HB 637 CS (2003) -  Regulation of Real Estate Professionals

General Bill by Bilirakis (CO-SPONSORS) Attkisson; Garcia, R.; Hogan; Kallinger; Meadows
Regulation of Real Estate Professionals: Redesignates "broker-salespersons" as "broker associates" and "salespersons" as "sales associates"; expands the definition of "transaction broker"; revises certain exemptions from regulation; provides for licensing of broker associates and sales associates; revises qualifications for practice; authorizes additional subjects for postlicensure education; restricts approval of distance learning courses to instances of hardship; revises requirements to take the license examination; revises requirements with respect to notice of completion of educational requirements; provides guidelines for approving specialty courses; revises requirements with respect to brokers' signs; provides for notice of change of address; revises duties of licensees with respect to escrowed property; allows a broker to place personal or brokerage funds in property management and sales escrow accounts; provides for investment of escrow moneys; provides a time limit on filing complaints against a licensee; requires notice to employer of disciplinary action against a licensee; provides for referral of criminal violations to prosecuting authorities; revises provisions relating to authorized brokerage relationships; provides a presumption of transaction brokerage; revises disclosure requirements; provides effect of revocation or suspension of a broker's license; provides an additional ground for disciplinary action relating to false or misleading information on real estate located in the state; revises prerequisites for renewal of an instructor permit; removes an exemption from instructor examination requirements; increases the maximum amount that may be in the Real Estate Recovery Fund; revises guidelines for payment of attorney's fees with respect to recovery from the fund; increases maximum amounts payable from the fund; provides requirements for temporary practice; prescribes facts and conditions the existence of which need not be disclosed in a real estate transaction; repeals provisions relating to the prohibition against a school advertising in conjunction with an affiliated broker or making reference to a state examination pass/fail ratio in any publication or comunications medium, publication of false or misleading information on real estate located in the state, and disclosure of termite and roof inspection reports.
Effective Date: This act shall take effect July 1, 2003
Last Event: Died in Subcommittee on Commerce & Local Affairs Appropriations on Friday, May 2, 2003 6:15 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1266 Subject: Real Estate Professionals/Regulation Relationship: Similar
Bill #: CS/CS/SB 2238 Subject: Real Estate Appraisers/Brokers Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Finance & Tax 4/16/2003 1:56:55 PM
Chamber: House Committee: Finance & Tax 4/11/2003 3:28:19 PM
Chamber: House Committee: Business Regulation 4/4/2003 4:14:07 PM
Chamber: House Committee: Business Regulation 3/27/2003 6:22:44 PM
Chamber: House Committee: Business Regulation 3/23/2003 5:15:32 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Subcommittee on Commerce & Local Affairs Appropriations Time: 05/02/2003 - 6:15 PM Member: Committee: Subcommittee on Commerce & Local Affairs Appropriations Version:
Event: H Bill now in Subcommittee on Commerce & Local Affairs Appropriations Time: 04/18/2003 - 5:01 PM Member: Committee: Subcommittee on Commerce & Local Affairs Appropriations Version:
Event: H Bill referred to Appropriations Time: 04/18/2003 - 5:01 PM Member: Committee: Appropriations Version:
Event: H Bill referred to Subcommittee on Commerce & Local Affairs Appropriations Time: 04/18/2003 - 5:01 PM Member: Committee: Subcommittee on Commerce & Local Affairs Appropriations Version:
Event: H Recommendation: CS by Finance & Tax ; Pending Review of CS under Rule 6.3 Time: 04/17/2003 - 9:18 AM Member: Committee: Finance & Tax Version:
Event: H Filed timely Time: 04/17/2003 - 9:18 AM Member: Committee: Finance & Tax Version:
Event: H Bill passed referred committee Time: 04/17/2003 - 8:49 AM Member: Committee: Finance & Tax Version:
Event: H Bill reported out of committee meeting Time: 04/17/2003 - 8:49 AM Member: Committee: Finance & Tax Version:
Event: H Bill added to Finance & Tax agenda Time: 04/10/2003 - 4:26 PM Member: Committee: Finance & Tax Version:
Event: H Recommendation: CS by Business Regulation ; Pending Review of CS under Rule 6.3 Time: 04/04/2003 - 3:59 PM Member: Committee: Business Regulation Version:
Event: H Filed timely Time: 04/04/2003 - 3:58 PM Member: Committee: Version:
Event: H Bill passed referred committee Time: 04/04/2003 - 3:31 PM Member: Committee: Business Regulation Version:
Event: H Bill reported out of committee meeting Time: 04/04/2003 - 3:31 PM Member: Committee: Business Regulation Version:
Event: H Bill added to Business Regulation agenda Time: 03/28/2003 - 4:13 PM Member: Committee: Business Regulation Version:
Event: H Bill passed referred committee Time: 03/26/2003 - 11:49 AM Member: Committee: Subcommittee on Trades, Professions & Regulated Business Version:
Event: H Bill reported out of committee meeting Time: 03/26/2003 - 11:49 AM Member: Committee: Subcommittee on Trades, Professions & Regulated Business Version:
Event: H Bill added to Subcommittee on Trades, Professions & Regulated Business agenda Time: 03/21/2003 - 4:21 PM Member: Committee: Subcommittee on Trades, Professions & Regulated Business Version:
Event: H 1st Reading Time: 03/04/2003 - 10:30 AM Member: Committee: Version:
Event: H Bill referred to Finance & Tax Time: 02/28/2003 - 6:52 PM Member: Committee: Finance & Tax Version:
Event: H Bill referred to Subcommittee on Trades, Professions & Regulated Business Time: 02/28/2003 - 6:52 PM Member: Committee: Subcommittee on Trades, Professions & Regulated Business Version:
Event: H Bill referred to Business Regulation Time: 02/28/2003 - 6:52 PM Member: Committee: Business Regulation Version:
Event: H Bill referred to Subcommittee on Commerce & Local Affairs Appropriations Time: 02/28/2003 - 6:52 PM Member: Committee: Subcommittee on Commerce & Local Affairs Appropriations Version:
Event: H Bill referred to Appropriations Time: 02/28/2003 - 6:52 PM Member: Committee: Appropriations Version:
Event: H File timely Time: 02/24/2003 - 3:58 PM Member: Bilirakis Committee: Version:

Statutes Referenced by this Bill

Statute Other Bill Citations
83.49
440.02 HB 163  , HB 1179, HB 1247, HB 1409, HB 1539, HB 1655, HB 1803, HB 1837
443.036 HB 857, HB 1827, HB 1907
475.001
475.01 HB 1395 CS
475.011 HB 1185, HB 1243, HB 1395 CS
475.02
475.04
475.161
475.17
475.175
475.181
475.182
475.215
475.22
475.23
475.25
475.2755
475.278
475.31
475.37
475.41
475.42
475.421
475.422
475.43
475.451
475.4511
475.453
475.455
475.482
475.483
475.484 HB 1803
475.5017
475.505
475.612 HB 1395 CS
501.604
687.14 HB 1803
689.25
721.20 HB 1243
760.29