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AR HB2187
Bill
Status
Failed
4/27/2011
Primary Sponsor
Mike Patterson
Click for details
AI Summary
- Amends Arkansas Code § 17-42-104(a) to clarify and restructure exemptions from real estate licensing requirements
- Revises language for attorneys in fact to explicitly state they cannot receive or have expectation of receiving fees, commissions, or other consideration for performing real estate acts
- Expands exemption for salaried/hourly employees engaged in leasing to include delivering lease documents, receiving applications and payments, showing rental units, and conveying lease-related information
- Modifies exemption for corporate officers and employees acting on behalf of business entities by adding three new conditions: acts cannot be performed for special compensation, primary business activity must not be real estate related, and employee cannot provide services to multiple entities
- Clarifies exemptions apply to persons acting as receivers, trustees, administrators, executors, guardians, resident managers, government employees, and multiple listing services
Legislative Description
To Regulate Exemptions Of The Real Estate Licensing Law.
Last Action
House Died in House Committee at Sine Die adjournment.
4/27/2011
Committee Referrals
Public Health, Welfare and Labor3/7/2011
Full Bill Text
No bill text available