(a) The commission shall adopt, promulgate and enforce rules and regulations consistent with the provisions of this act establishing requirements of continuing education to be met by individuals licensed as real estate brokers and real estate salespersons under this act as a condition for renewal of their licenses. The commission shall not consider real estate instruction delivered in an instructor-led synchronous format as distance education. The commission shall regulate real estate instruction delivered in an instructor-led synchronous format in the same manner as live, in-person real estate instruction. The commission may waive all or part of the continuing education requirement for a salesperson or broker who shows evidence, to the commission's satisfaction, that he was unable to complete the requirement due to illness, emergency or hardship. Such regulations shall include any fees necessary for the commission to carry out its responsibilities under this section.

(b) Beginning with the license period designated by regulation, each person licensed pursuant to this act shall be required to obtain 14 hours of mandatory continuing education during each two-year license period. A licensed broker or salesperson who wishes to activate a license which has been placed on inactive status shall be required to document 14 hours of continuing education.

(c) All courses, materials, locations and instructors shall be approved by the commission. No credit shall be given for any course in office management except for courses offered to brokers that are intended to promote knowledge of the supervisory duties imposed upon brokers by this act and by the rules and regulations promulgated by the commission having to do with document preparation and retention, recordkeeping, deposit and maintenance of escrow accounts, advertising and solicitation limitations and requirements, conflicts of interest, disclosures to prospective sellers and buyers and the general ethical responsibilities of licensees.

(d) The commission shall initiate the promulgation of regulations to carry out the provisions of this section within six months of the effective date of this section.

(e) The commission shall inform licensees of the continuing education requirement prior to the renewal period when continuing education is required. Each renewal notice thereafter shall include the following additional information: