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Bill > HB5070
WV HB5070
WV HB5070To permit and require real estate brokerage firms to pay realtors leaving the commission they are entitled on open contracts.
summary
Introduced
02/03/2026
02/03/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to require a broker to remit certain monies to a licensee who departs to work for another broker. Namely, the licensee would be entitled to any compensation deriving from his or her contracts that were pending at the time of the licensee’s departure from the former broker.
AI Summary
This bill amends West Virginia law to require real estate brokerage firms to pay commissions to realtors who leave their employ. Specifically, if a realtor notifies their current broker that they are moving their license to a different brokerage, and they have pending contracts that are expected to generate commissions, the original broker must pay the realtor their due compensation from those contracts once the commission is received by the original broker, even after the realtor has switched firms. This provision ensures that realtors receive compensation for deals they initiated before changing their affiliation.
Committee Categories
Government Affairs
Sponsors (5)
Last Action
To House Government Adminstration (on 02/06/2026)
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