REAL ESTATE BROKER APPLICATION NOTIFICATIONS

House Bill 4566 (Substitute H-1)

Sponsor:  Rep. David Farhat

Committee:  Regulatory Reform

Complete to 2-22-06

A SUMMARY OF HOUSE BILL 4566 AS REPORTED FROM COMMITTEE

The bill would amend the Occupational Code to allow Department of Labor and Economic Growth (DLEG) 15 business days (rather than 15 calendar days, as now) after receiving an application for a real estate broker's or associate broker's license to notify the applicant that an application is incomplete. 

The bill would also allow the department to notify real estate and associate brokers of an incomplete application by telephone, e-mail or Internet posting.  Currently, notification must be sent in writing "or made electronically available."

MCL 339.411

FISCAL IMPACT:

There is no fiscal impact on the State of Michigan or its local units of government.

POSITIONS:

            The Department of Labor and Economic Growth indicated support for the bill.  (2-21-06)

            The Michigan Association of Realtors indicated support for the bill.  (2-21-06)

                                                                                           Legislative Analyst:   E. Best

                                                                                                  Fiscal Analyst:   Richard Child

This analysis was prepared by nonpartisan House staff for use by House members in their deliberations, and does not constitute an official statement of legislative intent.