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Real Estate Commission Flexibility In License Periods

Concerning the authority of the real estate commission to issue licenses for an initial period of less than three years.
2018 Regular Session
Business & Economic Development
Financial Services & Commerce
Bill Summary

Real estate brokers - licensing - expiration of licenses - transition from anniversary date to calendar-year periods. Recent legislation changed the expiration dates of real estate licenses from an anniversary date 3 years after the date of initial issuance to December 31 of the third year after issuance, but did not allow the real estate commission a period to transition licenses. To allow more flexibility in transitioning from the anniversary date system to the calendar-year system, the act authorizes the commission to issue licenses that expire on December 31 of the year of issuance.
(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details