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WV SB747

Bill

Status

Passed

4/25/2025

Primary Sponsor

Randy Smith

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Nonresident real estate brokers who maintain a definite place of business in their home state are exempt from the requirement to maintain a physical office location within West Virginia

  • Licensed brokers must still maintain a definite place of business designated on their license certificate and may only transact business at that location or at properly licensed branch offices

  • Brokers must display branch office licenses conspicuously, keep affiliated associate broker and salesperson licenses in their custody, and notify the commission of any address changes

  • Associate brokers and salespersons must work under direct supervision of their affiliated broker and cannot perform any licensed activities after termination until a new broker affiliation is approved

  • Effective date is July 10, 2025 (90 days after passage on April 11, 2025)

Legislative Description

Relating to Real Estate License Act

Governor -- Bills Requested By

Last Action

Approved by Governor 4/25/2025 - House Journal

4/12/2025

Committee Referrals

Government Organization3/26/2025
Government Organization3/13/2025

Full Bill Text

No bill text available