Register September 2024 No. 825
Chapter REEB 25
EDUCATION
REEB 25.023 Real estate broker's pre-license business management program.
REEB 25.028 Nonresident broker education equivalency.
REEB 25.033 Salesperson's pre-license program.
REEB 25.038 Nonresident salesperson education equivalency.
REEB 25.055 Approval for pre-licensure education programs or courses.
REEB 25.065 Continuing education requirements for brokers and salespersons.
REEB 25.068 Approval for continuing education programs or courses.
REEB 25.09 Denial or withdrawal of approval.
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Note: Chapter REB 16 as it existed on October 31, 1979, was repealed and a new Chapter REB 16 was created effective November 1, 1979.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 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(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(6)
(6) “Evidence of completion" means an official transcript, student grade report, or board-approved certificate showing satisfactory completion of education 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 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;
CR 15-010: r. (2m), (5), (5m), am. (6), r. (8)
Register September 2015 No. 717, eff. 10-1-15.
REEB 25.023
REEB 25.023 Real estate broker's pre-license business management program. An education program in business management for applicants for a real estate broker's license shall consist of 72 hours. The education program in business management shall contain all of the following topics:
REEB 25.023(1)
(1) Contracts. Instruction relating to real estate contracts shall include all of the following:
REEB 25.023(1)(a)
(a) The definition of a contract, including the difference between a contract and an agreement.
REEB 25.023(1)(f)
(f) Drafting contracts and contingencies, including all of the following:
REEB 25.023(1)(g)
(g) Ending the contractual relationship, including all of the following:
REEB 25.023(1)(h)
(h) Acceptance and counteroffers, including the difference between acceptance and counteroffers.
REEB 25.023(2)
(2) Approved forms. Instruction relating to real estate approved forms shall include all of the following:
REEB 25.023(2)(b)
(b) The authorized practice of law, including all of the following:
REEB 25.023(3)
(3) Trust accounts, escrow, closing statement. Instruction relating to real estate trust accounts, escrow and closing statement shall include all of the following:
