California Assembly Bill AB1718 Introduced / Bill

 BILL NUMBER: AB 1718INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Hill FEBRUARY 16, 2012 An act to amend Section 10150.6 of the Business and Professions Code, relating to real estate brokers. LEGISLATIVE COUNSEL'S DIGEST AB 1718, as introduced, Hill. Real estate broker licenses. Existing law, the Real Estate Law, provides for the licensure and regulation of real estate salespersons and real estate brokers. Under existing law, the Real Estate Commissioner may issue a real estate broker's license to an applicant who (1) has at least the equivalent of 2 years' general real estate experience or graduated from a 4-year college or university course with a specialization in real estate, (2) files a written petition with the Department of Real Estate, which is approved by the commissioner, setting forth his or her qualifications and experience, and (3) passes an examination and satisfies other requirements. This bill would instead authorize the commissioner to grant an original real estate broker's license to an applicant who (1) has at least the equivalent of 2 years' general real estate experience, (2) files a written petition with the Department of Real Estate, which is approved by the commissioner, setting forth his or her qualifications and experience, and (3) passes an examination and satisfies other requirements. The bill would also authorize the commissioner to treat a degree from a 4-year college or university, with a major or minor in real estate, as the equivalent of 2 years' general real estate experience. Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 10150.6 of the Business and Professions Code is amended to read: 10150.6.  The   (a)     In addition to satisfying the other requirements of this article, and except as provided in subdivisions (b) and (c), an applicant for an original real estate broker's license shall demonstrate to the  Real Estate Commissioner  shall not grant an original real estate broker's license to any person who has not   that he or she has  held a real estate  salesman's   salesperson's  license for at least two years and qualified for  the  renewal  of his or her  real estate  salesman   salesperson  status, within the five-year period immediately prior to the date of his  or her  application for the broker's license, and during such time was  not  actively engaged in the business of real estate  salesman, except that an applicant for a real estate broker's license having at least the equivalent of two years' general real estate experience or graduation from a four-year college or university course, which course included specialization in real estate, files a written petition with the Department of Real Estate setting forth his qualifications and experience, and the commissioner approves, he may be issued a real estate broker's license immediately upon passing the examination and satisfying the other requirements of this article   salesperson .  (b) An applicant for a real estate broker's license having at least the equivalent of two years' general real estate experience may file a written petition with the Department of Real Estate setting forth his or her qualifications and experience, and, if the commissioner approves, he or she may be issued a real estate broker's license immediately upon passing the examination and satisfying the other requirements of this article.   (c) In considering a petition described in subdivision (b), the commissioner may treat a degree from a four-year college or university, which course of study included a major or minor in real estate, as the equivalent of two years' general real estate experience.