Real estate.

The Real Estate Law provides for the regulation and licensure of real estate brokers and salespersons by the Real Estate Commissioner. That law requires the commissioner to ascertain by written examination that the applicant for a license has specific knowledge and understanding relating to real estate and business opportunity practices. That law authorizes an applicant who fails the qualifying examination, upon application and payment of a fee, to apply for reexamination within 2 years of filing the first application for examination. This bill would change references to reexamination to refer, instead, to the retaking of a qualifying examination. The bill would authorize an applicant who fails his or her 2nd qualifying examination for the same license, after 120 days from the notification date of failure, to retake that qualifying examination upon application and payment of the required examination fees.