Real estate brokers; definitions, prohibits certain locations from being used as places of business. (SB437)

Introduced By

Sen. David Suetterlein (R-Salem)

Progress

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

Description

Department of Professional and Occupational Regulation; real estate brokers; places of business. Defines "place of business" for real estate brokers. The bill requires every principal broker to have readily available to the public in his primary place of business the firm license, principal broker license, and the license of every salesperson and broker active with the firm and requires each branch office, defined in the bill, to have readily available to the public the branch office license and a roster of every salesperson or broker assigned to that branch office. Finally, the bill requires any nonresident real estate broker residing in a state that mandates resident real estate brokers of the Commonwealth to maintain a place of business in such mandating state to maintain a place of business in the Commonwealth. This bill is identical to HB 1237. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/09/2024Prefiled and ordered printed; offered 01/10/24 24104479D
01/09/2024Referred to Committee on General Laws and Technology
01/31/2024Impact statement from DPB (SB437)
01/31/2024Senate committee, floor amendments and substitutes offered
01/31/2024Reported from General Laws and Technology with substitute (15-Y 0-N) (see vote tally)
01/31/2024Committee substitute printed 24105412D-S1
02/02/2024Constitutional reading dispensed (38-Y 0-N) (see vote tally)
02/05/2024Impact statement from DPB (SB437S1)
02/05/2024Read second time
02/05/2024Reading of substitute waived
02/05/2024Committee substitute agreed to 24105412D-S1
02/05/2024Engrossed by Senate - committee substitute SB437S1
02/06/2024Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/13/2024Placed on Calendar
02/13/2024Read first time
02/13/2024Referred to Committee on General Laws
02/15/2024Committee substitute printed 24107780D-H1
02/15/2024Reported from General Laws with substitute (22-Y 0-N) (see vote tally)
02/15/2024Committee substitute printed h4410
02/19/2024Read second time
02/20/2024Read third time
02/20/2024Committee substitute agreed to 24107780D-H1
02/20/2024Engrossed by House - committee substitute SB437H1
02/20/2024Passed House with substitute BLOCK VOTE (98-Y 0-N)
02/20/2024VOTE: Block Vote Passage (98-Y 0-N) (see vote tally)
02/22/2024Passed by for the day
02/23/2024House substitute agreed to by Senate (39-Y 0-N) (see vote tally)
02/23/2024Title replaced 24107780D-H1
02/26/2024Impact statement from DPB (SB437H1)
02/28/2024Enrolled
02/28/2024Bill text as passed Senate and House (SB437ER)
02/28/2024Impact statement from DPB (SB437ER)
02/28/2024Signed by Speaker
03/02/2024Signed by President
03/11/2024Enrolled Bill Communicated to Governor on March 11, 2024
03/11/2024G Governor's Action Deadline 11:59 p.m., April 8, 2024
04/02/2024G Approved by Governor-Chapter 352 (effective 7/1/24)
04/02/2024G Acts of Assembly Chapter text (CHAP0352)

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