It should be emphasized that this draft will undergo much review and undoubtedly significant change before a final drafting for introduction in the 1997 Legislature. A new exemption to clarify that certain hotel, motel, recreational vehicle parks and mobile home park management does not require licensure. Only designated brokers would be required to attend the Audit Clinic every four years, instead of all brokers. Temporary law added to the end of the bill precludes disciplinary action against a licensee who, in the coming two years, inadvertently renews at the end of the month instead of on the new renewal date. Applies the requirements of real estate sale or rental listing agreements to buyer's broker employment agreements.
Dual agency requires written permission of both parties.
Does not apply to contests or drawings specifically allowed elsewhere in Chapter 20 . Presently, virtually any violation of a statutory provision of Chapter 20 is a class 5 or class 6 felony. Only the worst and most egregious violations, however, are ever pursued criminally. Class 5 felony for unregistered development activity is retained, but no longer applies to violations of Chapter 20 which do not involve unregistered activity. Permits persons who unintentionally operate as a broker or developer, and are so notified by the Department, to cease their illegal activities and pursue proper licensure, thereby avoiding a felony violation.