Chapter REEB 12

REEB 12.017(1)(a)2. 2. Completion of a real estate salesperson’s education program under s. REEB 25.033 or completion of 10 semester hour credits in real estate or real estate related law courses from an accredited institution of higher education.

REEB 12.017(1)(b) (b) Completion of nonresident broker equivalency under s. REEB 25.028.

REEB 12.017(1)(c) (c) Completion of 20 semester hour credits in real estate or real estate law courses at an accredited institution of higher education. A quarter hour credit equals 2/3 of a semester hour credit.

REEB 12.017(1)(d) (d) The applicant is licensed to practice law in this state.

REEB 12.017(2) (2) Examination requirements. Except as provided in sub. (4) and s. REEB 12.012, each applicant for a real estate broker’s license shall read and write a comprehensive examination in English, testing the applicant’s competency to transact the business of a real estate broker. The examination shall be in conformity with s. 452.09 (3), Stats.

REEB 12.017(3) (3) Experience requirements. Except as provided in sub. (4) and s. REEB 12.012:

REEB 12.017(3)(a) (a) Each individual applicant for a real estate broker’s license shall submit evidence satisfactory to the board that the applicant has practiced as a licensed salesperson under the direct supervision of a licensed broker for at least 2 years within the last 4 years preceding the date of the application. Except as provided in pars. (b) to (d), the evidence shall demonstrate that the applicant’s experience as a licensed salesperson qualifies the applicant for a total of at least 40 points based on the following point system:

REEB 12.017(3)(a)1. 1. Each completed or closed residential transaction is worth 5 points.

REEB 12.017(3)(a)2. 2. Each completed or closed commercial transaction is worth 10 points.

REEB 12.017(3)(a)3. 3. Each property management contract is worth 0.5 points per month.

REEB 12.017(3)(a)4. 4. Each completed or closed time share is worth one point.

REEB 12.017(3)(b) (b) An applicant who is licensed to practice law in this state may satisfy the requirement under par. (a) by submitting to the board any of the following:

REEB 12.017(3)(b)1. 1. Evidence satisfactory to the board that the applicant has experience related to real estate.

REEB 12.017(3)(b)2. 2. Evidence that the applicant has at least one year experience as a licensed salesperson under the direct supervision of a licensed broker that qualifies the applicant for a total of at least 20 points based upon the point system in par. (a) 1 to 4.

REEB 12.017(3)(c) (c) An applicant who holds a current certificate of financial responsibility under s. 101.654, Stats., may satisfy the requirement under par. (a) by submitting to the board any of the following:

REEB 12.017(3)(c)1. 1. Evidence satisfactory to the board that the applicant has experience related to real estate sales.

REEB 12.017(3)(c)2. 2. Evidence that the applicant has at least one year experience as a licensed salesperson under the direct supervision of a licensed broker that qualifies the applicant for a total of at least 20 points based upon the point system in par. (a) 1 to 4.

REEB 12.017(3)(d) (d) Except as provided in a reciprocal agreement under s. 452.05 (3), Stats., a nonresident applicant may satisfy the requirement under par. (a) by submitting to the board evidence satisfactory to the board that the applicant has been a licensed broker under the laws of another state for at least 2 years within the last 4 years preceding the date of the applicant’s application.

REEB 12.017(4) (4) Reciprocity. An applicant who is licensed as a broker in a state or territory that has entered into a reciprocal agreement with this state shall be licensed according to the terms of the reciprocal agreement.

REEB 12.017 History History: CR 15-010: cr. Register September 2015 No. 717, eff. 10-1-15; correction in (3) (intro.) made under s. 35.17, Stats., Register September 2015 No. 717; CR 21-055: am. (1) (intro.), (2), (3) (intro.) Register March 2022 No. 795, eff. 4-1-22; CR 21-018: am. (3) (a) Register August 2023 No. 812, eff. 9-1-23; CR 23-075: am. (3) (a) (intro.), (d) Register August 2024 No. 824, eff. 9-1-24.

REEB 12.025 REEB 12.025 Examinations.

