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HB321

Real estate brokers & salespersons; cease & desist orders for unlicensed activity.

Status:
Killed

Chief Patron:
Jeff Bourne (D)

Session:
2018 Regular Session

Summary

As Introduced. Professions and occupations; real estate brokers and salespersons; cease and desist orders for unlicensed activity; civil penalty.

Expands the enforcement options of the Real Estate Board (Board) by giving the Board direct authority to institute proceedings in equity to enjoin any person, partnership, corporation, or any other entity from engaging in unlicensed activity and certain other specifically enumerated unlawful acts. The bill provides that the Board may recover a civil penalty from such person, partnership, corporation, or any other entity of at least $200 but not more than $25,000 per violation, with each unlawful act constituting a separate violation. Current law provides that the Board may impose a civil penalty against any person engaging in unlicensed activity not to exceed $1,000 for any real estate transaction or the compensation received from any such real estate transaction, whichever is higher. (Less)

  • Bill History

  • 01/04/2018 - House: Prefiled and ordered printed; offered 01/10/18 18102077D
  • 01/04/2018 - House: Referred to Committee on General Laws
  • 01/17/2018 - House: Assigned GL sub: Subcommittee #2
  • 01/18/2018 - House: Subcommittee recommends striking from docket (8-Y 0-N)
  • 02/13/2018 - House: Left in General Laws

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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