Bill Title: Real estate brokers and broker companies. Defines "broker company" as a partnership, limited liability company, corporation, or individual acting as a sole proprietorship that is licensed as a broker and, for consideration, undertakes or offers to undertake certain activities with respect to real estate. Provides that an individual, to obtain a broker license, must associate with a broker company (instead of with a managing broker). Provides that a partnership, a limited liability company, or a corporation, to obtain a broker license, must include a licensed broker who qualifies as a managing broker. Defines "managing broker" as an individual who is

Sponsorship: Bipartisan Bill

Status: (Passed) 2015-05-04 - Public Law 116 [SB0408 Detail]

Text: Latest bill text (Enrolled) [PDF]

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