§16-99-53

Application for registration

§16-99-53(c)(8)(C)The proposed new subsection deletes the surety bond requirement for schools offering independent study pre-license real estate salesperson and real estate broker courses delivered electronically or as approved by the commission.


New Rule


Old Rule
(c) The following shall accompany an application:

(8). A surety bond to the commission conditioned for the protection of the contractual rights of real estate students in an amount equal to the sum of:

(C) No bond shall be required to cover real estate students only enrolled in an independent study course delivered electronically or as approved by the commission;

(c) The following shall accompany an application:

(8) A surety bond to the commission conditioned for the protection of the contractual rights of real estate students in an amount equal to the sum of:

(C) N/A