SENATE BILL 256

Sponsored By:

Senator Garagiola

Entitled:

Real Estate Brokers - Limited Liability Companies - Payment of Commission

Synopsis:

Authorizing specified licensed real estate salespersons and associate brokers, with the consent of a licensed real estate broker, to form a specified limited liability company; providing for the formation of a limited liability company; providing that a commission may be paid to the limited liability company under specified circumstances; etc.

History by Legislative Date

Senate Action

1/27

First Reading Education Health and Environmental Affairs

Hearing 2/8 at 1:30 p.m.

2/17

Favorable with Amendments Report by Education Health and Environmental Affairs

2/18

Favorable with Amendments

Laid Over (Senator Della) Adopted

2/21

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

2/24

Third Reading Passed (44-0)

4/7

Returned Passed

House Action

2/24

First Reading Economic Matters

3/10

Hearing 3/21 at 2:00 p.m.

4/7

Favorable Report by Economic Matters

4/2

Favorable Report Adopted

Second Reading Passed

4/4

Third Reading Passed (133-0)

Action after passage in Senate and House

5/26

Governor vetoed - Cross-filed bill was signed

Bill indexed under the following Subjects:

AGENTS AND BROKERS

LIMITED LIABILITY COMPANIES

REAL ESTATE -see also- AGENTS AND BROKERS

SALARIES -see also- OVERTIME

Bill affects the following Statutes:

Business Occupations and Professions

( 17-512 , 17-604 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):

Senate

Number: 484033/01 (PDF)     Offered on: February 21, 2005   at: 8:24 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

February 24, 2005: Third Reading Passed (44-0)

House

April 4, 2005: Third Reading Passed (133-0)