special plate; police foundation
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends Arizona’s real estate laws to establish a special plate for police foundations and primarily focuses on regulating timeshare sales. It updates definitions related to real estate transactions, including terms like ‘barrier,’ ‘blanket encumbrance,’ and ‘common promotional plan.’ The bill also modifies licensing requirements for real estate brokers, salespersons, cemetery brokers, and timeshare salespersons, including continuing education requirements and qualifications for obtaining a license. It clarifies the roles and responsibilities of designated brokers and addresses issues related to inactive licenses and felony convictions.
Key provisions
- Defines terms related to real estate transactions, such as ‘barrier,’ ‘blanket encumbrance,’ and ‘common promotional plan.’
- Updates licensing requirements for real estate brokers, salespersons, cemetery brokers, and timeshare salespersons, including continuing education.
- Establishes a special plate for police foundations.
- Clarifies the roles and responsibilities of designated brokers.
- Addresses issues related to inactive licenses, including requirements for renewal and potential reactivation.
- Specifies requirements for applicants with prior license revocations or suspensions.
- Outlines procedures for renewing licenses, including continuing education requirements and potential exemptions.
- Modifies requirements for real estate brokers to renew as salespersons.
Who is affected
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Sponsors
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1 on record
Primary sponsor
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