BILL NUMBER: SB 329	CHAPTERED  07/02/01

	CHAPTER  26
	FILED WITH SECRETARY OF STATE  JULY 2, 2001
	APPROVED BY GOVERNOR  JUNE 30, 2001
	PASSED THE ASSEMBLY  JUNE 18, 2001
	PASSED THE SENATE  APRIL 26, 2001
	AMENDED IN SENATE  APRIL 17, 2001

INTRODUCED BY   Senator Morrow

                        FEBRUARY 20, 2001

   An act to amend Section 10153.2 of the Business and Professions
Code, relating to real estate brokers.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 329, Morrow.  Real estate brokers:  education requirements.
   The Real Estate Law requires the licensure of a person by the Real
Estate Commissioner to engage in the business of, act in the
capacity of, or advertise or assume to act as, a real estate broker
or a real estate salesman within this state. The Real Estate Law
requires an applicant to take the examination for an original real
estate broker license to submit evidence of the successful completion
of certain courses at an accredited institution, including the
successful completion of 3 courses from a list of optional courses.
   This bill would add to the list of the optional courses a course
in computer applications in real estate.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.  Section 10153.2 of the Business and Professions Code is
amended to read:
   10153.2.  (a) An applicant to take the examination for an original
real estate broker license shall also submit evidence, satisfactory
to the commissioner, of successful completion, at an accredited
institution, of:
   (1) A three-semester unit course, or the quarter equivalent
thereof, in each of the following:
   (A) Real estate practice.
   (B) Legal aspects of real estate.
   (C) Real estate appraisal.
   (D) Real estate financing.
   (E) Real estate economics or accounting.
   (2) A three-semester unit course, or the quarter equivalent
thereof, in three of the following:
   (A) Advanced legal aspects of real estate.
   (B) Advanced real estate finance.
   (C) Advanced real estate appraisal.
   (D) Business law.
   (E) Escrows.
   (F) Real estate principles.
   (G) Property management.
   (H) Real estate office administration.
   (I) Mortgage loan brokering and lending.
   (J) Computer applications in real estate.
   (b) The commissioner shall waive the requirements of this section
for an applicant who is a member of the State Bar of California and
shall waive the requirements for which an applicant has successfully
completed an equivalent course of study as determined under Section
10153.5.
   (c) The commissioner shall extend credit under this section for
any course completed to satisfy requirements of Section 10153.3 or
10153.4.