Bill
Bill > H0476
ID H0476
ID H0476Amends existing law to clarify provisions regarding the availability of real estate brokers and to remove provisions regarding broker and branch manager absences.
summary
Introduced
02/10/2020
02/10/2020
In Committee
03/03/2020
03/03/2020
Crossed Over
02/21/2020
02/21/2020
Passed
Dead
Signed/Enacted/Adopted
03/12/2020
03/12/2020
Introduced Session
2020 Regular Session
Bill Summary
REAL ESTATE BROKERS -- Amends existing law to clarify provisions regarding the availability of real estate brokers and to remove provisions regarding broker and branch manager absences.
AI Summary
This bill amends existing law to clarify provisions regarding the availability of real estate brokers and to remove provisions regarding broker and branch manager absences. Specifically, the bill removes requirements for brokers and branch managers to appoint a qualified individual to manage and supervise the brokerage company in their absence for more than 21 or 60 days. Instead, the bill requires the designated broker to maintain adequate, reasonable, and regular contact with sales associates to prevent or address any violations. The bill also makes changes related to the process for designating a new broker for a business entity.
Committee Categories
Business and Industry, Justice
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Business Committee (House)
Last Action
Reported Signed by Governor on March 11, 2020 Session Law Chapter 106 Effective: 07/01/2020 (on 03/12/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.idaho.gov/sessioninfo/2020/legislation/H0476/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2020/legislation/H0476.pdf |
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