HOUSE BILL 1049

Sponsored By:

Delegates Vaughn, Braveboy, Haddaway-Riccio, W. Miller, Minnick, and Schulz

Entitled:

Real Estate Brokers - Intracompany Agents

Synopsis:

Authorizing a designee of a real estate broker to designate two members of a team as intracompany agents for the seller and the buyer in the same transaction under specified circumstances; and prohibiting the broker's designee from being a member of the real estate team under specified circumstances.

History by Legislative and Calendar Date

House Action

2/11

First Reading Economic Matters

2/14

Hearing 3/15 at 1:00 p.m.

3/22

Favorable Report by Economic Matters

3/20

Favorable Report Adopted

Second Reading Passed

3/21

Third Reading Passed (137-0)

3/31

Returned Passed

Senate Action

3/24

First Reading Education Health and Environmental Affairs

3/28

Hearing 3/30 at 1:00 p.m.

4/1

Favorable Report by Education Health and Environmental Affairs

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (46-0)

Action after passage in House and Senate

4/12

Approved by the Governor

- Chapter 153

Sponsored by:

Delegate Michael L. Vaughn, District 24

Delegate Aisha N. Braveboy, District 25

Delegate Jeannie Haddaway-Riccio, District 37B

Delegate Warren E. Miller, District 9A

Delegate Joseph J. Minnick, District 6

Delegate Kelly Schulz, District 4A

Bill indexed under the following Subjects:

Agents and Brokers

Consumer Protection -see also- Unfair Trade Practices

Real Estate -see also- Agents and Brokers

Bill affects the following Statute:

Business Occupations and Professions

( 17-546 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Economic Matters

Senate

Education, Health, and Environmental Affairs

Roll Call Votes (Legislative dates are shown):

House

March 21, 2011: Third Reading Passed (137-0)

Senate

March 31, 2011: Third Reading Passed (46-0)