Extends the supervision period to five years for real estate brokers applying for a license.
The bill amends the real property law to increase the period of supervision required for real estate brokers applying for a license. It mandates that applicants must have participated in the general real estate brokerage business as a licensed real estate salesperson under supervision for at least five consecutive years. The bill also requires applicants to complete a cultural competency training class and attend at least 152 hours of real estate courses. The changes will take effect 180 days after the bill becomes law.
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