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FL S0608

Bill

Status

Passed

5/22/2015

Primary Sponsor

Fiscal Policy

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Florida Real Estate Commission must adopt rules allowing temporary, emergency broker registration if a sole broker dies or becomes unexpectedly unable to serve.

  • Postlicensure and initial real estate education requirements do not apply to applicants with a 4-year degree or higher in real estate from an accredited institution.

  • Commission may reinstate void licenses for individuals who failed to comply due to illness or economic hardship if they apply within 6 months and meet all continuing education and fee requirements.

  • Registered trainee appraisers and graduate students in appraising programs must work under direct supervision of a certified appraiser only (removed reference to licensed appraisers).

  • Appraisers must prepare and retain work files; appraisal management companies must prepare and retain order files for 5 years or per Uniform Standards of Professional Appraisal Practice, whichever is longer, with specified required contents.

  • Department agents may inspect appraisal management companies at all reasonable hours without limitation to pending investigations or complaints.

  • Removed board authority to enter written agreements with other states' licensing authorities regarding nonresident appraiser certifications.

Legislative Description

Real Estate Brokers and Appraisers

Last Action

Chapter No. 2015-54

5/22/2015

Committee Referrals

Fiscal Policy3/19/2015
Appropriations Subcommittee on General Government3/6/2015
Regulated Industries2/6/2015

Full Bill Text

No bill text available