49 Pa. Code § 35.360 - Records
(a) A real estate
education provider shall maintain complete and accurate records in the
following areas:
(1)
Financial. The real estate education provider's assets and
liabilities and the sources and amounts of its income.
(2)
Physical plant. For the
main location and for each satellite location, the following:
(i) Copies of documentation showing
compliance with applicable building, fire safety and sanitary requirements
imposed by state, county or municipal governments.
(ii) A copy of the lease or rental agreement,
if the real estate education provider does not own the building being
used.
(3)
Personnel. The qualifications of each instructor and the
documentary evidence of those qualifications. See §
35.353 (relating to selection of
instructors).
(4)
Curriculum. For each course the real estate education provider
has offered, the following:
(i) The course
title.
(ii) The course
prerequisites.
(iii) The course
objectives.
(iv) The course
outline.
(v) The requirements for
successful completion of the course.
(vi) Copies of texts and other instructional
materials used in teaching the course.
(vii) The supplies required of students for
the course.
(viii) The course
schedule.
(ix) Copies of published
descriptions of the course.
(x) The
course instructor.
(5)
Scholastic. An academic transcript for each student which must
contain the following:
(i) The real estate
education provider's name and Commission approval number.
(ii) The location at which the course was
taught.
(iii) The name of the
student.
(iv) The course
title.
(v) The date that the
student completed the course.
(vi)
The number of hours of the course.
(vii) The student's final grade in the
course, if an examination is required for the course.
(viii) The date that the transcript was
issued.
(ix) The fact that the
course will be accepted by the Commission towards fulfillment of the education
requirement for either the real estate broker's examination or real estate
salesperson's examination, as the care may be.
(6)
Attendance.
(b) A real estate education
provider shall store its records at its main location. Upon termination of
operations, a real estate education provider shall transfer its records to the
designated custodian of records. The real estate education provider shall
notify the Commission whenever it changes the custodian of records.
(c) A real estate education provider shall
produce its records for examination by the Commission or its representatives
upon written request or pursuant to an inspection under §
35.362 (relating to inspection of
real estate education providers).
(d) A real estate education provider shall
make copies of a student's scholastic and attendance records available to the
student upon request.
(e) A real
estate education provider must retain attendance and scholastic records as
follows:
(1) Continuing education records must
be maintained for 4 years.
(2) All
other records must be retained for 10 years.
Notes
The provisions of this § 35.360 issued under the Real Estate Licensing and Registration Act (63 P. S. §§ 455.101-455.902).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.