VA SB510 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 27 2022 - 100% progression
Action: 2022-04-27 - Governor: Acts of Assembly Chapter text (CHAP0725)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 27 2022 - 100% progression
Action: 2022-04-27 - Governor: Acts of Assembly Chapter text (CHAP0725)
Text: Latest bill text (Chaptered) [HTML]
Summary
Department of Professional and Occupational Regulation; Real Estate Board; death or disability of a real estate broker. Requires a licensed real estate broker who is engaged in a sole proprietorship or is the only licensed broker in a business entity to designate, at the time of his application for broker licensure and at the time of his application for renewal of his license, another licensed broker to carry on the business for 180 days for the sole purpose of concluding the business of such designating broker in the event of the designating broker's death or disability. The bill also clarifies that in the event that the original designated licensed broker is unable or unwilling to perform the act of concluding a deceased or disabled broker's business, the Real Estate Board shall grant approval to conclude the affairs of the business to one of a list of individuals. Under current law, the Board must grant such approval to such individuals in a specific order of priority. Finally, the bill provides that in the event that no listed individual is available or suitable to conclude the business affairs of the deceased or disabled broker, the Board is required to appoint any other licensed broker, with such broker's written consent, within 30 days of receiving written notification of a broker's death or disability, to carry on the business of the deceased or disabled broker for the sole purpose of concluding the business within 180 days. The bill requires the Department of Professional and Occupational Regulation to amend the real estate broker license renewal application form to require applicants for real estate broker license renewal to state that there has been no change to the designated licensed broker. The bill has a delayed effective date of January 1, 2023. Department of Professional and Occupational Regulation; Real Estate Board; death or disability of a real estate broker. Requires a licensed real estate broker who is engaged in a sole proprietorship or is the only licensed broker in a business entity to designate, at the time of his application for broker licensure and at the time of his application for renewal of his license, another licensed broker to carry on the business for 180 days for the sole purpose of concluding the business of such designating broker in the event of the designating broker's death or disability. The bill also clarifies that in the event that the original designated licensed broker is unable or unwilling to perform the act of concluding a deceased or disabled broker's business, the Real Estate Board shall grant approval to conclude the affairs of the business to one of a list of individuals. Under current law, the Board must grant such approval to such individuals in a specific order of priority. Finally, the bill provides that in the event that no listed individual is available or suitable to conclude the business affairs of the deceased or disabled broker, the Board is required to appoint any other licensed broker, with such broker's written consent, within 30 days of receiving written notification of a broker's death or disability, to carry on the business of the deceased or disabled broker for the sole purpose of concluding the business within 180 days. The bill requires the Department of Professional and Occupational Regulation to amend the real estate broker license renewal application form to require applicants for real estate broker license renewal to state that there has been no change to the designated licensed broker. The bill has a delayed effective date of January 1, 2023.
Title
Real Estate Board; death or disability of a real estate broker.
Sponsors
Roll Calls
2022-04-27 - House - House: VOTE: Adoption (100-Y 0-N) (Y: 100 N: 0 NV: 0 Abs: 0) [PASS]
2022-04-27 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-04 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2022-03-01 - House - House: Reported from General Laws (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-24 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Read third time and passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2022-01-28 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2022-01-26 - Senate - Senate: Reported from General Laws and Technology with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2022-04-27 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-03-04 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2022-03-01 - House - House: Reported from General Laws (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-24 - House - House: Subcommittee recommends reporting (8-Y 0-N) (Y: 8 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-01 - Senate - Senate: Read third time and passed Senate (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2022-01-28 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 0 Abs: 1) [PASS]
2022-01-26 - Senate - Senate: Reported from General Laws and Technology with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-04-27 | Governor: Acts of Assembly Chapter text (CHAP0725) | |
| 2022-04-27 | House | Enacted, Chapter 725 (effective 1/1/23) |
| 2022-04-27 | House | Signed by Speaker as reenrolled |
| 2022-04-27 | Senate | Signed by President as reenrolled |
| 2022-04-27 | Senate | Reenrolled bill text (SB510ER2) |
| 2022-04-27 | Senate | Reenrolled |
| 2022-04-27 | Governor: Governor's recommendation adopted | |
| 2022-04-27 | House | VOTE: Adoption (100-Y 0-N) |
| 2022-04-27 | House | House concurred in Governor's recommendation BLOCK VOTE (100-Y 0-N) |
| 2022-04-27 | Senate | Senate concurred in Governor's recommendation (40-Y 0-N) |
| 2022-04-11 | Senate | Governor's recommendation received by Senate |
| 2022-03-22 | Governor: Governor's Action Deadline 11:59 p.m., April 11, 2022 | |
| 2022-03-22 | Senate | Enrolled Bill Communicated to Governor on March 22, 2022 |
| 2022-03-10 | Senate | Signed by President |
| 2022-03-09 | House | Signed by Speaker |
| 2022-03-09 | Senate | Bill text as passed Senate and House (SB510ER) |
| 2022-03-09 | Senate | Enrolled |
| 2022-03-04 | House | VOTE: Block Vote Passage (99-Y 0-N) |
| 2022-03-04 | House | Passed House BLOCK VOTE (99-Y 0-N) |
| 2022-03-03 | House | Read second time |
| 2022-03-01 | House | Reported from General Laws (22-Y 0-N) |
| 2022-02-24 | House | Subcommittee recommends reporting (8-Y 0-N) |
| 2022-02-23 | House | Assigned GL sub: Subcommittee #1 |
| 2022-02-22 | House | Referred to Committee on General Laws |
| 2022-02-22 | House | Read first time |
| 2022-02-22 | House | Placed on Calendar |
| 2022-02-01 | Senate | Passed Senate (40-Y 0-N) |
| 2022-02-01 | Senate | Reconsideration of passage agreed to by Senate (40-Y 0-N) |
| 2022-02-01 | Senate | Read third time and passed Senate (39-Y 0-N) |
| 2022-01-31 | Senate | Engrossed by Senate - committee substitute SB510S1 |
| 2022-01-31 | Senate | Committee substitute agreed to 22104968D-S1 |
| 2022-01-31 | Senate | Reading of substitute waived |
| 2022-01-31 | Senate | Read second time |
| 2022-01-28 | Senate | Constitutional reading dispensed (39-Y 0-N) |
| 2022-01-26 | Senate | Committee substitute printed 22104968D-S1 |
| 2022-01-26 | Senate | Reported from General Laws and Technology with substitute (15-Y 0-N) |
| 2022-01-12 | Senate | Referred to Committee on General Laws and Technology |
| 2022-01-12 | Senate | Prefiled and ordered printed; offered 01/12/22 22101836D |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 54 | 1 | 2105.1 | (n/a) | See Bill Text |
| 54 | 1 | 2109 | (n/a) | See Bill Text |
