Sec. 24. 33 MRSA §172, first ¶, as enacted by PL 1999, c. 476, §1, is amended to read:

This subchapter applies to the transfer of any interest in residential real property, whether by sale, exchange, installment land contract, lease with an option to purchase or any other option to purchase, when the transaction is without the assistance of a person licensed to practice real estate brokerage. If a person licensed to practice real estate brokerage is involved in the transaction, the licensee is subject to the requirements of licensure in Title 32, chapter 114. The following transfers are exempt from this subchapter:

Sec. 25. 33 MRSA §173, sub-§2, as enacted by PL 1999, c. 476, §1, is repealed.

Sec. 26. 33 MRSA §173, sub-§2-A is enacted to read:

2-A.__Heating system or heating source.__Detailed information on the system or source used to supply heat to the property, including:

A.__The type of heating system or source;

B.__The age of the heating system or source;

C.__The name of the company that services the heating system or source;

D.__The date of the most recent service call on the heating system or source;

E.__The annual fuel consumption per heating system or source; and

F.__Any malfunctions per heating system or source within the past 2 years;

Sec. 27. Transition provisions; sales agent; associate broker; applications processed. A license application for real estate sales agent must be processed according to the laws in effect on the date the application is received by the Real Estate Commission. If an applicant has satisfactorily completed the requirements for licensure by July 1, 2006, the license application must be processed according to the laws in effect on