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REFERENCE TITLE: real estate; fund; prosecutor |
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State of Arizona House of Representatives Fifty-second Legislature Second Regular Session 2016
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HB 2191 |
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Introduced by Representatives Finchem, Lawrence: Allen J, Barton, Borrelli, Bowers, Clark, Cobb, Leach, Livingston, Mitchell, Rivero, Shope, Thorpe, Townsend, Ugenti-Rita
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AN ACT
amending section 32‑2187, Arizona Revised Statutes; relating to the state real estate department.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 32-2187, Arizona Revised Statutes, is amended to read:
32-2187. Payments to real estate recovery fund
A. In addition to any other fees, payments shall be made to the real estate recovery fund on application by any person, as follows:
1. For an original real estate or cemetery broker's license, twenty dollars.
2. For an original real estate or cemetery salesperson's license, ten dollars.
B. If, on June 30 of any year, the balance remaining in the real estate recovery fund is less than six eight hundred thousand dollars, every broker when renewing a real estate or cemetery license during the following license year shall pay, in addition to the license renewal fee, a fee of twenty dollars for deposit in the real estate recovery fund, and every salesperson when renewing a real estate or cemetery license during such that year shall pay, in addition to the license renewal fee, a fee of ten dollars for deposit in the real estate recovery fund.
Sec. 2. State real estate department; special prosecutor; fraud
For fiscal years 2017‑2018 and 2018-2019, the attorney general shall appoint a special prosecutor to the state real estate department to prosecute real estate fraud cases.