The REALTOR® Code of Ethics course could satisfy both NAR and FREC mandates
The Florida Real Estate Commission this fall will mandate all real estate licensees take a three-hour ethics and business practices course as part of their license renewal requirements. The total number of hours needed to renew a Florida real estate license will remain the same at 14.
Under the updated continuing education 14-hour requirement, which takes effect on October 2, 2017, three of the required hours must include an ethics and business practices course approved by FREC. Licensees who must renew in the first cycle next year – the one ending on March 31, 2018 – will be impacted first in the continuing education requirement, but the requirement is ongoing and applicable to all license renewals after that date.
Once effective, a real estate license renewal must include three-hour core law course, three-hour ethics and business practices course and eight hours of specialty courses (which may include a second core law course).
The change does not impact post-education requirements that apply to renewal of an initial license.
In some cases, the NAR REALTOR® Code of Ethics biennial requirement can do double-duty as a CE course for license renewal.
According to Florida REALTORS®, as long as the REALTOR® 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 three-hour ethics and business practices course, that one course should satisfy both NAR and the new continuing education component requirements.