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FL H0095
Bill
Status
Introduced
10/2/2023
Primary Sponsor
Regulatory Reform & Economic Development Subcommittee
Click for details
AI Summary
- Revises the definition of "yacht" by removing the weight limitation of less than 300 gross tons for vessels leased, rented, or chartered to someone other than the owner for pleasure
- Exempts out-of-state brokers or salespersons from Florida licensure requirements if the yacht transaction is executed in its entirety with a Florida-licensed broker or salesperson
- Changes the Division of Florida Condominiums, Timeshares, and Mobile Homes' authority from discretionary ("may") to mandatory ("must") in denying licenses to applicants who fail to meet requirements such as good moral character, no felony convictions, bond posting, and fingerprint submission
- Adds a new ground for license denial: having a current license while having operated as a broker or salesperson without a license
- Revises broker licensure requirements to require prior salesperson licensure plus either direct involvement in at least 4 yacht sale transactions or certification of at least 20 division-approved education credits, removing the previous 2-consecutive-year salesperson experience requirement
- Effective date is October 1, 2024
Legislative Description
Yacht and Ship Brokers' Act
Last Action
Laid on Table
3/4/2024
Committee Referrals
Commerce Committee1/25/2024
State Administration & Technology Appropriations Subcommittee11/27/2023
Regulatory Reform & Economic Development Subcommittee10/17/2023
Full Bill Text
No bill text available