MD SB425 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on May 29 2022 - 100% progression
Action: 2022-05-29 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 650
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on May 29 2022 - 100% progression
Action: 2022-05-29 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 650
Text: Latest bill text (Chaptered) [PDF]
Summary
Authorizing a licensed title insurance producer to pay compensation for the provision of real estate brokerage services to associate real estate brokers, real estate salespersons, or certain business entities on behalf of a real estate broker in accordance with written disbursement authorization provided by the real estate broker.
Title
Real Estate Associate Brokers and Salespersons - Compensation - Payment From Title Insurance Producer
Sponsors
Roll Calls
2022-04-08 - House - Third Reading Passed (Y: 133 N: 1 NV: 2 Abs: 5) [PASS]
2022-03-08 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2022-03-08 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-05-29 | Senate | Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 650 |
| 2022-04-08 | Senate | Returned Passed |
| 2022-04-08 | House | Third Reading Passed (133-1) |
| 2022-04-07 | House | Favorable Adopted Second Reading Passed |
| 2022-04-07 | House | Favorable Report by Economic Matters |
| 2022-03-09 | House | Referred Economic Matters |
| 2022-03-08 | Senate | Third Reading Passed (46-0) |
| 2022-03-03 | Senate | Second Reading Passed |
| 2022-03-03 | Senate | Favorable Adopted |
| 2022-03-03 | Senate | Favorable Report by Education, Health, and Environmental Affairs |
| 2022-02-03 | Senate | Hearing 2/17 at 1:00 p.m. |
| 2022-01-28 | Senate | Reassigned to Education, Health, and Environmental Affairs |
| 2022-01-26 | Senate | First Reading Finance |
Same As/Similar To
HB568 (Crossfiled) 2022-05-29 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 649
Subjects
Agents and Brokers
Business Occupations and Professions
Insurance
Licenses
Real Estate
Settlement Procedures
Titles
Business Occupations and Professions
Insurance
Licenses
Real Estate
Settlement Procedures
Titles
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Business Occupations and Professions | 17 | 322 | (n/a) | See Bill Text |
| Business Occupations and Professions | 17 | 604 | (n/a) | See Bill Text |
