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2012 SESSION

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HB 206 Real Estate Board; continuing education, duties of real estate brokers and salespersons.

Introduced by: Jackson H. Miller | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Real Estate Board; duties of real estate brokers and salespersons.  Requires the Real Estate Board to establish procedures for carrying over continuing education credits by real estate licensees. The bill also (i) authorizes the Board to regulate the permitted activities of unlicensed individuals employed by licensees or under the supervision of a broker; (ii) requires brokers to certify that their brokerage firms or sole proprietorships have been audited for compliance with real estate law and Board regulations; (iii) sets out duties for supervising brokers at each branch location with regard to supervising/training associate brokers and salespersons; (iv) clarifies the term "independent contractor"; (v) provides that licensees are not required to disclose whether an attorney or nonattorney will be providing settlement services; (vi) combines dual agency and dual representation disclosure forms for residential and commercial properties; and (vii) makes several changes to terminology related to dual and designated representation and agency relationships. The bill contains technical amendments.


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