Bill Summary for S 507 (2011-2012)

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Bill: CLARIFY EXCEPTION/REAL ESTATE BROKER LAWS.

Summary date: 

Apr 4 2011
S.L. 2011-235

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 507 (Public) Filed Monday, April 4, 2011
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.

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Bill 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.