summary
Introduced
01/09/2024
01/09/2024
In Committee
02/15/2024
02/15/2024
Crossed Over
01/22/2024
01/22/2024
Passed
02/26/2024
02/26/2024
Dead
Signed/Enacted/Adopted
04/08/2024
04/08/2024
Introduced Session
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 removes the separate definition of "real estate salesperson" and instead includes them under the definition of "real estate broker". Additionally, the bill repeals the separate sections for "real estate salesperson" and "real estate broker's license" in the Code of Virginia.
Committee Categories
Justice
Sponsors (1)
Last Action
Governor: Acts of Assembly Chapter text (CHAP0621) (on 04/08/2024)
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://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB358 |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0621+hil |
| Fiscal Note/Analysis - Senate: Bill text as passed Senate and House (SB358ER) | https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB358FER122+PDF |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB358ER+hil |
| Fiscal Note/Analysis - Senate: Printed as engrossed 24104480D-E | https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB358FE122+PDF |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB358E+hil |
| Senate amendments | https://lis.virginia.gov/cgi-bin/legp604.exe?241+amd+SB358AS |
| Amendment(s) for SB358 for S-General Laws and Technology | https://committees.lis.virginia.gov/pdfs/drafts/24105548A.pdf |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB358+hil |
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