Real estate licenses; required to obtain a business entity license. (SB758)

Introduced By

Sen. Glen Sturtevant (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Professions and occupations; real estate licenses; real estate teams. Requires real estate teams as defined in the bill to obtain a business entity salesperson's license from the Real Estate Board (the Board). The bill requires a principal broker to obtain a branch office license from the Board for each place of business maintained by such principal broker within the Commonwealth. The bill also expands the responsibilities of supervising brokers as defined in the bill and requires that as a condition of the renewal of a branch office license, the supervising broker shall provide to the Board the name and license number of each real estate licensee affiliated with the branch office at the time of the renewal. The bill has a delayed effective date of January 1, 2019. This bill is identical to HB 862. Read the Bill »


Bill Has Passed


01/10/2018Prefiled and ordered printed; offered 01/10/18 18104634D
01/10/2018Referred to Committee on General Laws and Technology
01/29/2018Impact statement from DPB (SB758)
01/29/2018Reported from General Laws and Technology with substitute (15-Y 0-N) (see vote tally)
01/29/2018Committee substitute printed 18106215D-S1
01/31/2018Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/01/2018Impact statement from DPB (SB758S1)
02/01/2018Read second time
02/01/2018Reading of substitute waived
02/01/2018Committee substitute agreed to 18106215D-S1
02/01/2018Engrossed by Senate - committee substitute SB758S1
02/02/2018Read third time and passed Senate (38-Y 0-N) (see vote tally)
02/08/2018Placed on Calendar
02/08/2018Read first time
02/08/2018Referred to Committee on General Laws
02/15/2018Reported from General Laws with substitute (22-Y 0-N) (see vote tally)
02/15/2018Committee substitute printed 18107170D-H1
02/19/2018Read second time
02/20/2018Read third time
02/20/2018Committee substitute agreed to 18107170D-H1
02/20/2018Engrossed by House - committee substitute SB758H1
02/20/2018Passed House with substitute BLOCK VOTE (100-Y 0-N)
02/20/2018VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/21/2018Impact statement from DPB (SB758H1)
02/22/2018House substitute agreed to by Senate (40-Y 0-N) (see vote tally)
02/22/2018Title replaced 18107170D-H1
02/26/2018Bill text as passed Senate and House (SB758ER)
02/26/2018Impact statement from DPB (SB758ER)
02/26/2018Signed by Speaker
02/28/2018Signed by President
03/02/2018Enrolled Bill Communicated to Governor on March 2, 2018
03/02/2018G Governor's Action Deadline Midnight, March 9, 2018
03/09/2018G Approved by Governor-Chapter 224 (effective 1/1/19)
03/09/2018G Acts of Assembly Chapter text (CHAP0224)