Synopsis As Introduced Amends the Real Estate License Act of 2000. Makes changes concerning continuing education under the Act, including hours, approval of courses, curriculum, and education providers. Adds provisions concerning education provider licenses. Removes provisions concerning continuing education schools. Makes changes in provisions concerning leasing agent licenses. Prohibits any leasing agent or leasing agent permit holder from engaging in activities that require a broker's or managing broker's license and from operating under a temporary leasing agent permit more than one time in that individual's lifetime. Makes changes to provisions concerning the Real Estate Administration and Disciplinary Board, including adding members so that it is composed of 15 (rather than 9) and requiring term limits. Repeals outdated provisions and provisions concerning confidentiality, offerings not meeting continuing education requirements, and the Real Estate Education Advisory Council and makes conforming changes throughout the Act. Makes other changes. Effective January 1, 2018.
Replaces everything after the enacting clause. Reinserts the introduced bill with the following changes: Makes changes to requirements for individuals acting as leasing agents without a license. Provides that the Real Estate Administration and Disciplinary Board shall make recommendations to the Department of Financial and Professional Regulation (rather than the Board shall determine) concerning certain continuing education requirements and course materials and requirements for licenses under the Act. Removes language requiring continuing education courses for leasing agents be 2 hours in duration. In provisions concerning grounds for discipline, removes the grounds of aiding or abetting the violation of provisions concerning individuals acting as leasing agents without a license by knowingly permitting an individual to operate under a temporary leasing agent permit more than one time in that individual's lifetime. Removes provisions concerning confidentiality and surrender of license. Provides that the Board shall have 12 (rather than 9) members that have been actively engaged as managing brokers, brokers, or both for at least 10 years prior to appointment. Provides that of the 12 members, 2 must possess an active pre-license instructor license. Removes provisions requiring 3 additional members of the Board to meet certain requirements. Makes changes to qualifications for an education provider license. Provides that the Department is authorized to adopt administrative rules to enforce provisions concerning licensing of education providers and instructors. Makes other changes. Effective January 1, 2018.