Law Book - Arizona Department of Real Estate

109 CHAPTER 28. STATE REAL ESTATE DEPARTMENT R4-28-404
and possess a Certificate of School Approval from the Department. The school’s authorized representative
shall provide the following information on or with the Certificate of School Approval form:
1. The name, address, telephone number, and fax number, if any, of the school;
2. The name of the owner and d.b.a. name, if any;
3. Whether the owner is a sole proprietorship, partnership, trust, limited liability company, or corporation;
4. The name, address, telephone number, and percentage ownership of each person, entity, or beneficiary
holding or controlling 10% or more financial interest in the school;
5. The name of each individual authorized to act on behalf of the school and sign continuing education
certificates or prelicensure verifications, or both;
6. The name, business address, and telephone number of all current and prospective administrators,
directors, and instructors;
7. In addition to the information required in R4-28-301(A), each school owner, administrator, director, and
instructor shall provide a statement of the individual’s:
a. Education,
b. Teaching experience, and
c. Employment history.
8. If the owner is a partnership, a copy of the partnership agreement naming the partner authorized to act
on its behalf;
9. If the owner is a corporation or limited liability company, a copy of:
a. A corporate or company resolution or operating agreement naming the officer, member, or manager
authorized to execute the Certificate of Approval form;
b. A current Certificate of Good Standing from the Arizona Corporation Commission;
c. The latest annual report on file with the Arizona Corporation Commission;
d. The Articles of Incorporation or Organization, as amended.
10. The location of school registration and licensing certification records.
B. Certificate of Course Approval. Any school offering a course of study for original or renewal licensure of a
real estate applicant shall apply for and possess a Certificate of Course Approval for each course offered
by the school. The school’s authorized representative shall submit the following information:
1. The school name, address, telephone number, and fax number, if any;
2. The authorized representative’s name, title, and signature;
3. The title of the course;
4. A detailed outline of course material content that clearly lists the subject matter to be covered;
5. The date, time, and location of the anticipated presentation, if known;
6. The number of credit hours requested. The time allocated by a school for examination shall not be
included in calculating credit hours if the examination is used for overall evaluation.
7. The category of approval requested;
8. A definition of segments if the course is to be offered in part and in its entirety;
9. If video or audio tapes will be used as instructional aids, the percentage of the class they will comprise;
10. The name of every instructor who will teach the course; and
11. The date of the application.
C. Instructor approval. Any person wishing to teach an approved real estate course shall apply for an
instructors approval, and shall have at least one of the following in the proposed subject area:
1. A bachelor’s or master’s degree in an area traditionally associated with real estate, such as business,
law, economics, marketing, and finance;
2. An award of a generally-recognized professional real estate designation, such as Certified Commercial
Investment Member, Graduate Realtor Institute, Certified Residential Specialist, Independent Fee
Appraiser, or Member of the Appraisal Institute, and two years of postsecondary education from an
accredited institution;
3. Experience in real estate, and a bachelor’s degree in education with a valid certificate issued within 15
years of the date of application for instructor approval;
4. A real estate salesperson’s or broker’s license, and is an employee or former employee of a regulatory
agency;
5. A Distinguished Real Estate Instructor designation, with credentials in the specific subject;
6. At least three years real estate or specific subject experience; or
7. Other education or experience determined by the Commissioner to qualify the applicant as an
instructor.
D. The school shall maintain a record for five years of each student attending the school. The record shall
include:
1. The name of each student;
2. The dates of attendance;
3. The title of each course taken;
4. The course number, category, and credit hours awarded;