Real Estate Board; requirements for licensure and practice of real estate. (HB1907)
Introduced By
Del. Jackson Miller (R-Manassas)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Real Estate Board; licensure and practice of real estate. Requires the Real Estate Board to approve a continuing education program of at least three hours on the changes in the law made by this bill as a prerequisite for renewal or reinstatement of a broker or salesperson license. The bill further limits the liability of real estate licensees in their real estate dealings. The bill (i) defines the terms for property management agreements and brokerage agreements, and sets out required provisions in such agreements; (ii) revises the dual representation provisions for real estate licensees and provides standard disclosure forms to be used in connection therewith; (iii) revises the designated dual representation provisions for real estate licensees and provides standard disclosure forms to be used in connection therewith; (iv) allows all required documents and records to be maintained by real estate licensees to be kept in electronic form; and (v) revises the required disclosures under the Virginia Residential Property Disclosure Act and requires certain disclosures to be made on the Virginia Real Estate Board's website. The bill contains technical amendments and contains a delayed effective date for certain provisions contained in the bill.
Outcome
History
| Date | Action |
|---|---|
| 01/11/2011 | Committee |
| 01/11/2011 | Prefiled and ordered printed; offered 01/12/11 11103861D |
| 01/11/2011 | Referred to Committee on General Laws |
| 01/17/2011 | Assigned GL sub: #1 Housing |
| 01/19/2011 | Impact statement from DPB (HB1907) |
| 01/26/2011 | Subcommittee recommends reporting with amendment(s) (7-Y 0-N) |
| 01/27/2011 | Reported from General Laws with substitute (22-Y 0-N) (see vote tally) |
| 01/27/2011 | Committee substitute printed 11104667D-H1 |
| 01/31/2011 | Read first time |
| 01/31/2011 | Impact statement from DPB (HB1907H1) |
| 02/01/2011 | Read second time |
| 02/01/2011 | Committee substitute agreed to 11104667D-H1 |
| 02/01/2011 | Engrossed by House - committee substitute HB1907H1 |
| 02/02/2011 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 02/02/2011 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
| 02/03/2011 | Constitutional reading dispensed |
| 02/03/2011 | Referred to Committee on General Laws and Technology |
| 02/09/2011 | Reported from General Laws and Technology (14-Y 0-N) (see vote tally) |
| 02/11/2011 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/14/2011 | Read third time |
| 02/14/2011 | Passed Senate (40-Y 0-N) (see vote tally) |
| 02/17/2011 | Enrolled |
| 02/17/2011 | Bill text as passed House and Senate (HB1907ER) |
| 02/17/2011 | Signed by Speaker |
| 02/20/2011 | Signed by President |
| 02/23/2011 | Impact statement from DPB (HB1907ER) |
| 03/24/2011 | G Approved by Governor-Chapter 461 (effective 7/1/11) |
| 03/24/2011 | G Approved by Governor-Chapter 461 (effective - see bill) |
| 03/24/2011 | G Approved by Governor-Chapter 461 (effective - see bill) |
| 03/24/2011 | G Acts of Assembly Chapter text (CHAP0461) |