00 Enrolled HB 418 01 Extending the termination date of the Real Estate Commission; relating to real estate; relating 02 to home inspectors; relating to real estate licensees; and providing for an effective date. 03 _______________ 04 * Section 1. AS 08.03.010(c)(19) is amended to read: 05 (19) Real Estate Commission (AS 08.88.011) - June 30, 2008 [2004]; 06 * Sec. 2. AS 08.18.022(a) is amended to read: 07 (a) The department shall issue a certificate of registration as a home inspector 08 for new homes, existing homes, or both, as appropriate, to an individual who 09 (1) passes the appropriate home inspection examination; for purposes 10 of this paragraph, the appropriate home inspection examination for an individual who 11 applies to be registered for inspection of 12 (A) existing homes is the examination offered by the American 13 Society of Home Inspectors [, AMERICAN HOME INSPECTORS 01 TRAINING INSTITUTE,] or National Association of Home Inspectors; 02 (B) new homes or for a joint registration is the examination 03 offered by the International Code Council; 04 (2) meets the educational and experience requirements adopted by the 05 department in regulations for the type of registration applied for; 06 (3) submits a complete application for registration either 07 (A) within three years [ONE YEAR] after passing the 08 examination required under (1) of this subsection; or 09 (B) accompanied by documentation that the applicant has 10 completed continuing education requirements established by the 11 department; 12 (4) within the seven years preceding the date of application, has not 13 been under a sentence for an offense related to forgery, theft in the first or second 14 degree, extortion, or defrauding creditors or for a felony involving dishonesty; 15 (5) has not had the authority to perform home inspections revoked in 16 this state or in another jurisdiction; 17 (6) is not the subject of an unresolved criminal complaint or 18 unresolved disciplinary action before a regulatory authority in this state or in another 19 jurisdiction related to real estate or home inspection matters; and 20 (7) pays the appropriate fees. 21 * Sec. 3. AS 08.18.071(a) is amended to read: 22 (a) Except as provided in (d) and (e) of this section, each [EACH] applicant 23 shall, at the time of applying for a certificate of registration, file with the 24 commissioner a surety bond running to the state conditioned upon the applicant's 25 promise to pay all 26 (1) taxes and contributions due the state and political subdivisions; 27 (2) persons furnishing labor or material or renting or supplying 28 equipment to the applicant; and 29 (3) amounts that may be adjudged against the applicant by reason of 30 negligent or improper work or breach of contract in the conduct of the contracting 31 business or home inspection activity, as applicable, or by reason of damage to public 01 facilities occurring in the course of a construction project. 02 * Sec. 4. AS 08.18.071 is amended by adding new subsections to read: 03 (d) A general contractor or specialty contractor who is in compliance with the 04 surety bond or deposit requirements of (a) and (b) of this section is not required to file 05 another surety bond or increase a deposit with the commissioner when the general 06 contractor or specialty contractor applies to be a registered home inspector. However, 07 if the general contractor or specialty contractor subsequently is neither a general 08 contractor nor a specialty contractor and becomes only a registered home inspector, 09 the home inspector shall provide a surety bond or deposit in lieu of the bond in the 10 manner and amount required for registered home inspectors under this section. 11 (e) An applicant for, or holder of, a certificate of registration as a home 12 inspector may, in lieu of filing with the commissioner a surety bond or deposit that 13 meets the requirements of this section, file evidence satisfactory to the commissioner 14 that the applicant is employed by a registered home inspector who is in compliance 15 with the surety bond or deposit requirements of this section. 16 * Sec. 5. AS 08.18.101 is amended by adding a new subsection to read: 17 (b) Proof of insurance coverage for an applicant under (a) of this section may 18 be satisfied by providing evidence that the applicant is covered by a policy in effect 19 for the applicant's employer at least to the extent required under (a) of this section. 20 * Sec. 6. AS 08.88.251 is amended by adding new subsections to read: 21 (d) A licensee may, subject to the approval of the commission, renew an 22 inactive license for 24 months from the anniversary date of the issuance of the initial 23 inactive license certificate under (a) of this section. 24 (e) An active license that has been converted from inactive status under (c) of 25 this section shall be issued for the remainder of the current 24-month period of the 26 inactive license. 