(a) The real estate commission is authorized and empowered to promulgate rules and regulations relative to the establishment and conducting of any course, courses of study or instruction that are designed to satisfy the educational requirements of § 62-13-303. The commission shall establish application fees for educational courses submitted for approval, which fees shall be deposited in the recovery fund interest account to be used by the commission for educational purposes.
(b) As a condition to meeting the requirements of § 62-13-303, the course, course of study or instruction shall be established and conducted in accordance with the rules and regulations of the commission.
(c) It is unlawful for any person offering courses or conducting classes in real estate subjects to represent that its students are assured of passing examinations given by the commission for the issuance of licenses required by this chapter.
(d) A violation of this section is a Class C misdemeanor.
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