Bill description: SB 1299 would repeal two occupational licenses and absorb a third into another existing license.
Does it increase barriers to entry into the market? Examples include occupational licensure, the minimum wage, and restrictions on home businesses. Conversely, does it remove barriers to entry into the market?
SB 1299 would remove the requirement to obtain an occupational license for certain occupations related to manufactured homes. One license this bill repeals is the manufactured home salesperson license, which is currently given to employees of businesses that sell either new or used manufactured homes and take on duties similar to those of a real estate agent.
This bill also repeals the license for responsible managing employees. This license is currently given to the supervising employee of businesses that sell either new or used manufactured homes.
And this bill repeals the resale broker license, which is currently given to businesses that sell used manufactured homes.
However, this bill alters the definition of a manufactured home retailer in such a way that the associated retailer license would encapsulate those previously licensed as resale brokers (one of the licenses repealed by this bill). So those two licenses are essentially being rolled into one.
SB 1299 also removes the requirement for both licensed manufactured home retailers (a remaining license under this bill) and resale brokers (repealed under this bill) to submit to fingerprinting as part of their application process.
Does it directly or indirectly create or increase any taxes, fees, or other assessments? Conversely, does it eliminate or reduce any taxes, fees, or other assessments?
Since this bill eliminates several licenses, it also eliminates their associated fees. One of the eliminated fees is the $50 fee for a salesperson's license.
The $50 fee for a responsible managing employee license is also eliminated.
The eliminated $500 resale broker fee is encapsulated in the $500 retailer license fee, so the fee for that occupation is unchanged. But the bonding requirement for resale brokers is greatly increased by rolling those currently licensed as resale brokers into the retailer license. Currently, resale brokers must hold a $30,000 bond. If this bill passes, they will have to become licensed retailers, which requires a $40,000 bond.
STAY CONNECTED with the latest news, research and opinions from the Gem State.