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Legislation


2012 Regular Session

SENATE BILL 538

File Code: Business Regulation and Occupations
Sponsored By:
Senator Zirkin
Entitled:
Real Estate Brokers - Contracts - Real Estate Reform Act of 2012

Synopsis:

Establishing that a presumed agency relationship between a real estate broker licensee and a buyer or lessee terminates if 3 months have passed since the licensee and the buyer or lessee entered into the relationship; establishing that the burden is on the licensee to establish that a presumed agency relationship has not terminated under specified provisions of law; requiring a brokerage agreement to contain a termination date no later than 90 days after the date on which the agreement was entered into; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/3
First Reading Judicial Proceedings
2/8
Hearing 3/8 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Agents and Brokers
Attorneys' Fees
Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Court Costs
Leases and Rent
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Real Estate -see also- Agents and Brokers
Salaries -see also- Overtime; Reimbursement Rates

Bill affects the following Statutes:

Business Occupations and Professions
( 17-533 , 17-534 )
Real Property
( 14-105 , 14-105.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
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