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Senate Bill 0275

Senate Bill 0275

ARCHIVE (2012)

Latest Information

DIGEST OF SB 275 (Updated March 1, 2012 10:52 am - DI 84)

Real estate brokers. Eliminates, after June 30, 2014, the license for real estate salespersons and the designation of principal real estate brokers. Prohibits, after June 30, 2014, an individual who holds a salesperson's license from performing certain acts as a salesperson without obtaining a broker's license. Establishes, for individuals who hold a salesperson's license on or after June 30, 2012, certain requirements to obtain a broker's license. Requires, after June 30, 2014, a person to meet certain requirements before the person may become a managing broker. Changes the appointment of members to the real estate education advisory council. Provides that broker's licences are issued for three years. (Currently licenses are issued for two years.) Revises education and continuing education requirements. Makes conforming changes.
    Current Status:
    Law Enacted
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