STATEMENT OF SCOPE
REAL ESTATE EXAMINING BOARD
Relating to: | License Renewal and Continuing Education |
1. Finding/nature of emergency (Emergency Rule only):
N/A
2. Detailed description of the objective of the proposed rule:
The objective of the proposed rule is to update and clarify provisions relating to original, renewal and expired real estate broker and salesperson licenses. Additionally, the rule seeks to update and clarify provisions relating to continuing education and requirements for real estate brokers and real estate salespersons.
3. Description of the existing policies relevant to the rule, new policies proposed to be included in the rule, and an analysis of policy alternatives:
Wisconsin Administrative Code Chapter REEB 12 details information regarding real estate broker and salesperson license application and renewal requirements. Wisconsin Administrative Code Chapter REEB 25 specifies education requirements for real estate brokers and salespeople, including necessary continuing education requirements. The Board has identified the need to review both Chapters and propose changes that will serve to clarify and correct current real estate license and continuing education requirement provisions. The alternative to making these updates is that license and continuing education requirements will continue to be inconsistently interpreted by those currently within and interested in entering the profession.
4. Detailed explanation of statutory authority for the rule (including the statutory citation and language):
Section 15.08 (5) (b), requires all examining boards to “…promulgate rules for its own guidance and for the guidance of the trade or profession to which it pertains, and define and enforce professional conduct and unethical practices not inconsistent with the law relating to the particular trade or profession.” Section 227.11 (2) (a), Stats., authorizes all agencies to promulgate rules interpreting the statutes it enforces or administers, when deemed necessary to effectuate the purpose of such statutes. Section 452.07 (1), Stats., obligates the Real Estate Examining Board to “…promulgate rules for the guidance of the real estate profession and define professional conduct and unethical practice.” 5. Estimate of amount of time that state employees will spend developing the rule and of other resources necessary to develop the rule:
Approximately 80 hours.
6. List with description of all entities that may be affected by the proposed rule:
Real Estate Agents and Brokers credentialed in Wisconsin and those looking into entering the profession.
7. Summary and preliminary comparison with any existing or proposed federal regulation that is intended to address the activities to be regulated by the proposed rule:
None.
8. Anticipated economic impact of implementing the rule (note if the rule is likely to have a significant economic impact on small businesses):
None to minimal. This rule is not likely to have a significant economic impact on small businesses.
