HB416 raises the Real Estate Commission's renewal research and education fee from $2.50 to $7.50 per year and directs the funds to the Alabama Center for Real Estate.
The bill amends Section 34-27-35 to increase the renewal research and education fee for license renewals to $7.50 per year of the license period. Beginning October 1, 2014, the proceeds from this fee are to be distributed to the Alabama Center for Real Estate. The fee is in addition to existing renewal fees, and brokers with more than one license pay the fee for only one license per renewal. The act takes effect immediately upon the governor's approval and the new fee schedule applies to renewals on or after October 1, 2014.
Delivered to Governor at 4:45 p.m. on April 3, 2014.
Assigned Act No. 2014-443.
Clerk of the House Certification
Signature Requested
Enrolled
Passed Second House
Motion to Read a Third Time and Pass adopted Roll Call 1179
Third Reading Passed
Read for the second time and placed on the calendar
Read for the first time and referred to the Senate committee on Finance and Taxation Education
Engrossed
Motion to Read a Third Time and Pass adopted Roll Call 695
Motion to Adopt adopted Roll Call 694
Boards, Agencies and Commissions Amendment Offered
Third Reading Passed
Read for the second time and placed on the calendar 1 amendment
Read for the first time and referred to the House of Representatives committee on Boards, Agencies and Commissions
Source: Alabama Legislature