SB 1866

Abstract

Amends the Auction License Act, the Community Association Manager Licensing and Disciplinary Act, Home Inspector License Act, Real Estate License Act of 2000, Real Estate Appraiser Licensing Act of 2002, and the Appraisal Management Company Registration Act. Makes changes in provisions including: expiration, renewal, and continuing education; restoration; fees, disposition of funds; disciplinary actions, grounds; investigations, notice and hearing; findings and recommendations; restoration of license; and the various relevant boards. Provides for cease and desist orders, statute of limitations, licensing of auction schools, and course approval in the Auction License Act. Makes other changes. Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with the following changes: In provisions amending the Auction License Act, provides that courses offered by auction schools to obtain the real estate auction certification shall be approved by the Real Estate Administration and Disciplinary Board. In provisions amending the Home Inspector License Act, inserts provisions concerning licenses on inactive status. In provisions amending the Real Estate Appraiser Licensing Act of 2002, restores language concerning continuing education requirement for residential leasing agents. In provisions amending the Community Association Manager Licensing and Disciplinary Act, makes changes in provisions concerning investigations. Senate Floor Amendment No. 2 Provides that service may be made to an email address on record if, in the course of the administrative proceeding, the party has previously designated a specific email address at which to accept electronic service for that proceeding. Restores references to certain notices being sent by certified mail. Senate Floor Amendment No. 3 Provides that on or after July 1, 2023, at the direction of the Department of Financial and Professional Regulation, the Comptroller shall direct and the Treasurer shall transfer the remaining balance of funds collected under the Auction License Act from the General Professions Dedicated Fund to the Division of Real Estate General Fund.