1 bill · 2020 Regular Session
Amends existing law to clarify provisions regarding the availability of real estate brokers and to remove provisions regarding broker and branch manager absences.
The purpose of this proposed legislation is to eliminate a section of the code which requires a broker's physical presence in the office at certain intervals. Brokers are required to properly supervise their sales associates, regardless of their location. Technology advances have made it possible for brokers to supervise contracts electronically, the physical presence requirement created unnecessary restrictions for the business models of some brokerage companies. In order to protect the consumer in a real estate transaction, language was added to clarify the broker's responsibility to be reasonably available to answer questions and complaints
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