Key reports, issues, and decisions of interest to licensees and/or the public are reported here from the most recent Commission meeting:
Pending Cases: The Commission entered into consent agreements to suspend 3 licenses; closed its case without action against 6 licensees; revoked 4 licenses; referred one case back to staff; and ordered hearings in cases involving 10 licensees.
License Applications Involving Character Issues: License applicants who have character issues such as prior criminal convictions or disciplinary action by another licensing board are separately considered by the Commission. Decisions are made based upon criminal background checks, information supplied by the applicant, and in-person interviews.
Total candidates considered: 26; total approved: 22.
License Examination Results: A summary of key data relating to persons taking the exam for the first time is provided below:
Individuals Tested for the First Time | ||||
Took prelicense course | Hold license from another state | |||
August 2020 | September 2019 through August 2020 | August 2020 | September 2019 through August 2020 | |
# Tested | 1008 | 7580 | 13 | 198 |
% Pass both sections | 35% | 47% | N/A | N/A |
% Pass National section | 66% | 80% | N/A | N/A |
% Pass State section | 36% | 49% | 38% | 36% |
Proposed Rule Text for Annual Rulemaking: The Commission reviewed the text for proposed rules in connection with its annual rulemaking. The Commission suggested various adjustments which will be reflected in a new draft to be presented at the October Commission meeting. At that time, the Commission will vote on whether to proceed with publication of the rule text for public comments.
Report on Continuing Education (CE) Course Completion: The Commission reviewed a report outlining the number of active brokers who have not yet taken their CE for the 2019-2020 fiscal year, the extended deadline for which is September 30, 2020. It was noted that since the date of the report, 7035 brokers remain CE deficient. Of those, 3028 need one elective and 4007 need two electives, 1714 are brokers-in-charge or broker-incharge eligible, including 376 brokers-in-charge with affiliated licensees. The Commission adopted language to be included in licensee requests for extensions of time to complete their CE beyond the September 30, 2020 deadline. The Commission also recommended adding a countdown clock to the Commission’s website showing the number of days left to complete CE.
Report on License Numbers: As of September 1, 2020, there are 111,260 brokers and firms licensed by the Commission, as follows:
Next Commission Meeting: The next Commission meeting will be held at 9:00 a.m., Wednesday, October 21, 2020, via Zoom online video.