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FL S0406
Bill
Status
Failed
5/5/2023
Primary Sponsor
Regulated Industries
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AI Summary
- Creates a "visiting broker" exemption from Florida licensure for out-of-state yacht brokers or salespersons, provided the transaction is executed entirely with a Florida-licensed broker or salesperson
- Redefines "yacht" by removing the 300 gross tons weight cap and expanding the definition to include vessels over 32 feet manufactured or operated primarily for pleasure, or leased/rented/chartered for another person's pleasure
- Changes the Division of Florida Condominiums, Timeshares, and Mobile Homes from discretionary ("may") to mandatory ("shall") denial of licenses for applicants who fail to meet character, residency, fingerprint, bonding, or felony requirements
- Adds new alternative pathways to broker licensure: applicants must have been a salesperson for at least 2 consecutive years and either demonstrate involvement in at least four yacht sale transactions during that period or complete 20 hours of approved education on state laws, rules, ethics, and professional standards
- Removes the provision requiring the division to issue temporary 90-day licenses while national criminal history background checks are pending; effective date of July 1, 2023
Legislative Description
Yacht and Ship Brokers
Last Action
Died in Fiscal Policy
5/5/2023
Committee Referrals
Fiscal Policy4/19/2023
Appropriations Subcommittee on Agriculture, Environment, and General Government3/31/2023
Full Bill Text
No bill text available