Current through Register Vol. 54, No. 45, November 9, 2024
Section 35.404 - Broker price opinion education(a) A broker, associate broker or salesperson may not prepare a broker price opinion unless the broker, associate broker or salesperson has completed a Commission-approved initial education course in the preparation of broker price opinions.(b) A broker or associate broker may not sign a broker price opinion prepared by a salesperson unless the broker or associate broker has completed a Commission-approved initial education course in the preparation of broker price opinions.(c) A broker, associate broker or salesperson may not prepare a broker price opinion unless the broker, associate broker or salesperson has completed at least 3 hours of Commission-approved continuing education in broker price opinion topics during the current or immediately preceding 2-year license period.(d) A broker, associate broker or salesperson who has completed a Commission-approved initial education course, a broker prelicensure course listed in subsection (e) or continuing education referenced in subsection (c) shall retain the transcript or certificate of instruction and provide a copy to the Commission upon request.(e) The following broker prelicensure courses have been approved to satisfy the initial education requirement in subsections (a) and (b):(1) Valuation of residential property.(2) Valuation of income-producing property.(3) Basic appraisal principles.(4) Basic appraisal procedures. This section cited in 49 Pa. Code § 35.402 (relating to broker price opinion).