Virginia 2018 Regular Session Status: Enacted

SB 758 — Real estate teams; required to obtain a business entity license.

Last action — Governor's Action Deadline Midnight, March 9, 2018

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House of Delegates
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 10, 2018. Enacted.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 6 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Requires real estate teams as defined in the bill to obtain a business entity salesperson's license from the Real Estate Board (the Board). The bill requires a principal broker to obtain a branch office license from the Board for each place of business maintained by such principal broker within the Commonwealth. The bill also expands the responsibilities of supervising brokers as defined in the bill and requires that as a condition of the renewal of a branch office license, the supervising broker shall provide to the Board the name and license number of each real estate licensee affiliated with the branch office at the time of the renewal. The bill has a delayed effective date of January 1, 2019. This bill is identical to

Bill Text

What changed in the latest version

13 added · 16 removed

Plain-language change summary

The amendments to Bill SB 758 clarify the definition of a "real estate broker" by slightly adjusting the language, making it more inclusive of different types of business entities. It retains the essential functions of a broker but emphasizes that the definition applies to individuals as well as various business forms such as partnerships and corporations. These changes matter because they help ensure that the law accurately reflects the current structure of the real estate industry, which has evolved to include many different types of business arrangements. This clarity can help both professionals in the industry and consumers understand who is qualified to operate as a real estate broker in Virginia.

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Latest
SESSION history | hilite | pdf | print version 18107170D SENATE BILL NO.
SESSION history | hilite | pdf | print version VIRGINIA ACTS OF ASSEMBLY -- CHAPTER An Act to amend and reenact §§ 54.1-2100, 54.1-2101, 54.1-2106.1, and 54.1-2110.1 of the Code of Virginia, relating to professions and occupations;
758 AMENDMENT IN THE NATURE OF A SUBSTITUTE (Proposed by the House Committee on General Laws on February 15, 2018) (Patron Prior to Substitute--Senator Sturtevant) A BILL to amend and reenact §§ 54.1-2100, 54.1-2101, 54.1-2106.1, and 54.1-2110.1 of the Code of Virginia, relating to professions and occupations;
Be it enacted by the General Assembly of Virginia:
[S 758] Approved   Be it enacted by the General Assembly of Virginia:
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View plain text versions (4)

Action History

  1. Governor's Action Deadline Midnight, March 9, 2018

  2. Enrolled Bill Communicated to Governor on March 2, 2018

  3. Signed by President

  4. Signed by Speaker

  5. Enrolled

  6. Title replaced 18107170D-H1

  7. Passed House with substitute BLOCK VOTE (100-Y 0-N)

  8. Engrossed by House - committee substitute SB758H1

  9. Committee substitute agreed to 18107170D-H1

  10. Read third time

  11. Read second time

  12. Referred to Committee on General Laws

  13. Read first time

  14. Placed on Calendar

  15. Engrossed by Senate - committee substitute SB758S1

  16. Committee substitute agreed to 18106215D-S1

  17. Reading of substitute waived

  18. Read second time

  19. Referred to Committee on General Laws and Technology

  20. Prefiled and ordered printed; offered 01/10/18 18104634D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passed House with substitute BLOCK VOTE

Passed 100 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 100000
Total 100000
% of votes cast 100%0%0%0%
How each member voted (100)
Member Party Vote
Byron — Yea
Carter — Yea
Collins — Yea
Filler-Corn — Yea
Freitas — Yea
Gooditis — Yea
Habeeb — Yea
Hugo — Yea
Hurst — Yea
Kory — Yea
LaRock — Yea
Landes — Yea
Lindsey — Yea
Orrock — Yea
Pogge — Yea
Poindexter — Yea
Rodman — Yea
Rush — Yea
Toscano — Yea
Tyler — Yea
Marshall — Yea
Mr. Speaker — Yea
Bell, John J. — Yea
Bell, Richard P. — Yea
Bell, Robert B. — Yea
Jones, J.C. — Yea
Jones, S.C. — Yea
Ayala — Yea
Bourne — Yea
Bulova — Yea
Campbell — Yea
Cline — Yea
Cole — Yea
Edmunds — Yea
Fariss — Yea
Gilbert — Yea
Helsel — Yea
Heretick — Yea
Ingram — Yea
James — Yea
Keam — Yea
Levine — Yea
Miyares — Yea
Mullin — Yea
Murphy — Yea
Peace — Yea
Plum — Yea
Ransone — Yea
Robinson — Yea
Stolle — Yea
Turpin — Yea
Yancey — Yea
Alfonso H. Lopez — Yea
Barry D. Knight — Yea
Betsy B. Carr — Yea
C.E. Cliff Hayes, Jr. — Yea
Charniele L. Herring — Yea
Christopher T. Head — Yea
Danica A. Roem — Yea
David A. Reid — Yea
Delores L. McQuinn — Yea
Elizabeth R. Guzman — Yea
Emily M. Jordan — Yea
Garrett McGuire — Yea
Hyland F. "Buddy" Fowler, Jr. — Yea
Israel D. O'Quinn — Yea
James A. "Jay" Leftwich — Yea
James W. Morefield — Yea
Jeion A. Ward — Yea
Jennifer B. Boysko — Yea
Jennifer D. Carroll Foy — Yea
Joshua E. Thomas — Yea
Karrie K. Delaney — Yea
Kathy K.L. Tran — Yea
Kelly K. Convirs-Fowler — Yea
Kimberly Pope Adams — Yea
Kimberly Pope Adams — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Luke E. Torian — Yea
M. Keith Hodges — Yea
Marcia S. "Cia" Price — Yea
Marcus B. Simon — Yea
Mark D. Sickles — Yea
Michael J. Webert — Yea
Patrick A. Hope — Yea
Paul E. Krizek — Yea
R. Lee Ware — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Robert S. Bloxom, Jr. — Yea
Sam Rasoul — Yea
Schuyler T. VanValkenburg — Yea
Terry G. Kilgore — Yea
Terry L. Austin — Yea
Thomas A. Garrett, Jr. — Yea
Thomas C. Wright, Jr. — Yea
Todd E. Pillion — Yea
Tony O. Wilt — Yea
Vivian E. Watts — Yea
Will Davis — Yea

Official roll call →

Subjects

housing labor
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Frequently asked questions

What does SB 758 do?
Requires real estate teams as defined in the bill to obtain a business entity salesperson's license from the Real Estate Board (the Board). The bill requires a principal broker to obtain a branch office license from the Board for each place of business maintained by such principal broker within the Commonwealth. The bill also expands the responsibilities of supervising brokers as defined in the bill and requires that as a condition of the renewal of a branch office license, the supervising broker shall provide to the Board the name and license number of each real estate licensee affiliated with the branch office at the time of the renewal. The bill has a delayed effective date of January 1, 2019. This bill is identical to
Who sponsors SB 758?
SB 758 is sponsored by Glen H. Sturtevant, Jr..
What is the current status of SB 758?
This bill has been enacted into law. Introduced January 10, 2018. Enacted.
Where can I track SB 758?
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Last checked for changes 3 months ago · updated continuously

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