Adopted

AMENDMENT NO 2 PROPOSED TO

House Bill No. 1212

BY: Representative Haney

AMEND on line 13 by inserting before the word "Every" , the following:

     "Except as otherwise provided in this section, every"

AMEND FURTHER on lines 21, 30 and 31 by deleting "thirty-six (36)" and inserting in lieu thereof:

     "twelve (12)"

AMEND FURTHER on line 28 after "73-35-10" by inserting the following:

     "; and (h) sign a form under penalty of perjury stating that the applicant will not hire any real estate salespersons for thirty-six (36) months from the date of approval of his or her active real estate salesperson's license.  The real estate commission shall create a standard form to comply with the requirements of this section.  Upon completion of such restriction provided in this paragraph (h) of this section, the real estate broker is authorized to employ any number of real estate salespersons.

The provisions of paragraph (h) shall not apply to an applicant who seeks to hire a real estate salesperson in less than thirty-six (36) months from the date of approval of his or her active real estate salesperson's license.  Any person who desires to hire a real estate salesperson in less than thirty-six (36) months from the date of approval of his or her active real estate salesperson's license shall:  (a) be age twenty-one (21) years or over, and have his or her legal domicile in the State of Mississippi at the time he or she applies; (b) be subject to the jurisdiction of this state, subject to the income tax laws and other excise laws thereof, subject to the road and bridge privilege tax laws thereof; (c) not be an elector in any other state; (d) have held a license as an active real estate salesperson for thirty-six (36) months immediately prior to making application for the broker's examination hereafter specified; (e) have successfully completed a minimum of one hundred twenty (120) hours of courses in real estate as hereafter specified; (f) have successfully completed the real estate broker's examination as hereafter specified; and (g) have successfully been cleared for licensure by the commission's background investigation as provided in Section 73-35-10."

AMEND TITLE TO CONFORM