SENATE BILL REPORT

SB 5574

BYSenators McCaslin and DeJarnatt

Revising license requirements for real estate transactions.

Senate Committee on Economic Development & Labor

Senate Hearing Date(s):February 7, 1989

Senate Staff:Charles Woods (786-7452)

AS OF FEBRUARY 3, 1989

BACKGROUND:

Certain persons are excluded from the requirements of the real estate licensing laws.  It is reported that certain people abuse the exemption created for attorneys by having clients grant them power of attorney to deal with real estate.

SUMMARY:

The exemption from real estate licensing laws for lawyers only applies to attorneys at law acting without compensation, as well as those acting in the performance of their duties.

Appropriation:    none

Revenue:    none

Fiscal Note:      none requested