1-1 By: Brown S.B. No. 589
1-2 (In the Senate - Filed February 16, 1995; February 20, 1995,
1-3 read first time and referred to Committee on Finance;
1-4 April 28, 1995, reported adversely, with favorable Committee
1-5 Substitute by the following vote: Yeas 11, Nays 0; April 28, 1995,
1-6 sent to printer.)
1-7 COMMITTEE SUBSTITUTE FOR S.B. No. 589 By: Bivins
1-8 A BILL TO BE ENTITLED
1-9 AN ACT
1-10 relating to the funding of the Texas Real Estate Research Center
1-11 from certain real estate broker and salesman fees.
1-12 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-13 SECTION 1. Subsection (m), Section 5, The Real Estate
1-14 License Act (Article 6573a, Vernon's Texas Civil Statutes), is
1-15 amended to read as follows:
1-16 (m) The <Fifteen dollars received by the> commission shall
1-17 charge and collect as a condition for issuance and for <a> renewal
1-18 of a real estate broker license the fee under Section 11(a)(14) of
1-19 this Act. The commission shall charge and collect as a condition
1-20 for issuance and <before the expiration of the license or before
1-21 the first anniversary of the date the license expired and $7.50
1-22 received by the commission> for <a> renewal of a real estate
1-23 salesman license the fee under Section 11(a)(15) of this Act. The
1-24 commission <before the expiration of the license or before the
1-25 first anniversary of the date the license expired> shall transmit
1-26 the fees under this subsection quarterly <be transmitted annually>
1-27 to Texas A&M University for deposit in a separate banking account.
1-28 The money in the separate account shall be expended for the support
1-29 and maintenance of the Texas Real Estate Research Center and for
1-30 carrying out the purposes, objectives, and duties of the center.
1-31 However, all money expended from the separate account shall be as
1-32 determined by legislative appropriation.
1-33 SECTION 2. Subsection (a), Section 11, The Real Estate
1-34 License Act (Article 6573a, Vernon's Texas Civil Statutes), is
1-35 amended to read as follows:
1-36 (a) The commission shall charge and collect the following
1-37 fees:
1-38 (1) a fee not to exceed $100 for the filing of an
1-39 original application for a real estate broker license;
1-40 (2) a fee not to exceed $100 for annual renewal of a
1-41 real estate broker license;
1-42 (3) a fee not to exceed $50 for the filing of an
1-43 original application for a real estate salesman license;
1-44 (4) a fee not to exceed $50 for annual renewal of a
1-45 real estate salesman license;
1-46 (5) a fee not to exceed $25 for an application for a
1-47 license examination;
1-48 (6) a fee not to exceed $20 for filing a request for a
1-49 license for each additional office or place of business;
1-50 (7) a fee not to exceed $20 for filing a request for a
1-51 license for a change of place of business, change of name, return
1-52 to active status, or change of sponsoring broker;
1-53 (8) a fee not to exceed $20 for filing a request to
1-54 replace a license lost or destroyed;
1-55 (9) a fee not to exceed $400 for filing an application
1-56 for approval of an education program under Section 7(f) of this
1-57 Act;
1-58 (10) a fee not to exceed $200 a year for operation of
1-59 an education program under Section 7(f) of this Act;
1-60 (11) a fee of $15 for transcript evaluation;
1-61 (12) a fee not to exceed $10 for preparing a license
1-62 history; <and>
1-63 (13) a fee not to exceed $50 for the filing of an
1-64 application for a moral character determination;
1-65 (14) an annual fee of $20 from each real estate broker
1-66 to be transmitted to Texas A&M University for the Texas Real Estate
1-67 Research Center as provided by Section 5(m) of this Act; and
1-68 (15) an annual fee of $17.50 from each real estate
2-1 salesman to be transmitted to Texas A&M University for the Texas
2-2 Real Estate Research Center as provided by Section 5(m) of this
2-3 Act.
2-4 SECTION 3. This Act takes effect September 1, 1995, and
2-5 applies only to a license issued or renewed on or after that date.
2-6 SECTION 4. The importance of this legislation and the
2-7 crowded condition of the calendars in both houses create an
2-8 emergency and an imperative public necessity that the
2-9 constitutional rule requiring bills to be read on three several
2-10 days in each house be suspended, and this rule is hereby suspended.
2-11 * * * * *