HB 65 (BR 363) - R. Rand, R. Adams, R. Crimm, D. Keene
AN ACT relating to real estate brokerage.
Amend KRS 324.085 to require actively licensed sales associates to complete a post-license course within 18 months of receiving a real estate broker license; mandate a 30-hour course with a curriculum focusing on legal fundamentals and practical applications in the sale or management of property for others; direct the commission to promulgate administrative regulations to determine course content, instructor qualification criteria, and other necessary components; amend KRS 324.160 to increase the maximum fine the commission may levy for specified misconduct from $1,000 to $2,500; make technical correction.
HB 65 - AMENDMENTS
HCS - Retain original provisions, except require the completion of the new sales associate course within 12 months rather than 18 months; reduce the length of the sales associate course from 30 hours to 15 hours; remove provision allowing the commission to levy increased fines.
(Prefiled by the sponsor(s).)
Dec 13-To: Interim Joint Committee on Licensing and Occupations
Jan 2-introduced in House
Jan 3-to Licensing and Occupations (H)
Feb 13-posted in committee
Feb 21-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 22-2nd reading, to Rules
Feb 27-posted for passage in the Regular Orders of the Day for Wednesday, February 28, 2007
Feb 28-3rd reading, passed 99-0 with Committee Substitute
Mar 1-received in Senate
Mar 5-to Licensing, Occupations and Administrative Regulations (S)