Real estate brokers; exempt license requirement in certain circumstances. (SB1031)
Introduced By
Sen. Emmett Hanger (R-Mount Solon)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Department of Professional and Occupational Regulation; Real Estate Board; commercial real estate brokers. Exempts from the license requirement any person who is licensed and in good standing as a real estate broker or salesperson in another jurisdiction, who assists a prospective purchaser, tenant, optionee, or licensee located in another jurisdiction to purchase, lease, option, or license an interest in commercial real estate, as defined and amended in 55-526, in the Commonwealth. The bill also authorizes such real estate licensee from another jurisdiction to be compensated by a real estate broker in the Commonwealth. Amends § 54.1-2103 (“Exemptions from chapter.”), § 55-526 (“Definitions.”), of the Code of Virginia. View Full Text »
