Real Estate Board; death or disability of a broker. (HB251)

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 death or disability. Amends § 54.1-2105.1, § 54.1-2109, of the Code of Virginia.

Outcome

Bill Has Passed

History

DateAction
12/29/2013Committee
12/29/2013Prefiled and ordered printed; offered 01/08/14 14102964D
12/29/2013Referred to Committee on General Laws
01/10/2014Impact statement from DPB (HB251)
01/10/2014Assigned GL sub: Subcommittee #1
01/28/2014Reported from General Laws (21-Y 0-N) (see vote tally)
01/30/2014Read first time
01/31/2014Read second time and engrossed
02/03/2014Read third time and passed House (97-Y 0-N)
02/03/2014VOTE: PASSAGE (97-Y 0-N) (see vote tally)
02/04/2014Constitutional reading dispensed
02/04/2014Referred to Committee on General Laws and Technology
02/10/2014Reported from General Laws and Technology (15-Y 0-N)
02/11/2014Constitutional reading dispensed (40-Y 0-N)
02/12/2014Read third time
02/12/2014Passed Senate (39-Y 0-N)
02/17/2014Enrolled
02/17/2014Bill text as passed House and Senate (HB251ER)
02/17/2014Signed by Speaker
02/18/2014Impact statement from DPB (HB251ER)
02/19/2014Signed by President
02/27/2014G Approved by Governor-Chapter 24 (effective 7/1/14)
02/27/2014G Acts of Assembly Chapter text (CHAP0024)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.