2012 Regular Session


File Code: Business Regulation and Occupations
Sponsored By:
Senator Zirkin
Real Estate Brokers - Contracts - Real Estate Reform Act of 2012


Establishing that a presumed agency relationship between a real estate broker licensee and a buyer or lessee terminates if 3 months have passed since the licensee and the buyer or lessee entered into the relationship; establishing that the burden is on the licensee to establish that a presumed agency relationship has not terminated under specified provisions of law; requiring a brokerage agreement to contain a termination date no later than 90 days after the date on which the agreement was entered into; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
First Reading Judicial Proceedings
Hearing 3/8 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Agents and Brokers
Attorneys' Fees
Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Court Costs
Leases and Rent
Licenses -see also- Alcoholic Bev Lic; Drivers' Licenses
Real Estate -see also- Agents and Brokers
Salaries -see also- Overtime; Reimbursement Rates

Bill affects the following Statutes:

Business Occupations and Professions
( 17-533 , 17-534 )
Real Property
( 14-105 , 14-105.1 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered