensees will soon need to take an ethics course when renewing their license. The change, effective after Oct. 1, 2017, won’t add hours to the current CE requirement, however, and the new ethics course may also be accepted by your local association/board of Realtors as required Code of Ethics training.
After Oct. 1, three of the 14 continuing education (CE) required hours must include an Ethics and Business Practices course approved by the Florida Real Estate Commission (FREC), which is addressed in FREC rule 3.009(2)(b).
After Oct. 1 of this year, you must complete the following continuing education hours for license renewal:
- 3-hour Core Law course
- 3-hour Ethics and Business Practices course
- 8-hours of Specialty courses (which may include a 2nd Core Law course)
The change does not impact post-education requirements, which apply to first-time renewal of an initial license.
The change could make it easier for members to obtain NAR’s mandatory biennial Code of Ethics training. Since FREC and NAR will require an ethics class after Oct. 1, a single class, if approved by both your local association and FREC, may also suffice as Code of Ethics training.
“As long as the Code of Ethics course that Realtors complete to meet their biennial NAR ethics requirement is taken during the licensee’s renewal cycle and approved by FREC as a 3-hour Ethics and Business Practices course, this one course should satisfy both NAR and the new continuing education component requirement,” says Meredith Caruso, Florida Realtors manager of member legal communications.
Schools or providers are urged to review other rule changes as they cover the course submission and approval process.