27 * Sec. 7. AS 08.88.291 is amended by adding new subsections to read: 28 (b) Each licensee under this chapter is responsible for ensuring that the 29 commission has current contact information for the licensee for two years after the 30 lapse, expiration, surrender, suspension, or revocation of the license. 31 (c) In addition to the information provided under (a) of this section, a licensee 01 shall provide the commission with a current mailing address and, if active, the address 02 of the broker employing the licensee. 03 (d) The commission shall mail all notices pertaining to a license or surety fund 04 action taken under this chapter or a regulation adopted under this chapter to the current 05 address or addresses of a licensee obtained under this section. Proof of notice 06 provided under this subsection satisfies due process notice requirements. 07 * Sec. 8. AS 08.88.470 is amended to read: 08 Sec. 08.88.470. Findings and payment. At the conclusion of the 09 commission's consideration of a claim made under AS 08.88.460, it shall make written 10 findings and conclusions on the evidence. If the commission finds that the claimant 11 has suffered a loss in a real estate transaction as a result of fraud, misrepresentation, 12 deceit, or the conversion of trust funds or the conversion of community association 13 accounts under the control of a community association manager on the part of a real 14 estate licensee, the commission may award a claimant reimbursement from the real 15 estate surety fund for the claimant's loss up to $15,000 [$10,000]. Not more than 16 $15,000 [$10,000] may be paid for each transaction regardless of the number of 17 persons injured or the number of parcels of real estate involved in the transaction. 18 * Sec. 9. The uncodified law of the State of Alaska enacted in sec. 44(a), ch. 134, SLA 19 2003, is amended to read: 20 (a) Notwithstanding AS 08.18.022, added by sec. 7 of this Act, the 21 Department of Community and Economic Development shall issue a certificate of 22 joint registration that is valid until January 1, 2006, to an individual who submits to 23 the department satisfactory evidence of being in the business of home inspection in the 24 state at the time of application for registration under this subsection and of having 25 (1) been in the business of home inspection in the state on October 1, 26 2002; and 27 (2) passed the building inspector examination, [OR] property 28 maintenance and housing inspector examination, or the residential combination 29 examination given by the International Code Council. 30 * Sec. 10. The uncodified law of the State of Alaska enacted in sec. 44(c), ch. 134, SLA 31 2003, is amended to read: 01 (c) Notwithstanding AS 08.18.022, added by sec. 7 of this Act, the 02 Department of Community and Economic Development shall issue a certificate of 03 registration to practice home inspection of new construction that is valid until 04 January 1, 2006, to an individual who submits to the department satisfactory evidence 05 of being in the business of home inspection in the state at the time of application for 06 registration under this subsection and of having passed the combination inspector 07 examination, [OR] the combination dwelling inspector examination, or the 08 residential combination examination given by the International Code Council. 09 * Sec. 11. The uncodified law of the State of Alaska enacted in sec. 44(f), ch. 134, SLA 10 2003, is amended to read: 11 (f) A [EXCEPT AS PROVIDED IN (e) OF THIS SECTION, A] certificate of 12 registration as a home inspector or associate home inspector issued under this section 13 is considered to be a certificate of registration as a home inspector or associate home 14 inspector issued under AS 08.18.022, added by sec. 7 of this Act. 15 * Sec. 12. The uncodified law of the State of Alaska as enacted in sec. 44, ch. 134, SLA 16 2003, is amended by adding new subsections to read: 17 (h) Notwithstanding provisions of this section that provide that a certificate 18 issued under this section is valid until January 1, 2006, a certificate issued under this 19 section is not valid for more than two years from the date of issuance unless the 20 certificate holder has provided evidence to the Department of Community and 21 Economic Development that the certificate holder has completed continuing education 22 requirements established by the department. The department may require a person 23 who must show completion of continuing education under this subsection to meet the 24 same continuing education requirements that would be applicable to license renewal 25 under AS 08.18.031(c). 26 (i) The fee for a license issued under this section is $200. The department 27 shall adopt regulations for the collection of this fee. 28 * Sec. 13. Sections 41, 42, 44(e), and 47, ch. 134, SLA 2003, are repealed. 29 * Sec. 14. This Act takes effect immediately under AS 01.10.070(c).