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Register April 2012 No. 676
Chapter REEB 25
EDUCATION
REEB 25.005 Authority.
REEB 25.01 Definitions.
REEB 25.02 Educational requirements of applicant for an original real estate broker's license.
REEB 25.025 Satisfaction of broker's educational requirements by out-of-state applicants.
REEB 25.03 Educational requirements of applicant for an original real estate salesperson's license.
REEB 25.035 Satisfaction of salesperson's educational requirements by out-of-state applicants.
REEB 25.05 Requirements for approval of pre-license education courses taken for academic credit at an accredited institution of higher education.
REEB 25.06 Requirements for approval of pre-license noncredit programs and instructors.
REEB 25.065 Continuing education requirements for brokers and salespersons.
REEB 25.066 Requirements for approval of continuing education schools, courses and instructors.
REEB 25.07 Certification of attendance at pre-license and continuing education programs and courses.
REEB 25.075 Continuing education examination conducted by the department.
REEB 25.08 Investigation and review.
Ch. REEB 25 Note Note: Chapter REB 16 as it existed on October 31, 1979, was repealed and a new Chapter REB 16 was created effective November 1, 1979. Renumbered chapter RL 25, effective March 1, 1983. Chapter RL 25 was renumbered chapter REEB 25 under s. 13.92 (4) (b) 1., Stats., Register November 2011 No. 671.
REEB 25.005 REEB 25.005 Authority. The following rules are adopted pursuant to ss. 227.11 (2), 452.05, 452.07, 452.09 (2) and (3) and 452.12 (5) (c), Stats.
REEB 25.005 History History: Cr. Register, October 1979, No. 286, eff. 11-1-79; renum. from REB 16.005 and am. Register, February, 1983, No. 326, eff. 3-1-83; am. Register, January, 1992, No. 433, eff. 2-1-92.
REEB 25.01 REEB 25.01 Definitions. As used in this chapter, unless the context otherwise specifically requires:
REEB 25.01(1) (1) "Accredited institution of higher education" means a law school accredited by the American bar association or other schools accredited by one of the regional institutional accrediting commissions or associations which have been recognized by the U.S. department of education.
REEB 25.01(2) (2) "Board" means the real estate examining board.
REEB 25.01(2m) (2m) "Classroom education" means the provision of educational programs or courses to one or more students in a setting in which either an instructor is physically present with the students or a representative of an approved school is physically present with the students for the purpose of taking attendance and providing instruction by audiotape, cable television, satellite line or other similar method and the instructor is available for student questions by telephone or E-mail, or by a continuous 2-way audio or audiovisual connection.
REEB 25.01(3) (3) "Continuing education course" means an approved segment of a continuing education program required by the board pursuant to s. 452.05 (1) (d), Stats.
REEB 25.01(4) (4) "Continuing education program" means the total number of continuing education hours or subjects required by the board pursuant to s. 452.05 (1) (d), Stats.
REEB 25.01(5) (5) "Credit course" means a course which can be applied toward an associate degree or higher degree at an accredited institution of higher education.
REEB 25.01(5m) (5m) "Distance education" means the provision of educational programs or courses without an instructor or a representative of an approved school physically present with the students. "Distance education" includes, but is not limited to, the delivery of educational programs and courses on CD-ROM, computer disk, or the Internet.
REEB 25.01(6) (6) "Evidence of attendance" means an official transcript, student grade report, or board-approved certificate showing satisfactory completion of educational programs or courses.
REEB 25.01(7) (7) "Hour" means a period of 50 minutes of actual instruction and shall not include time spent in writing tests or examinations given by the school.
REEB 25.01(8) (8) "Noncredit program" means an educational program which does not satisfy requirements for an associate degree or higher degree at the school offering the educational program.
REEB 25.01 History History: Cr. Register, October, 1979, No. 286, eff. 11-1-79; renum. from REB 16.01 and am. (1) and (6), Register, February, 1983, No. 326, eff. 3-1-83; renum. (1) to (5) to be (2), (7), (5), (8), (1) and am. (8), cr. (3) and (4), am. (6), Register, January, 1992, No. 433, eff. 2-1-92; am. (1), Register, July, 1998, No. 511, eff. 8-1-98; cr. (2m), (5m), am. (3), (4) and (7), Register, August, 1999, No. 524, eff. 9-1-99; correction in (2) to (4), (6) made under s. 13.92 (4) (b) 6., Stats., Register November 2011 No. 671.
REEB 25.02 REEB 25.02 Educational requirements of applicant for an original real estate broker's license.
REEB 25.02(1)(1)Educational requirements. Each applicant for an original real estate broker's license shall satisfy any one of the following requirements:
REEB 25.02(1)(a) (a) Present evidence satisfactory to the board of successful completion, within 5 years before application for a license, of the educational program in sub. (2), which has been approved in accordance with this chapter, and either satisfy the salesperson's educational requirements in s. REEB 25.03 (3) or present evidence satisfactory to the board of licensure as a salesperson.
REEB 25.02(1)(b) (b) Submit proof that the applicant has received 20 semester hour credits in real estate or real estate related law courses from an accredited institution of higher education. A quarter hour credit equals 2/3 of a semester hour credit.
REEB 25.02(1)(c) (c) Submit proof that the applicant is licensed to practice law in Wisconsin.
REEB 25.02(2) (2)Broker's pre-license program. The educational program for applicants for an original real estate broker's license shall cover all of the following topics and shall be designed so that if the educational program were presented as classroom education, it would be presented in no less than 72 hours:
REEB 25.02(2)(a) (a) Contracts.
REEB 25.02(2)(a)1.1. Definition of a contract.
REEB 25.02(2)(a)1.a. a. Contract versus agreement.
REEB 25.02(2)(a)2. 2. Elements of a contract.
REEB 25.02(2)(a)2.b. b. Acceptance.
REEB 25.02(2)(a)2.c. c. Consideration.
REEB 25.02(2)(a)2.d. d. Competent parties.
REEB 25.02(2)(a)3. 3. Time is of the essence.
REEB 25.02(2)(a)4. 4. Acceptance versus counteroffers.
REEB 25.02(2)(a)5. 5. The law of conveyances.
REEB 25.02(2)(a)5.a. a. Conveyance defined.
REEB 25.02(2)(a)5.b. b. Requirements for a valid conveyance.
REEB 25.02(2)(a)6. 6. Agreement to arbitrate real estate transaction disputes — s. 788.015, Stats.
REEB 25.02(2)(a)7. 7. Commercial real estate commission lien — s. 779.32, Stats.
REEB 25.02(2)(b) (b) Approved forms.
REEB 25.02(2)(b)1.1. The forms approval process.
REEB 25.02(2)(b)1.a. a. Forms committee.
REEB 25.02(2)(b)1.b. b. Real estate examining board.
REEB 25.02(2)(b)1.c. c. Department of safety and professional services.
REEB 25.02(2)(b)2. 2. The authorized practice of law.
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