AN ACT TO CLARIFY THAT OFFICERS AND EMPLOYEES OF A PERSON OR BUSINESS ENTITY WHO PERFORMS REAL ESTATE BROKER ACTS AS RELATED TO PROPERTY OWNED OR LEASED BY THE PERSON OR BUSINESS ENTITY ARE EXEMPT FROM THE REQUIREMENTS OF LICENSURE UNDER THE LAWS REGULATING REAL ESTATE BROKERS AND SALESPERSONS. Summarized in Daily Bulletin 4/4/11 and 6/8/11. Enacted June 23, 2011. Effective June 23, 2011.
CLARIFY EXCEPTION/REAL ESTATE BROKER LAWS.
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TO ALLOW AN EMPLOYEE OF A PERSON OR BUSINESS ENTITY WHO PERFORMS REAL ESTATE BROKER ACTS AS RELATED TO PROPERTY OWNED OR LEASED BY THE PERSON OR BUSINESS ENTITY TO BE EXEMPT FROM THE REQUIREMENTS OF LICENSURE UNDER THE LAWS REGULATING REAL ESTATE BROKERS AND SALESPERSONS.Intro. by Hunt.
Status: Ch. SL 2011-235 (Senate Action) (Jun 23 2011)
Bill History:
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Mon, 4 Apr 2011 Senate: Filed
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Tue, 5 Apr 2011 Senate: Passed 1st Reading
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Tue, 5 Apr 2011 Senate: Ref To Com On Commerce
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Wed, 8 Jun 2011 Senate: Reptd Fav Com Substitute
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Wed, 8 Jun 2011 Senate: Com Substitute Adopted
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Wed, 8 Jun 2011 Senate: Placed On Cal For 6/8/2011
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Wed, 8 Jun 2011 Senate: Passed 2nd & 3rd Reading
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Thu, 9 Jun 2011 House: Passed 1st Reading
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Thu, 9 Jun 2011 House: Ref To Com On Commerce and Job Development
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Wed, 15 Jun 2011 House: Reptd Fav
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Wed, 15 Jun 2011 House: Cal Pursuant Rule 36(b)
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Wed, 15 Jun 2011 House: Placed On Cal For 6/16/2011
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Thu, 16 Jun 2011 House: Passed 2nd & 3rd Reading
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Fri, 17 Jun 2011 Ratified
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Mon, 20 Jun 2011 Pres. To Gov. 6/20/2011
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Thu, 23 Jun 2011 Signed By Gov. 6/23/2011
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Thu, 23 Jun 2011 Ch. SL 2011-235
S 507/S.L. 2011-235
Bill Summaries:
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Summary date: Jun 30 2011 - View Summary
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Bill S 507 (2011-2012)Summary date: Jun 8 2011 - View Summary
Senate committee substitute makes the following changes to 1st edition. Amends GS 93A-2(c)(1) to clarify that exemption from real estate broker and salesperson licensure requirements under GS 93A-1 and GS 93A-2 extends to officers and employees of an exempt corporation, the general partners of an exempt partnership, and the managers of an exempt limited liability company when those individuals are engaged in acts or services for which the corporation, partnership, or company itself would be exempt. Makes conforming change to the title.
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Bill S 507 (2011-2012)Summary date: Apr 4 2011 - View Summary
Amends GS 93A-2(c)(1) to provide the exemption from the licensure requirements regulating real estate brokers and salespersons as the title indicates.
View: All Summaries for Bill