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IN SB0270
Bill
Status
1/7/2015
Primary Sponsor
Dennis Kruse
Click for details
AI Summary
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Real estate commission must include one member licensed or certified as a real estate appraiser after June 30, 2015, with at least five years of appraisal experience required at time of appointment.
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Real estate appraiser licensure and certification board must include one member who holds a broker's license after June 30, 2015, with at least five years of brokerage experience required at time of appointment.
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Board membership expands from seven to eight members total to accommodate the new broker representative position.
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Quorum requirement for board actions increases from four to five members, and affirmative vote threshold increases from four to five members for board actions.
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Governor may appoint initial appraiser representative to real estate commission and initial broker representative to appraiser board to terms of less than four years to allow staggered terms.
Legislative Description
Real estate brokers and appraisers. Provides that after June 30, 2015: (1) the real estate commission (commission) must include one member who is licensed or certified as a real estate appraiser; and (2) the real estate appraiser licensure and certification board (board) must include one member who holds a broker's license issued by the commission. Makes changes to the statutes establishing the commission and the board to implement these changes.
Last Action
First Reading: referred to Committee on Commerce & Technology
1/7/2015