Real Estate Brokers - Residential Real Estate Transactions - Transaction Brokers
Sponsor: Lily Qi (District 15)Committee: Economic MattersSubject: Business Occupations and ProfessionsStatus: Unfavorable Report by Economic Matters; Withdrawn (as of Sep 4, 2026)
What this bill does
Official synopsis
Authorizing a licensed real estate broker, a licensed associate real estate broker, or a licensed real estate salesperson to establish nonagency relationships to act as a real estate transaction broker in a residential real estate transaction under certain circumstances; establishing the duties of a transaction broker in a transaction brokerage; requiring the State Real Estate Commission to develop a certain standard consent form for a transaction brokerage; etc.
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Testimony (0)
MGA witness listNo witness list on file because no hearing has been scheduled.