- (a) Only principal instructors or instructors designated by the principal instructor and approved by the Executive Director of the Arkansas Real Estate Commission may contract with a third-party sponsor to offer a continuing education course.
- (b) Time committed to product or service promotion shall not be considered instructional time.
(c)
- (1) Students must be notified in advance of the time during which the third-party sponsor will be presenting product or service promotion to the class.
- (2) Attendance will be neither monitored nor required during that time by this part.
(d)
- (1) Third-party sponsors must sign a statement affirming that their sponsorship of the course is not in violation of the Real Estate Settlement Procedures Act of 1974, 12 U.S.C. § 2601 et seq.
- (2) This statement must accompany the monitoring plan filed with the Arkansas Real Estate Commission.
- (e) The principal instructor should obtain the signature of an authorized representative of the third-party sponsor on the monitoring plan filed with the commission.