SENATE BILL REPORT

SB 5573

BYSenators McCaslin and DeJarnatt

Revising provisions for branch offices for real estate brokers.

Senate Committee on Economic Development & Labor

Senate Hearing Date(s):February 7, 1989

Senate Staff:Charles A. Woods (786-7452)

AS OF FEBRUARY 3, 1989

BACKGROUND:

Branch office licenses are required for any broker who conducts real estate sales activities on a particular subdivision or tract five or more days per week.  Such sales activities conducted and limited exclusively to one particular subdivision less than five days a week do not require a branch office license.

SUMMARY:

The five-day limit is eliminated so that all sales activities related strictly to one tract or subdivision do not require a branch office license.

Appropriation:    none

Revenue:    none

Fiscal Note:      requested February 1, 1989