SB520: Bill Text

SB520,9,3 452.12 (1) Expiration. A license granted by the board entitles the holder to act as a broker or, salesperson, or professional leasing and renting agent, as the case may be, until the applicable renewal date specified under s. 440.08 (2) (a).

SB520,22 Section 22. 452.12 (5) (c) of the statutes is amended to read:

SB520,9,8 452.12 (5) (c) At the time of renewal, each broker or, salesperson, or professional leasing and renting agent who is an individual shall submit proof of attendance at and successful completion of continuing education programs or courses approved under s. 452.05 (1) (g).

SB520,23 Section 23 . 452.12 (5) (d) of the statutes is amended to read:

SB520,9,12 452.12 (5) (d) At the time of renewal, each broker or, salesperson, or professional leasing and renting agent who is an individual shall complete the form under s. 452.05 (1) (i).

SB520,24 Section 24. 452.14 (1) of the statutes is amended to read:

SB520,9,18 452.14 (1) The board shall, upon motion of the secretary or his or her designee or upon its own determination, conduct investigations and, as appropriate, may hold hearings and make findings, if the board or the department receives credible information that a broker or, salesperson, or professional leasing and renting agent has violated this chapter or any rule promulgated under this chapter.

SB520,25 Section 25. 452.14 (3) (i) of the statutes is amended to read:

SB520,9,22 452.14 (3) (i) Demonstrated incompetency to act as a broker or, salesperson, or professional leasing and renting agent, whichever is applicable, in a manner which safeguards the interests of the public.

SB520,26 Section 26. 452.20 of the statutes is amended to read:

SB520,9,25 452.20 Limitation on actions for commissions. No person engaged in the business or acting in the capacity of a broker or , salesperson, or professional leasing and renting agent within this state may bring or maintain an action in the courts of this state for the collection of a commission or compensation for the performance of any act mentioned in this chapter without alleging and proving that he or she was a duly licensed broker or, salesperson , or professional leasing and renting agent at the time the alleged cause of action arose.

SB520,27 Section 27. 452.22 (2) of the statutes is amended to read:

SB520,10,14 452.22 (2) The certificate of the chairperson of the board or his or her designee to the effect that a specified individual or business entity is not or was not on a specified date the holder of a broker's or, salesperson's, or professional leasing agent's license, or that a specified license was not in effect on a date specified, or as to the issuance, limitation, suspension, or revocation of any license or the reprimand of any licensee, the filing or withdrawal of any application or its existence or nonexistence, is prima facie evidence of the facts stated in the certificate for all purposes in any action or proceedings.

SB520,28 Section 28 . 452.25 (1) (a) of the statutes is amended to read:

SB520,10,19 452.25 (1) (a) Notwithstanding ss. 111.321, 111.322, and 111.335, and except as provided in pars. (b) to (e), no applicant who is an individual may be issued a broker's or, salesperson's, or professional leasing and renting agent's license if the applicant has been convicted of a felony.

SB520,29 Section 29 . 452.25 (1) (c) 2. of the statutes is amended to read:

SB520,10,23 452.25 (1) (c) 2. Reviewing any supplemental information provided by the applicant bearing upon his or her suitability for licensure as a broker or, salesperson, or professional leasing and renting agent.

SB520,30 Section 30 . 452.25 (1) (e) of the statutes is amended to read:

SB520,11,4 452.25 (1) (e) If the board makes a determination under par. (c) to allow an applicant to be granted a broker's or, salesperson's, or professional leasing and renting agent's license, the applicant shall be granted the license if the applicant satisfies all other requirements for granting the license.

SB520,31 Section 31 . 452.25 (2) (b) of the statutes is amended to read:

SB520,11,9 452.25 (2) (b) No applicant may be issued an initial broker's or, salesperson's, or professional leasing and renting agent's license, and no applicant may renew such a license, if the applicant has violated par. (a) and failed to pay any forfeiture assessed by the board under s. 452.14 (4r) for that violation.

SB520,32 Section 32 . 452.30 (7) (b) of the statutes is renumbered 452.30 (7) (b) 1. and amended to read:

SB520,11,14 452.30 (7) (b) 1. A Except as provided in subd. 2., a salesperson may not engage in independent real estate practice and may engage in real estate practice only when associated with a firm.

SB520,33 Section 33 . 452.30 (7) (b) 2. of the statutes is created to read:

SB520,11,18 452.30 (7) (b) 2. A salesperson who holds a professional leasing and renting agent license may engage in professional leasing and renting independent of a real estate firm.

SB520,34 Section 34 . Nonstatutory provisions.

SB520,11,23 (1) Notwithstanding section 15.405 (11m) of the statutes, the initial member appointed to fill the seat on the the real estate examining board that is held by a professional leasing and renting agent under s. 15.405 (11m) of the statutes need not be licensed under chapter 452 of the statutes.

SB520,12,3 (2) Notwithstanding section 15.407 (5) of the statutes, the initial member appointed to fill the seat on the council on real estate curriculum and examinations that is held by a professional leasing and renting agent under s. 15.407 (5) of the statutes need not be licensed under chapter 452 of the statutes and need not have 2 years of experience with a license under chapter 452 of the statutes.

SB520,35 Section 35 . Effective dates. This act takes effect on the first day of the 13th month beginning after publication, except as follows:

SB520,12,7 (1) The treatment of sections 15.405 (11m) and 15.407 (5) of the statutes takes effect on the day after publication.

SB520,12,8 (End)