Last Action | 03/26/19: signed by Governor (KY Acts ch. 135) |
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Title | AN ACT relating to professions licensed by the Real Estate Authority. |
Bill Documents |
Acts Chapter 135
Current/Final Introduced |
Bill Request Number | 1429 |
Sponsors | R. Bridges, M. Hart, S. Lewis, T. Moore, J. Nemes, P. Pratt, D. Schamore, S. Sheldon, N. Tate, W. Thomas, J. Tipton |
Summary of Original Version | Amend KRS 324.085 to include an exemption from the annual continuing education requirement for licensees completing post-licensing education; require licensees to complete 9 classroom or online hours of continuing education each year; require 3 of the 9 continuing education hours to be in real estate law; amend KRS 324.090 to require licenses to expire and be renewed biennially; amend KRS 324.287 to place a $60 cap on the biennial original finance fee; place a $60 cap on the renewal license fee; establish and place a $200 cap on the prelicensing education course review fee; establish and place a $50 cap on the continuing and postlicensing education course review fee; establish and place a $75 cap on the distance education course review fee; eliminate request for change fee; amend KRS 324.310 to change escrow to inactive status; require candidates to submit a criminal record check consistent with KRS 324.045(4); amend KRS 324.330 to eliminate reference to the change fee; amend KRS 324.395 to mandate all required insurance to contain extended reporting period coverage; establish a $200 cap on coverage for the group policy the commission is required to obtain for licensees; amend KRS 324.400 to change the annual renewal to biennially; place a $60 cap on the biennial renewal fee; amend KRS 324.420 to reduce the statute of limitations for filing complaints with the commission from two years to one; amend KRS 413.140 to include real estate licensees in the one-year statute of limitations for professional liability; amend KRS 198B.724 to allow the board to accept up to 6 hours of continuing education in real estate; amend KRS 324A.045 to allow the board to accept up to 6 hours of continuing education in real estate; amend KRS 330.070 to allow the board to accept up to 6 hours of continuing education in real estate; repeal KRS 324A.060; Sections 1 and 2 of this Act EFFECTIVE January 1, 2020. |
Index Headings of Original Version |
Effective Dates, Delayed - Real estate licenses, continuing education, January 1, 2020 Fees - Real estate licensees, continuing education for Licensing - Real estate licensees, continuing education requirements for Occupations and Professions - Real estate licensees, continuing education requirements for Occupations and Professions - Real estate licensees, license fees for Real Estate - Licensees, continuing education for |
Jump to Proposed Amendments |
House Committee Substitute 1 House Floor Amendment 1 |
Votes | Vote History |
02/19/19 |
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02/20/19 |
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02/22/19 |
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03/01/19 |
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03/04/19 |
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03/05/19 |
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03/06/19 |
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03/07/19 |
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03/12/19 |
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03/13/19 |
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03/14/19 |
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03/26/19 |
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Amendment | House Committee Substitute 1 |
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Summary | Amend KRS 324.085 to require 12 hours of continuing education biennially for licensees; amend KRS 324.090 to clarify that the renewal period is biennial; amend KRS 324.281 to authorize the governor to appoint seven members to the Kentucky Real Estate Commission; require six of the commission members to be residents of the Commonwealth for the last 10 years; limit the number of members on the commission that come from the same political party to four; amend KRS 324.287 to restore the original fee for certification of status; restore the original fee for requests for change; place a $60 cap on the biennial recovery fund fee; amend KRS 324.310 to establish the conditions upon which a licensee can place a license in inactive status; establish the conditions upon which a license may be reactivated after its cancellation; amend KRS 324.330 to restore original language regarding certification of status with the commission; amend KRS 324.395 to remove new language regarding extended reporting period coverage insurance for active licensees; amend KRS 324.420 to place a $60 cap on the biennial recovery fund fee. |
Index Headings |
Licensing - Real estate licensees, continuing education requirements for Occupations and Professions - Real estate licensees, continuing education requirements for Real Estate - Licensees, continuing education for Boards and Commissions - Kentucky Real Estate Commission, membership appointments for |
Amendment | House Floor Amendment 1 |
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Sponsor | R. Bridges |
Summary | Allow six of the 12 continuing education hours for occupations licensed under KRS Chapters 330 and 324A and KRS 198B.700 to198B.738 to be in real estate-related courses; delete Sections 11 to 13; renumber subsequent sections accordingly. |
Index Headings |
Occupations and Professions - Real estate licensees, continuing education for Real Estate - Licensees, continuing education for |
Last updated: 11/9/2023 3:08 PM (EST)