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2018 SESSION
SB 758 Real estate licenses; required to obtain a business entity license.
Introduced by: Glen H. Sturtevant, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (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 HB 862.
FULL TEXT
- 01/10/18 Senate: Prefiled and ordered printed; offered 01/10/18 18104634D pdf | impact statement
- 01/29/18 Senate: Committee substitute printed 18106215D-S1 pdf | impact statement
- 02/15/18 House: Committee substitute printed 18107170D-H1 pdf | impact statement
- 02/26/18 Senate: Bill text as passed Senate and House (SB758ER) pdf | impact statement
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0224) pdf
HISTORY
- 01/10/18 Senate: Prefiled and ordered printed; offered 01/10/18 18104634D
- 01/10/18 Senate: Referred to Committee on General Laws and Technology
- 01/29/18 Senate: Reported from General Laws and Technology with substitute (15-Y 0-N)
- 01/29/18 Senate: Committee substitute printed 18106215D-S1
- 01/31/18 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/01/18 Senate: Read second time
- 02/01/18 Senate: Reading of substitute waived
- 02/01/18 Senate: Committee substitute agreed to 18106215D-S1
- 02/01/18 Senate: Engrossed by Senate - committee substitute SB758S1
- 02/02/18 Senate: Read third time and passed Senate (38-Y 0-N)
- 02/08/18 House: Placed on Calendar
- 02/08/18 House: Read first time
- 02/08/18 House: Referred to Committee on General Laws
- 02/15/18 House: Reported from General Laws with substitute (22-Y 0-N)
- 02/15/18 House: Committee substitute printed 18107170D-H1
- 02/19/18 House: Read second time
- 02/20/18 House: Read third time
- 02/20/18 House: Committee substitute agreed to 18107170D-H1
- 02/20/18 House: Engrossed by House - committee substitute SB758H1
- 02/20/18 House: Passed House with substitute BLOCK VOTE (100-Y 0-N)
- 02/20/18 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/22/18 Senate: House substitute agreed to by Senate (40-Y 0-N)
- 02/22/18 Senate: Title replaced 18107170D-H1
- 02/26/18 Senate: Enrolled
- 02/26/18 Senate: Bill text as passed Senate and House (SB758ER)
- 02/26/18 House: Signed by Speaker
- 02/28/18 Senate: Signed by President
- 03/02/18 Senate: 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 224 (effective 1/1/19)
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0224)