Sunset Licensed Real Estate Brokers & Subdivision Developers
| Type | Bill |
|---|---|
| Session | 2017 Regular Session |
| Subjects |
Concerning the continuation under the sunset law of the division of real estate, and, in connection therewith, implementing the recommendations contained in the sunset report prepared by the department of regulatory agencies.
Bill Summary:
Sunset Process - Senate Business, Labor, and Technology Committee. Sections 1 through 4 of the bill continue the division of real estate, the real estate commission, and the regulation of real estate brokers and subdivision developers for 9 years, until 2026.
Section 5 directs the real estate commission (commission) to establish, by rule, the number of transactions that a broker must have completed before becoming an employing broker.
Section 10 adds to the current provisions on referral fees to require that referral fee agreements conform to the requirements of both state and federal law.
Sections 8 and 11 through 18 consolidate the various cash funds used for several licensing functions and programs administered by the division of real estate into a single cash fund.
Section 7 makes broker licenses expire uniformly on December 31 rather than requiring licensees to apply for renewal at various times throughout the year on their individual anniversary dates.
Section 9 defines 'conviction' to include deferred judgments and deferred sentences, in provisions listing factors the commission may consider when determining whether to discipline a licensee.
Section 6 modifies the composition of the commission to require that one of the 3 broker members be a broker with experience in property management.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.007. | The motion passed without objection. | Vote summary |
| Adopt amendment L.008. | The motion passed without objection. | Vote summary |
| Refer Senate Bill 17-215, as amended, to the Committee of the Whole. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 17-215, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/25/2017 | House Amendments | REPASS |
31
AYE
3
NO
1
OTHER
|
Vote record |
| 04/25/2017 | House Amendments | CONCUR |
33
AYE
1
NO
1
OTHER
|
Vote record |
| 03/28/2017 | Third Reading | BILL |
34
AYE
1
NO
0
OTHER
|
Vote record |
| 03/28/2017 | Third Reading | AMEND (L.006) |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/24/2017 | Third Reading | BILL |
54
AYE
10
NO
1
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/01/2017 | Governor | Governor Signed |
| 05/01/2017 | Governor | Sent to the Governor |
| 05/01/2017 | House | Signed by the Speaker of the House |
| 05/01/2017 | Senate | Signed by the President of the Senate |
| 04/25/2017 | Senate | Senate Considered House Amendments - Result was to Concur - Repass |
| 04/24/2017 | House | House Third Reading Passed - No Amendments |
| 04/21/2017 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 04/18/2017 | House | House Committee on Business Affairs and Labor Refer Amended to House Committee of the Whole |
| 03/29/2017 | House | Introduced In House - Assigned to Business Affairs and Labor |
| 03/28/2017 | Senate | Senate Third Reading Passed with Amendments - Floor |
| 03/27/2017 | Senate | Senate Second Reading Passed with Amendments - Committee |
| 03/22/2017 | Senate | Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole |
| 03/10/2017 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 06/30/2017 | 282 | Sunset Lic Real Estate Brokers & Subdiv Developers |