SENATE BILL REPORT
SB 6682
BYSenator McCaslin
Revising penalties for real estate broker and salesperson violations.
Senate Committee on Economic Development & Labor
Senate Hearing Date(s):February 3, 1988
Senate Staff:Charles H. Woods (786-7911)
AS OF FEBRUARY 1, 1988
BACKGROUND:
Under current law, if the Director of Licensing finds that a real estate broker or salesperson has violated any of the regulations relating to licensure of brokers or salesperson, the Director may revoke or suspend the license of the violator, impose a fine, or deny an application for or request for renewal of a license.
SUMMARY:
The Director would be allowed to require the broker or salesperson who violates any of the regulations dealing with licensure to complete a course of study in the particular area of real estate law which was violated. This would be a penalty available in addition to suspension, revocation or refusal of a license and monetary fines.
Appropriation: none
Revenue: none
Fiscal Note: requested February 1, 1988