FINAL BILL REPORT

SSB 5486

                              C 161 L 89

BYSenate Committee on Economic Development & Labor (originally sponsored by Senators McCaslin, DeJarnatt, Thorsness and Johnson)

Revising provisions for real estate brokers and salespersons.

Senate Committee on Economic Development & Labor

House Committe on Commerce & Labor

SYNOPSIS AS ENACTED

BACKGROUND:

Real estate brokers and sales persons are required to renew their licenses every year before the renewal date.  Licensees are required to provide proof of continuing education every two years.

SUMMARY:

Real estate broker and sales person licenses are renewable every two years with a fee to be set by rule to reflect a biennial license.

Brokers are no longer required to obtain branch office licenses for real estate sales activities related strictly to one subdivision or tract within 35 miles of licensed business.  The exemption from real estate licensing laws for lawyers only applies to those acting without compensation, or in the performance of their duties.

VOTES ON FINAL PASSAGE:

     Senate   45    0

     House 96  0

EFFECTIVE:July 23, 1989

           January 1, 1991 (Sections 2 & 4)