SB437
Real estate brokers; definitions, prohibits certain locations from being used as places of business.
Summary
As Passed Both Chambers. Department of Professional and Occupational Regulation; real estate brokers; places of business.
Defines "place of business" for real estate brokers. The bill requires every principal broker to have readily available to the public in his primary place of business the firm license, principal broker license, and the license of every salesperson and broker active with the firm and requires each branch office, ... (More) defined in the bill, to have readily available to the public the branch office license and a roster of every salesperson or broker assigned to that branch office. Finally, the bill requires any nonresident real estate broker residing in a state that mandates resident real estate brokers of the Commonwealth to maintain a place of business in such mandating state to maintain a place of business in the Commonwealth. This bill is identical to HB 1237. (Less)-
Bill History
- 01/09/2024 - Senate: Prefiled and ordered printed; offered 01/10/24 24104479D
- 01/09/2024 - Senate: Referred to Committee on General Laws and Technology
- 01/31/2024 - Senate: Impact statement from DPB (SB437)
- 01/31/2024 - Senate: Senate committee, floor amendments and substitutes offered
- 01/31/2024 - Senate: Reported from General Laws and Technology with substitute (15-Y 0-N)
- 01/31/2024 - Senate: Committee substitute printed 24105412D-S1
- 02/02/2024 - Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/05/2024 - Senate: Impact statement from DPB (SB437S1)
- 02/05/2024 - Senate: Read second time
- 02/05/2024 - Senate: Reading of substitute waived
- 02/05/2024 - Senate: Committee substitute agreed to 24105412D-S1
- 02/05/2024 - Senate: Engrossed by Senate - committee substitute SB437S1
- 02/06/2024 - Senate: Read third time and passed Senate (39-Y 0-N)
- 02/13/2024 - House: Placed on Calendar
- 02/13/2024 - House: Read first time
- 02/13/2024 - House: Referred to Committee on General Laws
- 02/15/2024 - House: Reported from General Laws with substitute (22-Y 0-N)
- 02/15/2024 - House: Committee substitute printed h4410
- 02/19/2024 - House: Read second time
- 02/20/2024 - House: Read third time
- 02/20/2024 - House: Committee substitute agreed to 24107780D-H1
- 02/20/2024 - House: Engrossed by House - committee substitute SB437H1
- 02/20/2024 - House: Passed House with substitute BLOCK VOTE (98-Y 0-N)
- 02/20/2024 - House: VOTE: Block Vote Passage (98-Y 0-N)
- 02/22/2024 - Senate: Passed by for the day
- 02/23/2024 - Senate: House substitute agreed to by Senate (39-Y 0-N)
- 02/23/2024 - Senate: Title replaced 24107780D-H1
- 02/26/2024 - Senate: Impact statement from DPB (SB437H1)
- 02/28/2024 - Senate: Enrolled
- 02/28/2024 - Senate: Bill text as passed Senate and House (SB437ER)
- 02/28/2024 - Senate: Impact statement from DPB (SB437ER)
- 02/28/2024 - House: Signed by Speaker
- 03/02/2024 - Senate: Signed by President
- 03/11/2024 - Senate: Enrolled Bill Communicated to Governor on March 11, 2024
- 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/02/2024 - Governor: Approved by Governor-Chapter 352 (effective 7/1/24)
- 04/02/2024 - Governor: Acts of Assembly Chapter text (CHAP0352)
