AB 2224 California Assembly · 2021-2022 Regular Session

Real estate: transactions: iBuyers.

Summary

Existing law, the Real Estate Law, establishes the Department of Real Estate, with the Real Estate Commissioner as its chief officer, and sets forth the powers and duties of the commissioner relating to the licensure and regulation of real estate brokers and imposes various requirements on real estate transactions. This bill would require an iBuyer, defined by the bill as a specified online real estate company, to work with a local real estate broker, as defined, when selling real property in California. The bill would exempt from this requirement the initial sale of real property containing new construction.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2022

Committee Review

Jun 2022

Assembly Passage

May 2022

Senate Passage

Governor

Introduced Feb 15, 2022 Last action Jun 14, 2022

Floor votes · Assembly May 9, 2022

How they voted

50–11

Passed · 17 other

Total votes 78

May 9, 2022

D Democratic58

50 Yea 8

86% Yea

I Independent1

0% Nay

R Republican19

11 Nay 8

57% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 14, 2022

Upper · Passed

In committee: Set, first hearing. Hearing canceled at the request of author.

upper

May 18, 2022

Committee

Referred to Com. on B., P. & E.D.

upper

May 9, 2022

Lower · Passed

Read third time. Passed. Ordered to the Senate. (Ayes 50. Noes 11. Page 4605.)

lower

Apr 27, 2022

Lower · Passed

Read second time and amended. Ordered returned to second reading.

lower

Apr 26, 2022

Introduced

From committee: Amend, and do pass as amended. (Ayes 13. Noes 1.) (April 26).

lower

Mar 28, 2022

Committee

Re-referred to Com. on B. & P.

lower

Mar 24, 2022

Introduced

From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & P. Read second time and amended.

lower

Mar 24, 2022

Committee

Referred to Com. on B. & P.

lower

Feb 16, 2022

Lower · Passed

From printer. May be heard in committee March 18.

lower

1 primary · 0 co-sponsors