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HB18-1227

Real Estate Commission Flexibility In License Periods

Concerning the authority of the real estate commission to issue licenses for an initial period of less than three years.
Session:
2018 Regular Session
Subjects:
Business & Economic Development
Financial Services & Commerce
Housing
Bill Summary

Real estate brokers - licensing - expiration of licenses - transition from anniversary date to calendar-year periods. Recent legislation changed the expiration dates of real estate licenses from an anniversary date 3 years after the date of initial issuance to December 31 of the third year after issuance, but did not allow the real estate commission a period to transition licenses. To allow more flexibility in transitioning from the anniversary date system to the calendar-year system, the act authorizes the commission to issue licenses that expire on December 31 of the year of issuance.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details

Request for Proposal for the COL study. Details

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