Requires real estate brokers and salespersons to compile and disclose client demographic data to the secretary of state; requires real estate brokers and salespersons to request the voluntary disclosure of demographic information from clients and record and retain such information for a period of two years.
A bill for an act relating to the license application form for real estate brokers and salespersons, and brokerage agreement requirements. (Formerly SF 15.) Effective date: 07/01/2025.
Allows up to seven excess continuing education credit hours for real estate brokers and real estate salespersons to be carried forward to the next two-year licensing period.
Requires any person in the business of selling, assigning or buying an equitable interest in real estate without taking legal title to such property, to be licensed as a real estate broker or salesperson and to comply with the disclosure requirements.
Requires any person in the business of selling, assigning or buying an equitable interest in real estate without taking legal title to such property, to be licensed as a real estate broker or salesperson and to comply with the disclosure requirements.