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AL SB100

Bill

Status

Engrossed

2/21/2017

Primary Sponsor

J.T. Waggoner

Click for details

Origin

Senate

Regular Session 2017

AI Summary

  • Adds Section 34-27-8.1 to the Alabama Code to clarify the Alabama Real Estate Commission's rulemaking authority regarding state and federal antitrust laws.

  • Authorizes the Commission to adopt rules that prioritize consumer protection in real estate transactions even if those rules are anti-competitive.

  • Immunizes the Alabama Real Estate Commission and its members from liability under state and federal antitrust laws for adopting consumer protection rules that may restrict competition.

  • Restricts Commission rules to supplementing or clarifying statutory definitions and prohibits rules that conflict with statutes defining activities requiring licensure.

  • Takes effect immediately upon passage and approval by the Governor, with protections limited to rights and duties existing prior to the North Carolina State Board of Dental Examiners v. FTC Supreme Court decision (2015).

Legislative Description

Real Estate Commission, rule making authority clarified, Sec. 34-27-8.1added

Real Estate Commission

Last Action

Pending third reading on day 9 Favorable from Boards, Agencies and Commissions

3/2/2017

Committee Referrals

Boards, Agencies and Commissions2/23/2017
Fiscal Responsibility and Economic Development2/7/2017

Full Bill Text

No bill text available