House Bill 436

Actions | Amendments
Last Action 03/26/19: signed by Governor (KY Acts ch. 135)
Title AN ACT relating to professions licensed by the Real Estate Authority.
Bill Documents 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

Actions

Top | Amendments
02/19/19
  • introduced in House
02/20/19
  • to Licensing, Occupations, & Admin Regs (H)
02/22/19
  • posted in committee
03/01/19
  • taken from Licensing, Occupations, & Admin Regs (H)
  • 1st reading
  • returned to Licensing, Occupations, & Admin Regs (H)
03/04/19
  • reported favorably, 2nd reading, to Rules with Committee Substitute (1)
  • floor amendment (1) filed to Committee Substitute
03/05/19
  • posted for passage in the Regular Orders of the Day for Wednesday, March 6, 2019
03/06/19
  • 3rd reading, passed 93-2 with Committee Substitute (1) and floor amendment (1)
03/07/19
  • received in Senate
  • to Licensing, Occupations, & Administrative Regulations (S)
03/12/19
  • reported favorably, 1st reading, to Consent Calendar
03/13/19
  • 2nd reading, to Rules
03/14/19
  • posted for passage in the Consent Orders of the Day for Thursday, March 14, 2019
  • 3rd reading, passed 37-0
  • received in House
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
03/26/19
  • signed by Governor (KY Acts ch. 135)

Proposed Amendments

Top | Actions
Amendment House Committee Substitute 1
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
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: 5/10/2019 10:34 AM (EDT)
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