SENATE BILL REPORT

EHB 435

BYRepresentatives Hankins, H. Sommers and Brooks; by request of Department of General Administration

Revising provisions on inactive real estate licenses.

House Committe on Commerce & Labor

Senate Committee on Commerce & Labor

Senate Hearing Date(s):March 25, 1987

Majority Report:  Do Pass.

      Signed by Senators Warnke, Chairman; Smitherman, Vice Chairman; Anderson, Cantu, Lee, Tanner, Vognild, West.

Senate Staff:Jean Meyn (786-7472)

                  March 25, 1987

AS REPORTED BY COMMITTEE ON COMMERCE & LABOR, MARCH 25, 1987

BACKGROUND:

Persons acting as real estate brokers and salespersons must obtain licenses from the state. If a person has been inactive for more than three years, he or she must complete a thirty clock hour course in real estate within one year prior to applying to return to active status. An inactive licensee must also continue to annually renew his or her license which requires payment of a fee.

The Division of Real Estate of the Department of General Administration employs brokers and salespeople who, by agency policy, are not allowed to maintain active real estate licenses.  The department seeks legislation to exempt these employees from the thirty clock hour requirement and the requirement that annual renewal fees be paid.

SUMMARY:

Holders of real estate licenses employed by the state and conducting real estate transactions on behalf of the state are exempt from usual requirement that licensees inactive for more than three years must complete a thirty clock hour course in real estate within one year prior to applying for an active license.  These licensees are also exempt from the annual renewal fee requirement.

Fiscal Note:      none requested

Senate Committee - Testified: Mary Faulk, Director, Department of General Administration; Ron McQueen, Assistant Director, Department of General Administration