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2009 SESSION

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HB 2040 Real Estate Board; compensation to referring attorneys prohibited, exception.

Introduced by: Sal R. Iaquinto | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Real Estate Board; compensation to referring attorneys prohibited; exception.  Provides that an attorney-at-law referring a client to a licensee shall not receive any compensation from a listing firm or offered in the common source information company to cooperating brokers, unless the attorney is also licensed as a real estate broker or salesperson.

SUMMARY AS INTRODUCED:

Real Estate Board; compensation to referring attorneys prohibited; exception.  Provides that an attorney-at-law referring a client to a licensee shall not receive any compensation from a listing firm or offered in the common source information company to cooperating brokers, unless the attorney is also licensed as a real estate broker or salesperson. The bill contains technical amendments.