summary
Introduced
01/09/2024
01/09/2024
In Committee
02/14/2024
02/14/2024
Crossed Over
02/21/2024
02/21/2024
Passed
02/27/2024
02/27/2024
Dead
Signed/Enacted/Adopted
04/04/2024
04/04/2024
Introduced Session
Potential new amendment
2024 Regular Session
Bill Summary
Department of Professional and Occupational Regulation; definition of a real estate broker. Adds to the definition of "real estate broker" any individual or business entity who sells or offers to sell, buys or offers to buy, negotiates, or otherwise deals in real estate contracts, including assignable contracts, on two or more occasions in any 12-month period for compensation or valuable consideration.
AI Summary
This bill amends the definition of "real estate broker" to include any individual or business entity who sells, buys, negotiates, or otherwise deals in real estate contracts, including assignable contracts, on two or more occasions in any 12-month period for compensation or valuable consideration. The bill also repeals the separate definitions for "real estate salesperson" and related provisions. The changes aim to broaden the scope of activities that are considered real estate brokerage and require individuals or entities engaging in such activities to be licensed as real estate brokers.
Committee Categories
Business and Industry, Justice
Sponsors (1)
Last Action
Governor: Acts of Assembly Chapter text (CHAP0459) (on 04/04/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...