What is the effective date for the new Broker Management Clinic (BMC) requirement?
Effective from and after January 1, 2013, each Designated Broker and Delegated Associate Broker, one who is delegated the written authority to act on the Designated Broker’s behalf to review and initial contracts or similar instruments pursuant to A.R.S §32-2151.01(G) must take the new BMC. If a Designated Broker has not previously complied with the BMC prior to January 1, 2013, then the new BMC is the requirement that must be met for a total of 30 hours of continuing education. If a Delegated Associate Broker has not completed the 24-hour renewal prior to January 1, 2013, then the new BMC is the requirement that must be met for a total of 30 hours of continuing education for renewal. If during the Delegated Associate Broker’s current license period, the Delegated Associate Broker has at least complied with the BMC prior to January 1, 2013, then the Delegated Associate Broker is not required to take the new BMC.