Relating to acts for which WV Real Estate Commission may refuse, suspend, or revoke licenses

Replaced a prohibition on unlicensed team leads with a requirement that team leads must register annually with the commission and operate under the direct supervision of a licensed broker.

Added a new mandate requiring registered team leads to complete three hours of annual education specifically focused on team lead responsibilities.

Clarified that team leads cannot represent themselves as brokers unless they hold a valid broker or associate broker license.

Added a proviso allowing brokers to remit commissions to agents who have left the brokerage, provided the agent gave notice about moving to a different broker.

Modified subsection (16) to explicitly exclude the new commission-sharing exception for agents changing brokers.

Added new subsections (b) through (d) to define real estate teams, requiring a single supervising broker, annual registration for team leads, and specific training for team leads starting July 1, 2027.

Redesignated existing subsection headings to accommodate the new team-related provisions.