SB331 Alabama 2021 Session

Under existing law, the Alabama Real Estate Commission is responsible for licensing real estate brokers and salespersons in the state

This bill would provide further for definitions and persons exempt from regulation

This bill would authorize the commission to provide for live virtual online education courses, and would provide further for the content of certain courses

This bill would revise the method of appointing members to the commission

This bill would prohibit the commission from engaging in political activity, hiring lobbyists, or engaging in political speech or activity otherwise prohibited by law

This bill would require the commission to publish the names of any financial institutions holding commission funds on the website of the commission

This bill would provide further for the qualifications for licensure of a real estate broker and real estate salesperson

This bill would provide that the license of any licensee providing faulty payment to the commission be declared inactive

This bill would also make nonsubstantive, technical revisions to update the existing code language to current style

Relating to the Alabama Real Estate Commission; to amend Sections 34-27-2, 34-27-6, 34-27-7, 34-27-8, 34-27-32, 34-27-35, and 34-27-36, Code of Alabama 1975; to provide further for definitions; to provide further for exemptions from regulation; to provide for live virtual online education courses and the content of certain courses; to revise the method of appointing members to the commission; to prohibit the commission from engaging in political activity, hiring lobbyists, or otherwise engaging in political speech or activity prohibited by law; to require the commission to publish the names of financial institutions holding commission funds on its website; to provide further for the qualifications for licensure of a real estate broker and real estate salesperson; to provide that the licensee of any license providing faulty payment to the commission be declared inactive; to repeal Sections 34-27-5 and 34-27-8.1, Code of Alabama 1975, providing for county lists of licensees and legislative findings related to the rulemaking authority of the commission; and to make nonsubstantive, technical revisions to update the existing code language to current style.