Bill Text: AZ SB1193 | 2016 | Fifty-second Legislature 2nd Regular | Chaptered

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Bill Title: Real estate licenses; broker possession

Spectrum: Partisan Bill (Republican 6-0)

Status: (Passed) 2016-05-18 - Chapter 336 [SB1193 Detail]

Download: Arizona-2016-SB1193-Chaptered.html

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Senate Engrossed

 

 

 

State of Arizona

Senate

Fifty-second Legislature

Second Regular Session

2016

 

 

 

CHAPTER 336

 

SENATE BILL 1193

 

 

AN ACT

 

amending section 32-2128, Arizona Revised Statutes; relating to real estate licensing.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 32-2128, Arizona Revised Statutes, is amended to read:

START_STATUTE32-2128.  Display and possession of license certificates; electronic records

A.  The designated broker's and, if applicable, the employing broker's license certificate shall be prominently displayed in the office of the broker, and all other license certificates shall be readily available.  A salesperson's or associate broker's license certificate shall remain in the possession of the employer until IT IS cancelled, terminated, suspended or revoked by the department,  or when UNTIL the licensee is severed from employment, when it shall be returned to the department by the designated broker.  If a pocket card identification was issued to a licensee whose license is subsequently cancelled, terminated, suspended or revoked or if the licensee is no longer employed by a broker, the licensee shall immediately return the pocket card to the broker shall dispose of the license certificate.

B.  A designated broker may comply with the possession requirements for a salesperson's or associate broker's license certificate prescribed by subsection A of this section by doing both of the following:

1.  Accessing the licensee's record in the department's public database that the department posts on its website.

2.  Printing a copy of the record that shows current and active licensure or having the record available electronically. END_STATUTE

 

 

 

APPROVED BY THE GOVERNOR MAY 18, 2016.

 

FILED IN THE OFFICE OF THE SECRETARY OF STATE MAY 18, 2016.