REEB 12.025(1m) (1m) Passing Score. The board shall determine the level of examination performance required for minimum acceptable competence after consultation with subject matter experts who have received a representative sample of the examination questions and available candidate performance statistics. The board shall set the passing score at the point that represents minimum acceptable competence in the profession.

REEB 12.025(2) (2) Review. All applicants who obtain a failing score shall receive a report detailing the results of the applicant’s examination in the major content areas of the examination.

REEB 12.025(3) (3) Cheating on examination. An applicant may not give or receive unauthorized assistance during an examination, violate the rules of conduct of the examination, or otherwise act dishonestly. The action taken by the board for a violation of this section shall be related to the seriousness of the offense. An action may include withholding the score of the applicant, entering a failing score for the applicant, and suspending the ability of the applicant to sit for the next scheduled examination after the examination at which the conduct occurred.

REEB 12.025 Note Note: This section interprets or implements s. 452.09 (3), Stats.

REEB 12.025 History History: Cr. Register, December, 1976, No. 252, eff. 1-1-77; r. and recr. Register, December, 1978, No. 276, eff. 1-1-79; renum. from REB 2.035, Register, February, 1981, No. 302, eff. 3-1-81; renum. from REB 2.025, Register, February, 1983, No. 326, eff. 3-1-83; r. (3), Register, July, 1998, No. 511, eff. 8-1-98; CR 15-010: am. (title), r. (1), cr. (1m), am. (2), renum. (3) from REEB 12.026 Register September 2015 No. 717, eff. 10-1-15; CR 23-075: am. (2), (3) Register August 2024 No. 824, eff. 9-1-24.

REEB 12.04 REEB 12.04 Renewal and reinstatement.

REEB 12.04(1) (1) Renewal less than 5 years after license expiration.

REEB 12.04(1)(a) (a) If a licensee renews their real estate license less than 5 years after the renewal date, as defined in s. 440.01 (1) (dm), Stats., the licensee shall pay the applicable renewal fee and late renewal fee specified in s. 440.08, Stats., and provide evidence of having satisfied the continuing education required by s. 452.12 (5), Stats., during the biennium preceding the date of renewal of the license.

REEB 12.04(1)(c) (c) The licensee shall before the next renewal date satisfy the continuing education required of all licensees during the biennium in which the licensee renews the license.

REEB 12.04(2m) (2m) Renewal of license more than 5 years after license expiration.

REEB 12.04(2m)(a) (a) General. A licensee with an expired license may not reapply for the license using the initial application process.

REEB 12.04(2m)(b) (b) Salesperson license. A licensee who renews a salesperson license more than 5 years after the license expiration shall submit evidence of all of the following:

REEB 12.04(2m)(b)1. 1. ‘Education.’ Completion of any of the following:

REEB 12.04(2m)(b)1.a. a. Real estate salesperson education under s. REEB 25.033 within 5 years of renewal of license.

REEB 12.04(2m)(b)1.b. b. Ten semester hour credits in real estate or real estate law courses from an accredited institution of higher education.

REEB 12.04(2m)(b)1.c. c. Real estate salesperson education under s. REEB 25.038. This option only applies to a licensee who held an active license in another jurisdiction within 2 years of renewal of Wisconsin license.

REEB 12.04(2m)(b)2. 2. ‘Examination.’ Passage of the examination required under s. REEB 12.013 (2).

REEB 12.04(2m)(b)3. 3. ‘Continuing education.’ Completion of the continuing education required by s. 452.12, Stats., for the biennium preceding the date of renewal of the license. A licensee completing education under subd. 1. a. or c. meets the continuing education requirement.

REEB 12.04(2m)(c) (c) Broker license. A licensee who renews a broker license more than 5 years after the license expiration shall submit evidence of all of the following:

REEB 12.04(2m)(c)1. 1. ‘Education.’ Completion of any of the following:

REEB 12.04(2m)(c)1.a. a. Real estate business management education under s. REEB 25.023 and real estate salesperson’s education under s. REEB 25.033 within 5 years of renewal of license. The real estate salesperson education is not required if the license is currently licensed in this state as a real estate salesperson.

