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2018 SESSION
HB 862 Real estate licenses; required to obtain a business entity license.
Introduced by: Christopher K. Peace | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Professions and occupations; real estate licenses; real estate teams. Requires real estate teams as defined in the bill to obtain a business entity salesperson's license from the Real Estate Board (the Board). The bill requires a principal broker to obtain a branch office license from the Board for each place of business maintained by such principal broker within the Commonwealth. The bill also expands the responsibilities of supervising brokers as defined in the bill and requires that as a condition of the renewal of a branch office license, the supervising broker shall provide to the Board the name and license number of each real estate licensee affiliated with the branch office at the time of the renewal. The bill has a delayed effective date of January 1, 2019. This bill is identical to SB 758.
FULL TEXT
- 01/09/18 House: Prefiled and ordered printed; offered 01/10/18 18104635D pdf | impact statement
- 02/06/18 House: Committee substitute printed 18106546D-H1 pdf | impact statement
- 02/26/18 House: Bill text as passed House and Senate (HB862ER) pdf | impact statement
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0223) pdf
AMENDMENTS
HISTORY
- 01/09/18 House: Prefiled and ordered printed; offered 01/10/18 18104635D
- 01/09/18 House: Referred to Committee on General Laws
- 01/19/18 House: Assigned GL sub: Subcommittee #2
- 02/01/18 House: Subcommittee recommends reporting with substitute (6-Y 0-N)
- 02/06/18 House: Reported from General Laws with substitute (22-Y 0-N)
- 02/06/18 House: Committee substitute printed 18106546D-H1
- 02/08/18 House: Read first time
- 02/09/18 House: Read second time
- 02/09/18 House: Committee substitute agreed to 18106546D-H1
- 02/09/18 House: Engrossed by House - committee substitute HB862H1
- 02/12/18 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 02/12/18 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/13/18 Senate: Constitutional reading dispensed
- 02/13/18 Senate: Referred to Committee on General Laws and Technology
- 02/19/18 Senate: Reported from General Laws and Technology (13-Y 0-N)
- 02/21/18 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/22/18 Senate: Read third time
- 02/22/18 Senate: Passed Senate (40-Y 0-N)
- 02/26/18 House: Enrolled
- 02/26/18 House: Bill text as passed House and Senate (HB862ER)
- 02/26/18 House: Signed by Speaker
- 02/28/18 Senate: Signed by President
- 03/02/18 House: Enrolled Bill communicated to Governor on March 2, 2018
- 03/02/18 Governor: Governor's Action Deadline Midnight, March 9, 2018
- 03/09/18 Governor: Approved by Governor-Chapter 223 (effective 1/1/19)
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0223)