CHAPTER NUMBER: 471
File Code: Business Occupations & Regulation
- Sponsored By:
-
Delegates Jacobs, Preis, Bonsack, DeCarlo, Fry, Harkins, Holt, and
Weir
- Entitled:
-
Real Estate Brokers - Limitation on Interest in Business by Associate
Real Estate Brokers and Real Estate Salespersons
Allowing an associate real estate broker or a real estate salesperson
or any combination of associate brokers or salespersons to own 50% of
a business that provides real estate brokerage services; and providing
an exception to the general rule that an interest of a licensee in a
business that provides real estate brokerage services shall include
any interest in the business held by an immediate family member of the
licensee.
House Action
- 2/1
- First Reading Economic Matters
- 2/14
- Hearing 2/29 at 1:00 p.m.
- 3/20
- Favorable with Amendments Report by Economic Matters
- Favorable with Amendments Report Adopted
- Floor Amendment (Del. Barve) Adopted
- Second Reading Passed with Amendments
- 3/22
- Third Reading Passed (133-1)
- 4/3
- Returned Passed
- 5/14
- Signed by the Governor Chapter 471
Senate Action
- 3/25
- First Reading Economic and Environmental Affairs
- 3/27
- Hearing 4/4 at 1:00 p.m.
- 4/5
- Favorable Report by Economic and Environmental Affairs
- 4/3
- Favorable Report Adopted
- Second Reading Passed
- 4/4
- Third Reading Passed (47-0)
- Sponsored by:
- Delegate Nancy Jacobs, District 34
- Delegate Rose Mary Hatem Bonsack, District 34
- Delegate Diane DeCarlo, District 6
- Delegate Donald C. Fry, District 35A
- Delegate James M. Harkins, District 35A
- Delegate Kenneth Holt, District 6
- Delegate Mary Louise Preis, District 34
- Delegate Michael H. Weir, District 6
- Bill indexed under the following Subjects:
- AGENTS AND BROKERS
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- REAL ESTATE -see also- AGENTS AND BROKERS
- Bill affects the following Statute:
- Business Occupations and Professions
- (
17-511
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- House
- Number: 252481/1 (PDF) Offered on: MARCH 20, 1996 at: 16:39
Status: Adopted
- Number: 393152/2 (PDF) Offered on: MARCH 20, 1996 at: 16:37
Status: Adopted