BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
AB 1807 (Bonta) - Real estate licensees
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|Version: June 22, 2016 |Policy Vote: B., P. & E.D. 9 - |
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|Urgency: No |Mandate: No |
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|Hearing Date: August 11, 2016 |Consultant: Brendan McCarthy |
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*********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
The following information is revised to reflect amendments
adopted by the committee on August 11, 2016
Bill
Summary: AB 1807 would allow a licensee of the Bureau of Real
Estate to petition the Bureau to remove information about
disciplinary actions taken against the licensee, after ten years
have elapsed and certain conditions are met.
Fiscal
Impact:
Minor costs to adopt regulations specifying what information
must be provided by a petitioner to the Bureau of Real Estate
(Real Estate Fund).
AB 1807 (Bonta) Page 1 of
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One-time costs of $340,000 and ongoing costs of $290,000 per
year for the Bureau of Real Estate to evaluate petitions from
licensees and the licensee's past disciplinary history and to
document the Bureau's decision on the petition (Real Estate
Fund). Because the requirement for the Bureau to retain
information on its website for ten years went into effect in
2011, the Bureau would not likely receive a substantial number
of petitions until 2019-20. The Bureau anticipates that about
400 licensees per year would request disciplinary information
to be removed from the website. The bill requires a petitioner
to pay the Bureau a fee to cover the Bureau's workload, to be
set by the Bureau. Depending on the fee level established by
the Bureau, fee revenues will offset some or all of the
Bureau's costs.
Author
Amendments: Authorize the Bureau to determine the level of the
fee and make technical changes.
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