(1) The commission shall have the authority to obtain information from each educational institution authorized to offer courses in real estate for the purpose of compiling the number of applicants who pass the real estate licensure examination from each educational institution. The information shall include the name of each student who attended the institution and a statement of whether the student completed the necessary real estate courses required for licensure. The commission shall have access to such other information as necessary to accomplish the purpose of this section. For the purposes of this section, an "applicant" is a student who completed the required education requirements and who applied for and sat for the licensure examination.
(2) The commission shall compile the information obtained in subsection (1) of this section with applicant information retained by the commission. Specifically, the commission shall compile whether the student applied for the licensure examination and whether the applicant passed the licensure examination. The commission shall create statistical data setting forth:
(a) The name of the educational institution;
(b) The number of students who completed the necessary real estate course required for licensure;
(c) Whether the student registered and sat for the licensure examination; and
(d) The number of those applicants who passed the licensure examination.
(3) The commission shall publish this statistical data and make it available to the public quarterly.
(4) The commission shall retain the statistical data for three years.
(5) Specific examination scores for an applicant will be kept confidential by the commission unless the applicant authorizes release of such information.
(6) The commission may promulgate rules for the administration of this section.
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