Summary


Changes in Section R162-2f-102 includes the manager of a company in the definition of "Principal" and corrects a statutory reference; Section R162-2f-401a clarifies the disclosure requirements for a licensee prior to the execution of a purchase or lease agreement, and corrects a numbering error; Section R162-2f-401b includes a licensee who is the manager of a company as a person who is prohibited from acting as a limited agent in a transaction; Section R162-2f-401d clarifies prohibited misrepresentations between real estate schools and allows for a student to receive course credit for an online course even if the student does not complete the course within one year of registration; and Section R162-2f-401f corrects the applicable dates for two state approved real estate forms including the Real Estate Purchase Contract and the Deposit of Earnest Money with Title Company Addendum.