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AR HB1795

Bill

Status

Passed

3/31/2011

Primary Sponsor

Mike Patterson

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Origin

House of Representatives

88th General Assembly (2011 Regular)

AI Summary

  • Amends Arkansas Code § 17-42-104(a) to clarify and modify exemptions from real estate licensing requirements under state law

  • Simplifies language for attorney-in-fact exemption by clarifying they cannot receive or have expectation of receiving fees, commissions, or other consideration directly or indirectly

  • Adds three new requirements for exemption of corporate officers, partners, and employees acting on real property: acts cannot be performed for special compensation, the entity's primary business must not be real estate related, and services cannot be provided to more than one entity or affiliated entity

  • Changes grammatical structure throughout from "Any person" to "A person" for consistency and updates references to "this chapter does not apply to:" instead of "The provisions of this chapter shall"

  • Modifies employee exemption for salaried/hourly workers in leasing activities to use gerunds (e.g., "Delivering" instead of "Delivery of") for grammatical consistency

Legislative Description

To Regulate Exemptions Of The Real Estate Licensing Law.

Last Action

House Notification that HB1795 is now Act 883

3/31/2011

Committee Referrals

Insurance & Commerce3/17/2011
Insurance and Commerce3/2/2011

Full Bill Text

No bill text available