Senate Sponsors: BURZYNSKI-MOLARO-MADIGAN,R-LUECHTEFELD-DELEO. Short description: REAL ESTATE LICENSE ACT 1999 Synopsis of Bill as introduced: Repeals the Real Estate License Act of 1983 and creates the Real Estate License Act of 1999 to supersede the Real Estate License Act of 1983. Regulates through licensing requirements real estate brokers, salespersons, leasing agents, pre-license schools, pre-license instructors, continuing education schools, and continuing education instructors. Amends the Regulatory Agency Sunset Act to repeal the new Act on January 1, 2009. Makes other changes. Effective July 1, 1999. SENATE AMENDMENT NO. 1. Removes references concerning auctions. Provides that it is unlawful for a registered limited liability partnership to act as a real estate broker, real estate salesperson, or leasing agent or to advertise or assume to act as such a person without a properly issued sponsor card or a license. Provides that no limited liability company shall be granted a license or engage in the business or serve in the capacity of a real estate broker unless every manager (instead of managing member) holds a license and unless every member and employee (instead of just every employee) who acts as a salesperson or leasing agent holds a license. In provisions concerning guaranteed sales plans, replaces certain references to "broker" with references to "licensee". Makes other changes. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status