This law re-defines “good standing” as used to calculate whether a licensee has met the Department of Real Estate’s (DRE’s) 70/30 continuing education exemption.
Calif. Code of Regulations §3012.3; Business and Professions Code §10170.8
Effective: August 31, 2011
An individual who is at least 70 years old and has held a Department of Real Estate (DRE) license in good standing for at least 30 continuous years may submit paperwork to the DRE for an exemption from the DRE continuing education requirement, called the 70/30 rule.
A license is in good standing if it has not been suspended, revoked or restricted due to disciplinary action, and has been renewed on time or renewed late within the statutory two-year grace period. If a license is renewed within the grace period, the time in which the license is temporarily expired before it is renewed counts towards calculating the 30-year requirement.