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2014 SESSION

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HB 251 Real Estate Board; death or disability of a broker.

Introduced by: Scott A. Surovell | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Real Estate Board; death or disability of a broker. Requires the Real Estate Board to grant approval to certain persons in a specific order of priority as may be designated by a broker in the event of his disability or death to conclude the business of the broker. Under current law, the Board may grant approval to the estate or an adult family member or employee of the licensed broker. The bill also requires the Real Estate Board to inform licensed brokers, in a manner deemed appropriate by the Board, of the broker's ability to designate an agent in the event of the broker's death or disability. This bill is a recommendation of the Virginia Housing Commission. The bill is identical to SB 438.


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