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ND HB1074
Bill
Status
3/13/2015
Primary Sponsor
Industry, Business and Labor Committee
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AI Summary
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Replaces the fixed December 31 renewal deadline for real estate brokers and salespersons with a deadline set by the Real Estate Commission, providing flexibility for the regulatory body to adjust the deadline as needed.
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Allows licensees who miss the renewal deadline to file a late renewal application before March 1 of the subsequent year and pay a late fee determined by the commission for each month or fraction thereof after the application deadline.
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Licenses that are not renewed by March 1 must be canceled automatically without notice or opportunity for hearing, and persons seeking relicensure must satisfy full application and examination requirements.
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Prohibits any licensee from engaging in licensed activities after the renewal deadline unless their license has been renewed by the commission.
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Clarifies that violating section 43-23-05 is a class B misdemeanor and violating section 43-23-14.1 is an infraction.
Legislative Description
The application deadline for renewal of a real estate license and practicing as a real estate broker or salesperson without a license; and to provide a penalty.
Last Action
Signed by Governor 03/12
3/13/2015