SB 437 Virginia Senate · 2024 Regular Session

Real estate brokers; definitions, prohibits certain locations from being used as places of business.

Summary
Department of Professional and Occupational Regulation; real estate brokers; places of business. Defines "place of business" for real estate brokers. The bill requires every principal broker to have readily available to the public in his primary place of business the firm license, principal broker license, and the license of every salesperson and broker active with the firm and requires each branch office, defined in the bill, to have readily available to the public the branch office license and a roster of every salesperson or broker assigned to that branch office. Finally, the bill requires any nonresident real estate broker residing in a state that mandates resident real estate brokers of the Commonwealth to maintain a place of business in such mandating state to maintain a place of business in the Commonwealth. This bill is identical to HB 1237.
Bill status signed all 5 stages cleared
Introduction
Jan 2024
Committee Review
Feb 2024
Senate Passage
Mar 2024
House of Delegates Passage
Feb 2024
Signed into Law
Apr 2024
Introduced Jan 9, 2024 Signed Apr 2, 2024
Floor votes · Senate Feb 6, 2024 · House of Delegates Feb 20, 2024

How they voted

39–0
Passed · 1 other
Total votes 40
Feb 6, 2024
D Democratic21
21 Yea
100% Yea
R Republican19
18 Yea 1
94% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
37
Key actions
11
Committee
5
Apr 2, 2024
Signed into law
Approved by Governor-Chapter 352 (effective 7/1/24)
executive
Mar 2, 2024
Upper · Passed
Signed by President
upper
Feb 28, 2024
Lower · Passed
Signed by Speaker
lower
Feb 28, 2024
Upper · Passed
Bill text as passed Senate and House (SB437ER)
upper
Feb 22, 2024
Upper · Passed
Passed by for the day
upper
Feb 20, 2024
Lower · Passed
VOTE: Block Vote Passage (98-Y 0-N)
lower
Feb 20, 2024
Lower · Passed
Passed House with substitute BLOCK VOTE (98-Y 0-N)
lower
Feb 15, 2024
Lower · Passed
Reported from General Laws with substitute (22-Y 0-N)
lower
Feb 13, 2024
Committee
Referred to Committee on General Laws
lower
Feb 6, 2024
Upper · Passed
Read third time and passed Senate (39-Y 0-N)
upper
Jan 31, 2024
Upper · Passed
Reported from General Laws and Technology with substitute (15-Y 0-N)
upper
Jan 31, 2024
Upper · Passed
Senate committee, floor amendments and substitutes offered
upper
Jan 9, 2024
Committee
Referred to Committee on General Laws and Technology
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of David Suetterlein
David Suetterlein
RRepublican
VA
4