Clarified the exemption from licensure extended to officers and employees of a corporation acting within the course of their employment and dealing in the corporation s own properties. Required licensees to submit continuing education certificates with license renewal applications. Since 1997, applicants are required to submit a list of continuing education classes taken and declare that the information is true and correct, and to retain continuing education certificates for five years. Required a designated real estate broker to attend a Broker Audit Clinic every other license period rather than once every four years. Authorized a developer to prepare a final public report for use in the lease of unsubdivided lands.
Current law authorizes the developer to prepare the report only for the sale of unsubdivided lands.
Clarified the requirements for notifying the Commissioner of a material change to a time-share project plan. The bill was amended to remove counties authority to impose any use restrictions on residentially zoned property conditioned on or otherwise based solely or partially on multiple ownership of the property, as long as the property is not a time-share. The bill died in conference committee. Although Senate Bill 1150 was approved by the Senate, the bill was withheld from a final House vote. Other legislation was introduced which would affect real estate licensees directly or indirectly.