REEB 12.04(2m)(c)1.b. b. Completion of 20 semester hours credits in real estate or real estate law at an accredited institution of higher education.

REEB 12.04(2m)(c)1.c. c. Education under s. REEB 25.028. This option only applies to a licensee who held an active license in another jurisdiction within 2 years of renewal of Wisconsin license.

REEB 12.04(2m)(c)1.d. d. A licensee who is also licensed to practice law in this state meets the education requirement.

REEB 12.04(2m)(c)2. 2. ‘Examination.’ Passing the broker and salesperson examinations required under ss. REEB 12.013 (2) and 12.017 (2).

REEB 12.04(2m)(c)3. 3. ‘Experience.’ Practicing as a licensed salesperson under the direct supervision of a licensed broker for at least 2 years within the last 4 years preceding the date of renewal or has experience related to real estate by any of the following:

REEB 12.04(2m)(c)3.a. a. Accumulation of a total of at least 40 points based on the point system under s. REEB 12.017 (3) (a).

REEB 12.04(2m)(c)3.b. b. Meeting the requirement under s. REEB 12.017 (3) (b).

REEB 12.04(2m)(c)3.c. c. Meeting the requirement under s. REEB 12.017 (3) (c).

REEB 12.04(2m)(c)3.d. d. A licensee who held an active broker license in another jurisdiction within 2 years of renewal of a Wisconsin license meets the experience requirement.

REEB 12.04(2m)(c)4. 4. ‘Continuing education.’ Completion of the continuing education required by s. 452.12, Stats., for the biennium preceding the date of renewal of the license. A licensee completing education under subd. 1. a. or c. meets the continuing education requirement.

REEB 12.04(2m)(d) (d) Continuing Education Requirement. All licensees renewing under pars. (b) and (c) shall before the next renewal date satisfy the continuing education required during the biennium in which the license is renewed.

REEB 12.04(3) (3) License reinstatement.

REEB 12.04(3)(a) (a) A licensee who has a license with unmet disciplinary requirements that has not been renewed within 5 years of the renewal date or whose license has been surrendered or revoked may submit an application for reinstatement with all the following:

REEB 12.04(3)(a)1. 1. Evidence of completion of requirements in sub. (2m) (b) or (c) if the licensee has not held an active Wisconsin license within the last 5 years.

REEB 12.04(3)(a)2. 2. Evidence of completion of disciplinary requirements, if applicable.

REEB 12.04(3)(a)3. 3. Evidence of rehabilitation or change in circumstances warranting reinstatement of license.

REEB 12.04(3)(b) (b) A licensee may not reapply for a license through the initial application process if the licensee has unmet disciplinary requirements and failed to renew the license within 5 years of the renewal date or whose credential has been surrendered or revoked. A licensee may not practice real estate prior to being granted reinstatement of the license.

REEB 12.04 History History: Emerg. cr. 6-16-87; cr. Register, December, 1987, No. 384, eff. 1-1-88; r. and recr. Register, March, 1990, No. 411, eff. 4-1-90; r. and recr., Register, September, 1993, No. 453, eff. 10-1-93; am. (2) (intro.), cr. (2) (a) 4., Register, July, 1998, No. 511, eff. 8-1-98; am. (1) (a), r. (1) (b), Register, August, 1999, No. 524, eff. 9-1-99; correction in (1) (a), (2) (a) 1., 2., (b) 1., 2. made under s. 13.92 (4) (b) 7., Stats., Register November 2011 No. 671; CR 13-100: am. (1), (2) Register September 2014 No. 705, eff. 10-1-14; CR 15-010: am. (title), cons. and renum. (1) (intro) and (a) to (1) (a) and am., am. (1) (c), r. (2), cr. (2m), (3) Register September 2015 No. 717, eff. 10-1-15; CR 23-075: am. (1) (a), (2m) (b) 3., (c) 4. Register August 2024 No. 824, eff. 9-1-24; correction in (2m) (b) 3., (c) 4. made under s. 35.17, Stats., Register August 2024 No. 824.