Every time I’m teaching, it seems questions come up regarding the education requirements from the Colorado Real Estate Commission. Most people remember that they need 24 hours every three years, but from there it gets a little fuzzy. So let’s review just what exactly is required by CREC:
- 24 hours of continuing education credits within every three-year renewal cycle
- Of that 24 hours, 12 hours must be different versions of the CREC Mandatory Update class, so that would equate to three different CREC Mandatory Updates within every three-year renewal cycle
- Remember that since 2009, CREC has been releasing CREC Mandatory Updates based on the calendar year (January 1-December 31), so there’s no need to wait until the 4th quarter (an old tradition that’s dying a slow death).
- The remaining 12 hours of required CE credits may be used on electives of your choice (eg. Contracts, GRI courses, NAR Ethics, etc.). Keep in mind that all classes must be approved by CREC and will have a course approval ID number.
- The NAR Ethics Update is often confused with the CREC Mandatory Update, but the two are entirely unrelated. The NAR Ethics Update is required by NAR (for those of you who are REALTORS) and your local Board; this class, which ranges from 3-6 hours in most places, counts towards your electives.
- CREC does not “magically” know about the classes you attend; there is no state-wide tracking system. At the time CREC audits you for your education credits, then you will be required to provide proof (your CE certs, so don’t lose them!) of your classes.
- If you don’t have the required 24 hours, CREC may place you inactive. BUMMER! Inactive means no practicing real estate, no commission checks, and no E&O insurance coverage. If you missed one of the CREC Mandatory Updates, your options are even less appealing (like taking the state portion of the exam again, or attending the three-day Broker Administration course), so please do not miss a CREC Update!
- The requirement for 24 hours of CE begins the day you receive your license; you do NOT have a “freebie” first year (another old tradition that’s dying a slow death). Apparently there are still a few folks out there preaching the “free first year”, but that ended years ago. So for those of you who are newer, make sure you’re attending those CREC Mandatory Updates!
It saddens me that education needs to be a requirement. Imagine what a beautiful world this would be if Brokers simply WANTED to better themselves voluntarily! Don’t stop at the minimum of 24 hours, go above and beyond. Seek classes that interest and inspire you to provide services to your Buyers and Sellers. Get the most out of your classes, and in turn you’ll get the most out of you!