LRB-4210/1
MPG:med:ph
2011 - 2012 LEGISLATURE
February 29, 2012 - Introduced by Senators Schultz and Darling, cosponsored by
Representatives Rivard, Ballweg, Doyle, Kerkman and Endsley. Referred to
Committee on Labor, Public Safety, and Urban Affairs.
SB535,1,3 1An Act to amend 452.09 (3) (d); and to create 452.09 (4) of the statutes;
2relating to: experience requirements for real estate brokers and granting
3rule-making authority.
Analysis by the Legislative Reference Bureau
Under current law, the Real Estate Examining Board (board) issues licenses for
real estate brokers and real estate salespersons. Generally, the board may not grant
a broker's license to an applicant who does not already hold a salesperson's license
or who has not passed the examination for licensure as a salesperson in addition to
passing the broker's examination.
This bill establishes the requirement that an applicant for a broker's license
must submit evidence satisfactory to the board that the applicant has practiced as
a salesperson under the direct supervision of a licensed broker for at least two years
within the last four years preceding the date of the applicant's application for the
broker's license. Any time spent as an apprentice may not be applied to satisfy that
requirement. If the applicant is an attorney licensed to practice law in Wisconsin,
the applicant may satisfy that requirement by demonstrating to the board's
satisfaction that the applicant has real estate-related experience. If the applicant
is a nonresident, the applicant may satisfy that requirement by demonstrating to the
board's satisfaction that the applicant has been licensed as a real estate broker under

the laws of another state for at least two of the last four years preceding the person's
application for a broker's license in Wisconsin.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB535, s. 1 1Section 1. 452.09 (3) (d) of the statutes, as affected by 2011 Wisconsin Act 32,
2is amended to read:
SB535,2,73 452.09 (3) (d) Except as provided under s. 452.12 (2) or in a reciprocal
4agreement under s. 452.05 (3), the board may not grant a broker's license to an
5applicant who does not hold a salesperson's license unless the applicant passes the
6salesperson's examination and the broker's examination
meet the requirements
7under this section
.
SB535, s. 2 8Section 2. 452.09 (4) of the statutes is created to read:
SB535,2,149 452.09 (4) Experience requirements for broker's license applicants. (a) An
10applicant for a broker's license who is an individual shall submit to the board
11evidence satisfactory to the board that the applicant has practiced as a salesperson
12under the direct supervision of a licensed broker for at least 2 years within the last
134 years preceding the date of the applicant's application for a broker's license,
14excluding any time the applicant spent in an apprenticeship under sub. (5).
SB535,2,1715 (b) An applicant who is licensed to practice law in this state may satisfy the
16requirement under par. (a) by submitting to the board evidence satisfactory to the
17board that the applicant has experience related to real estate.
SB535,3,218 (c) Except as provided in a reciprocal agreement under s. 452.05 (3), an
19applicant for a broker's license who is a nonresident may satisfy the requirement
20under par. (a) by submitting to the board evidence satisfactory to the board that the
21applicant has been a licensed broker under the laws of another state for at least 2

1years within the last 4 years preceding the date of the applicant's application for a
2broker's license.
SB535,3,63 (d) The board may waive any requirement under par. (a), (b), or (c) for any
4applicant based on standards established by the board by rule, and the board may
5promulgate other rules, including rules that establish standards concerning an
6applicant's practice or experience related to real estate.
SB535, s. 3 7Section 3. Initial applicability.
SB535,3,98 (1) This act first applies to an application for a real estate broker's license
9submitted to the real estate examining board on the effective date of this subsection.
SB535, s. 4 10Section 4. Effective date.
SB535,3,1111 (1) This act takes effect on July 1, 2012.
SB535,3,1212 (End)
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