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Session 106 - (1985-1986)Printer Friendly
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S*0462 (Rat #0372, Act #0353) General Bill, By Land and N.A. Theodore
Similar (H 2788)
    A Bill to amend Sections 40-57-20, 40-57-100, 40-57-110, 40-57-150, 40-57-170, and 40-57-180, all as amended, and 40-57-10, 40-57-30, 40-57-40, 40-57-90, 40-57-120, 40-57-160, and 40-57-240, relating to real estate brokers, counsellors, salesmen, appraisers, property managers, examinations, licensing, and commission rulings and decisions, so as to provide additional prerequisites for the examination and licensing of property managers, to authorize the Commission to establish an application fee, to clarify provisions relating to real estate auctioneers; to authorize the Commission to assess fines for misrepresentations and other infractions and to issue subpoena and cease and desist orders, to define broker to include a person who negotiates or solicits referrals and define broker-in-charge, property manager, and property manager-in-charge, to provide that the provisions of the Chapter do not apply to transactions involving rental or leasing of real estate by the owner, to require that all persons licensed by the Commission submit a credit report, to provide that property manager is an additional license classification and that no person be licensed in more than one classification, to prohibit inducements by licensees in the sale of real estate, to provide notice to the Commission of civil or criminal actions and judgments, to increase the penalty for failure to renew a license to deal in real estate transactions from an amount not to exceed one hundred dollars to five hundred dollars and increase the maximum prison term from thirty days to six months, to provide a penalty for failure to have a real estate license, and to amend the 1976 Code by adding Section 40-57-250 so as to provide for an adminstrative fine.-amended title
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04/04/85Senate Introduced and read first time SJ-1320
04/04/85Senate Referred to Committee on Judiciary SJ-1320
04/17/85Senate Committee report: Favorable Judiciary SJ-1540
04/18/85Senate Read second time SJ-1605
04/18/85Senate Ordered to third reading with notice of amendments SJ-1605
04/25/85Senate Amended SJ-1775
04/25/85Senate Read third time and sent to House SJ-1776
04/30/85House Introduced and read first time HJ-2738
04/30/85House Referred to Committee on Labor, Commerce and Industry HJ-2739
02/26/86House Committee report: Favorable with amendment Labor, Commerce and Industry HJ-971
03/04/86House Debate adjourned HJ-1136
03/05/86House Amended HJ-1198
03/05/86House Read second time HJ-1213
03/06/86House Read third time HJ-1298
03/06/86House Returned HJ-1298
03/13/86Senate Concurred in House amendment and enrolled SJ-991
03/25/86 Ratified R 372
03/28/86 Signed By Governor
03/28/86 Effective date 03/28/86 Act No. 353
04/07/86 Copies available



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