Real Estate Board; death or disability of a broker. (HB1973)

Introduced By

Sen. Scott Surovell (D-Mount Vernon)

Progress

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

Description

Real Estate Board; death or disability of a broker. Requires the Real Estate Board to grant approval to certain persons in a specific order of priority as may be designated by a broker in the event of his disability or death to conclude the business of the broker. Under current law, the Board may grant approval to the estate or an adult family member or employee of the licensed broker. The bill also requires the Real Estate Board to inform licensed brokers, in a manner deemed appropriate by the Board, of the broker's ability to designate an agent in the event of the broker's disability or death. Amends § 54.1-2105.1, § 54.1-2109, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2013Prefiled and ordered printed; offered 01/09/13 13100528D
01/09/2013Referred to Committee on General Laws
01/14/2013Assigned GL sub: #1 Housing
01/15/2013Impact statement from DPB (HB1973)
01/23/2013Subcommittee recommends laying on the table
02/05/2013Left in General Laws