Bill Summary

Real Estate Board; duties of real estate licensees; residential real estate transactions. Authorizes the Real Estate Board to take a disciplinary case against a licensee under advisement, defer a finding in such case, and dismiss such action upon terms and conditions set by the Board. Among other things, the bill (i) authorizes the Real Estate Board to grant exemptions or waive or reduce the number of continuing education hours required in cases of certified illness or undue hardship; (ii) requires the supervising broker of a branch office to provide the name and license number of each real estate licensee working in the branch; (iii) prohibits a real estate licensee in a residential real estate transaction from acting as a nonstandard agent; (iv) provides that standard agency only applies in residential real estate transactions; (v) clarifies that the agency provisions apply unless they are modified by the brokerage agreement; (vi) provides that the law relating to real estate licensees retained by sellers, buyers, tenants, or landlords to lease property or to manage property only applies to residential real estate transactions; (vii) provides that notwithstanding any other provision of law requiring written brokerage agreements or governing the duties of licensees, nothing shall be construed to require that a written agreement between a licensee and a prospective buyer or tenant be executed prior to the licensee’s showing properties to the prospective buyer or tenant; (viii) deletes the disclosure of brokerage obligation in commercial transactions; and (ix) provides that commercial agents may only act as agents or independent contractors. The bill also provides that nothing creates a civil cause of action against a real estate licensee for false information. The bill contains technical amendments.

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Status

Became Law

Votes

Date Action Vote Document
2016-01-26House: Subcommittee recommends reporting with amendment(s) (7-Y 0-N)Yea: 8 No: 0 Other: 0Document
2016-01-28House: Reported from General Laws with substitute (21-Y 0-N)Yea: 22 No: 0 Other: 0Document
2016-02-03House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)Yea: 100 No: 0 Other: 0Document
2016-02-22Senate: Reported from General Laws and Technology (10-Y 0-N)Yea: 10 No: 0 Other: 0Document
2016-02-24Senate: Constitutional reading dispensed (39-Y 0-N)Yea: 39 No: 0 Other: 0Document
2016-02-25Senate: Passed Senate (40-Y 0-N)Yea: 40 No: 0 Other: 0Document

Amendments

no data available at this time.

Bill History

Date Action
2016-03-11Governor: Acts of Assembly Chapter text (CHAP0334)
2016-03-11Governor: Approved by Governor-Chapter 334 (effective 7/1/16)
2016-03-04Governor: Governor's Action Deadline Midnight, March 11, 2016
2016-03-04Enrolled Bill communicated to Governor on 3/4/16
2016-03-03Signed by President
2016-02-29Signed by Speaker
2016-02-29Bill text as passed House and Senate (HB567ER)
2016-02-29Enrolled
2016-02-25Passed Senate (40-Y 0-N)
2016-02-25Read third time
2016-02-24Constitutional reading dispensed (39-Y 0-N)
2016-02-22Reported from General Laws and Technology (10-Y 0-N)
2016-02-04Referred to Committee on General Laws and Technology
2016-02-04Constitutional reading dispensed
2016-02-03VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
2016-02-03Read third time and passed House BLOCK VOTE (97-Y 0-N)
2016-02-02Engrossed by House - committee substitute HB567H1
2016-02-02Committee substitute agreed to 16104502D-H1
2016-02-02Read second time
2016-02-01Read first time
2016-01-28Committee substitute printed 16104502D-H1
2016-01-28Reported from General Laws with substitute (21-Y 0-N)
2016-01-26Subcommittee recommends reporting with amendment(s) (7-Y 0-N)
2016-01-18Assigned GL sub: Subcommittee #1
2016-01-11Referred to Committee on General Laws
2016-01-11Prefiled and ordered printed; offered 01/13/16 16103925D

Sponsors

Name District
Jackson MillerHD-050
Monty MasonSD-001