HB403: AN ACT relating to real property boards.

Legislative Summary

Amends KRS 198B.706 to allow the Kentucky Board of Home Inspectors to promulgate administrative regulations following review of the director of the Division of Real Property Boards; amends KRS 198B.724 to establish continuing education requirements for licensees, and amends the continuing education grace period to reflect the continuing education deadline established by the Kentucky Board of Home Inspectors; amends KRS 324.085 to establish continuing education requirements for licensees, and amends the continuing education grace periods to reflect the continuing education deadlines established by the Kentucky Real Estate Commission; amends KRS 324.281 to require the chair of the commission to submit written recommendations to the secretary of the Public Protection Cabinet regarding staffing needs and relevant experience necessary to carry out the functions of the commission, and requires the secretary of the cabinet to consider the staffing recommendations and requests submitted by the chair; amends KRS 324A.020 to allow the Real Estate Appraisers Board to promulgate administrative regulations following review of the director of the division; amends KRS 324A.045 to establish continuing education requirements for licensees, and amends the continuing education grace period to reflect the continuing education deadline established by the Real Estate Appraisers Board; amends KRS 324A.154 to allow the Real Estate Appraisers Board to promulgate administrative regulations following review of the director of the division; creates a new section of KRS Chapter 324B to create the Division of Real Property Boards within the Public Protection Cabinet, to direct the director of the division and the chair of each board to submit written recommendations to the cabinet regarding sufficient staffing needs, to require the secretary of the cabinet to consider the staffing recommendations and requests submitted by the executive director of the Kentucky Real Estate Authority, the director of the division, and the chair of each board, to require the executive director of the authority and the director of the division to have a minimum of seven years of experience in the real estate industry within the last 15 years, and to require the secretary of the cabinet to provide the division, the authority, and boards with documentation showing the income and expenditures of all license fees; amends KRS 324B.060 to require that the executive director of the authority have a minimum of seven years of experience in the real estate industry within the last 15 years; amends KRS 330.050 to allow the Board of Auctioneers to promulgate administrative regulations following review of the director of the division; amends KRS 330.070 to establish continuing education requirements for licensees, to amend the continuing education grace period to reflect the continuing education deadline established by the board, to establish the conditions upon which a license may be canceled; and amends other sections to conform.