2015 Senate Bill 26 / 2016 Public Act 502

Revise real estate licensure details

Introduced in the Senate

Jan. 22, 2015

Introduced by Sen. Mike Kowall (R-15)

To revise, update and expand many details of the law that imposes a licensure mandate on real estate brokers and salespersons. Among other things, the bill would establish that possession of a law degree or MBA degree would be considered equivalent to 60 of the 90 hours of instruction mandated to obtain a broker’s license.

Referred to the Committee on Regulatory Reform

Oct. 20, 2016

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Passed in the Senate 36 to 0 (details)

Received in the House

Nov. 9, 2016

Referred to the Committee on Regulatory Reform

Nov. 30, 2016

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Dec. 13, 2016

Amendment offered by Rep. Martin Howrylak (R-41)

To remove a requirement that any promotion by a real estate salesperson or broker to include the business name of the employing broker.

The amendment failed by voice vote

Passed in the House 106 to 2 (details)

To revise, update and expand many details of the law that imposes a licensure mandate on real estate brokers and salespersons. Among other things, the bill would establish that possession of a law degree or MBA degree would be considered equivalent to 60 of the 90 hours of instruction mandated to obtain a broker’s license.

Received in the Senate

Dec. 13, 2016

Passed in the Senate 37 to 0 (details)

To concur with the House-passed version of the bill.

Signed by Gov. Rick Snyder

Dec. 31, 2016