The bill HB225 amends the Code of Alabama 1975 to enhance the licensure and regulation of real estate professionals, including brokers and salespersons. Key insertions include definitions for terms such as "accredited school," "continuing education course," and "prelicense course," which clarify the educational requirements for institutions approved by the commission. The bill grants the commission exclusive authority to license and regulate prelicense and continuing education schools, requiring these institutions to obtain a surety bond not exceeding $20,000. Additionally, the bill introduces new fee structures for schools and modifies the licensing process, including stipulations for criminal history checks and the conditions under which licenses can be renewed or become inactive.

The bill also makes several deletions to streamline existing regulations, such as removing outdated terms and clarifying the roles of educational institutions. It reinforces the commission's authority to reprimand or fine schools and instructors for violations, with increased fines up to $5,000. Furthermore, the bill outlines new requirements for obtaining reciprocal and temporary licenses, mandates the completion of specific educational courses, and establishes conditions for qualifying brokers. Overall, HB225 aims to strengthen oversight and accountability within the real estate education framework while ensuring that applicants meet rigorous educational and ethical standards.

Statutes affected:
Introduced: 34-27-6, 34-27-32, 34-27-33, 34-27-34, 34-27-35, 34-27-36
Engrossed: 34-27-6, 34-27-32, 34-27-33, 34-27-34, 34-27-35
Enrolled: 34-27-6, 34-27-32, 34-27-33, 34-27-34, 34-27-35