HB0226 • 2007

Real estate licensing.

AN ACT relating to real estate licensing; eliminating the requirement for brokers to live in the branch office community; repealing certain nonresident licensee requirements; and providing for an effective date.

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Representative Semlek
Last action: 2007-03-04
Official status: enrolled
Effective date: 7/1/2007

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2007-03-04 LSO
Assigned Chapter Number - 171
2007-03-04 Governor
Governor Signed HEA0092
2007-02-27 Senate
S President Signed HEA No. 0092
2007-02-27 House
H Speaker Signed HEA No. 92
2007-02-26 LSO
Assigned Number HEA0092
2007-02-26 Senate
S Passed 3rd Reading
2007-02-23 Senate
S Passed 2nd Reading
2007-02-22 Senate
S Passed CoW
2007-02-14 Senate
S Placed on General File
2007-02-14 Senate
S09 Recommended Do Pass
2007-02-07 Senate
S Introduced and Referred to S09
2007-02-06 Senate
S Received for Introduction
2007-02-06 House
H Passed 3rd Reading
2007-02-05 House
H Passed 2nd Reading
2007-02-02 House
H Passed CoW
2007-01-31 House
H Placed on General File
2007-01-31 House
H09 Recommended Do Pass
2007-01-19 House
H Introduced and Referred to H09
2007-01-17 House
H Received for Introduction
2007-01-16 LSO
Bill Number Assigned

Official Summary Text

2007 General Session Summary for HB0226

Bill No.:
HB0226
Drafter:

MRW

LSO No.:
07LSO-0381
Effective Date:

7/1/2007

Enrolled Act No.:
HEA0092

Chapter No.:
171

Prime Sponsor:
Representative
Semlek

Catch Title:
Real
estate licensing.

Subject:
Real estate
licensing.

Summary/Major Elements:

Under current law, each
branch office of a real estate brokerage must be under the direction and
supervision of a broker who resides in the community in which the branch office
is located. Further a nonresident licensee must obtain a resident license if he
desires to maintain a place of business in this state or work with a broker who
has a place of business in this state, unless there is reciprocity between the
broker's home state and Wyoming.

This bill:

o

Eliminates the residency
requirement for brokers to live in the branch office community.

o

Repeals the license
requirement of requiring a nonresident to maintain a place of business in Wyoming.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0226

ENROLLED ACT NO. 92, HOUSE OF REPRESENTATIVES

FIFTY-NINTH LEGISLATURE OF THE STATE OF WYOMING
2007 GENERAL SESSION

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 33
‑
28
‑
109(b) is amended to read:

33
‑
28
‑
109.

Broker to maintain fixed office; display of licenses; change of address; branch offices; restrictions on associate brokers and salesmen.

(b)

If a broker maintains more than one (1) place of business within the state a branch office license shall be issued to the broker for each branch office so maintained by him and the branch office license shall be displayed conspicuously in each branch office. Every branch office shall be under the direction and supervision of a licensed broker
.

who resides in the community in which the branch office is located.
A broker requesting a branch office license shall also, in addition to the branch office application, submit a plan of supervision for the branch office.

Section 2.

W.S. 33
‑
28
‑
110(e) is repealed.

Section 3.

This act is effective July 1, 2007.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk