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ID S1006
Bill
Status
3/17/2015
Primary Sponsor
Commerce and Human Resources Committee
Click for details
AI Summary
Senate Bill 1006 - Idaho Real Estate License Law
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Removes references to "challenge exams" throughout Idaho real estate licensing statutes and eliminates provisions allowing students to retake challenge exams or substitute challenge exam results for continuing education requirements.
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Requires all individuals wishing to teach real estate courses for prelicense, post-license, or continuing education credit to obtain prior commission approval or certification for each course they teach.
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Revises course provider requirements to submit course completion lists within five (5) working business days after course conclusion, including student legal names and license numbers.
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Adds requirement that written offers to purchase real property must include "representation confirmation" statement and "consent to limited dual representation" statement (if applicable to transaction).
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Removes section 54-2056(7) regarding termination of broker relationships with sole proprietorships owned by persons other than the broker.
Legislative Description
Amends existing law to revise definitions; to remove references to a challenge exam; to revise requirements of Idaho certified course providers relating to course completion lists; to revise provisions relating to the expiration or withdrawal of provider certification; to require prior approval or certification for individuals wishing to teach real estate for credit toward post license; to provide instructor qualifications for individuals wishing to teach any real estate courses for credit toward the post license; to revise a provision relating to distance learning courses, to remove provisions relating to substituting continuing education coursework and to remove provisions relating to retaking a challenge exam; to revise provisions relating to the broker and branch manager absences and changes; to provide an additional requirement for written offers to purchase real property or any interest therein; and to remove provisions relating to terminating relationships between a broker and a sole proprietorship owned by a person other than the broker.
REAL ESTATE LICENSE LAW
Last Action
Signed by Governor on 03/17/15 Session Law Chapter 51 Effective: 07/01/2015
3/17/2015