(1) All new property management licensees are required to complete 12 hours of new licensee mandatory continuing education by the second renewal date as set by ARM 24.101.413, following their original license issue date. Six of those hours must consist of:

(a) two hours of trust accounts;

(b) two hours of leasing principles; and

(c) two hours of state law update.

(2) New property managers will receive an interim license that will terminate on the second renewal date as set by ARM 24.101.413, following their original license issue date.