REAL ESTATE BROKER & SALES; CONT. EDU. H.B. 4717 (H-1):

SUMMARY OF BILL

REPORTED FROM COMMITTEE

 

 

 

 

 

 

House Bill 4717 (Substitute H-1 as reported without amendment)

Sponsor: Representative Kristan C. Grant

House Committee: Regulatory Reform

Senate Committee: Regulatory Affairs

 


CONTENT

 

The bill would amend the Occupational Code to modify continuing education (CE) requirements of a real estate broker, associate real estate broker, or real estate salesperson (licensee). It would require a licensee to complete at least one hour of a course concerning compliance with local, State, or Federal fair housing law. It also would delete a provision requiring the completion of additional CE hours if a licensee failed to complete sufficient hours for over 60 days.

 

Article 25 of the Code requires a licensee to complete a certain number of hours of eligible CE courses in each licensing cycle as determined by the Department of Licensing and Regulatory Affairs (LARA). (Administrative Rule 339.22629 specifies that a licensee must complete 18 CE hours in each three-year license cycle with at least two hours of courses each year in the cycle on legal education.)

 

MCL 339.2504a

 

BRIEF RATIONALE

 

According to testimony before the Senate Committee on Regulatory Affairs, realtors and brokers are required to undergo initial training for fair housing law for licensure. It has been suggested that these individuals have ongoing education on fair housing law to ensure that their client's rights are protected and to support fairness and equality within the industry.

 

Legislative Analyst: Eleni Lionas

 

FISCAL IMPACT

 

The bill would have no fiscal impact on the State or local government.

 

Date Completed: 10-27-23 Fiscal Analyst: Elizabeth Raczkowski

 

 

 

 

This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.