BILL NUMBER: AB 1718	CHAPTERED
	BILL TEXT

	CHAPTER  193
	FILED WITH SECRETARY OF STATE  AUGUST 27, 2012
	APPROVED BY GOVERNOR  AUGUST 27, 2012
	PASSED THE SENATE  AUGUST 9, 2012
	PASSED THE ASSEMBLY  APRIL 30, 2012

INTRODUCED BY   Assembly Member Hill

                        FEBRUARY 16, 2012

   An act to amend Section 10150.6 of the Business and Professions
Code, relating to real estate brokers.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1718, Hill. Real estate broker licenses.
   Existing law, the Real Estate Law, provides for the licensure and
regulation of real estate salespersons and real estate brokers. Under
existing law, the Real Estate Commissioner may issue a real estate
broker's license to an applicant who (1) has at least the equivalent
of 2 years' general real estate experience or graduated from a 4-year
college or university course with a specialization in real estate,
(2) files a written petition with the Department of Real Estate,
which is approved by the commissioner, setting forth his or her
qualifications and experience, and (3) passes an examination and
satisfies other requirements.
   This bill would instead authorize the commissioner to grant an
original real estate broker's license to an applicant who (1) has at
least the equivalent of 2 years' general real estate experience, (2)
files a written petition with the Department of Real Estate, which is
approved by the commissioner, setting forth his or her
qualifications and experience, and (3) passes an examination and
satisfies other requirements. The bill would also authorize the
commissioner to treat a degree from a 4-year college or university,
with a major or minor in real estate, as the equivalent of 2 years'
general real estate experience.


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

  SECTION 1.  Section 10150.6 of the Business and Professions Code is
amended to read:
   10150.6.  (a) In addition to satisfying the other requirements of
this article, and except as provided in subdivisions (b) and (c), an
applicant for an original real estate broker's license shall
demonstrate to the Real Estate Commissioner that he or she has held a
real estate salesperson's license for at least two years and
qualified for the renewal of his or her real estate salesperson
status, within the five-year period immediately prior to the date of
his or her application for the broker's license, and during such time
was actively engaged in the business of real estate salesperson.
   (b) An applicant for a real estate broker's license having at
least the equivalent of two years' general real estate experience may
file a written petition with the Department of Real Estate setting
forth his or her qualifications and experience, and, if the
commissioner approves, he or she may be issued a real estate broker's
license immediately upon passing the examination and satisfying the
other requirements of this article.
   (c) In considering a petition described in subdivision (b), the
commissioner may treat a degree from a four-year college or
university, which course of study included a major or minor in real
estate, as the equivalent of two years' general real estate
experience.