Real Estate Board; compensation to referring attorneys prohibited, exception. (HB2040)

Introduced By

Del. Sal Iaquinto (R-Virginia Beach)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Real Estate Board; compensation to referring attorneys prohibited; exception. Provides that an attorney-at-law referring a client to a licensee shall not receive any compensation from a listing firm or offered in the common source information company to cooperating brokers, unless the attorney is also licensed as a real estate broker or salesperson. The bill contains technical amendments. Amends § 54.1-2103 (“Exemptions from chapter.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History