Regulatory Alerts2019-05-27
Requirements for Further Education for Real Estate Brokers
The Norwegian Financial Supervisory Authority issued Circular 7/2019 to clarify the mandatory continuing education requirements for real estate brokers, lawyers, and other authorized persons engaged in real estate brokerage. The regulation mandates a minimum of 15 hours of approved training every two years, covering specific legal, practical, and financial topics, with strict documentation and oversight responsibilities placed on firms and responsible managers. The circular also defines the conditions for resetting the education requirement clock, specifically regarding career breaks of at least six months, and outlines the consequences for non-compliance, including the potential revocation of personal licenses.
Share