STATEMENT OF PURPOSE
RS28070 / H0102
Consistent with the Governor's Red Tape Reduction Act, this bill seeks to eliminate inactive provisions of law.
The Commission seeks to remove a portion of a definition that requires a real estate license for a business
opportunity where a transfer of an interest in land by assignment of a lease is involved. Leasing isn't otherwise
regulated in Idaho. This small section in the definition of "business opportunity" is contradictory to the absence
of regulating leasing in Idaho. It should not be regulated in the specific circumstances where it is part of a
business opportunity unless leasing is regulated in general in Idaho. Business opportunities where the sale of
real property is involved will continue to be regulated under license law.
The Commission also seeks remove language requiring a consumer confirm their review of the brokerage's
office policy on agency. Legislation in 2020 was passed to remove requirement for the brokerage to have a
written agency policy.
FISCAL NOTE
This legislation will have no fiscal impact to the general fund or the agency's Special Real Estate Account
because deleting requirements does not compel additional agency action or create any new programs.
Contact:
MiChell Bird
Idaho Division of Occupational and Professional Licenses
(208) 334-3285
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 02/08/2021, 8:27 AM


Statutes affected:
Bill Text: 54-2004, 54-2085
Engrossment 1: 54-2004, 54-2085